YOSH is a NASDAQ stock with an incredibly tiny trading float! Keep reading to see why this matters….
Greetings Investors,
Put Yoshiharu Global Co. (NASDAQ: YOSH) on your radar right away!
YOSH is a a California-based restaurant operator specializing in authentic Japanese ramen.
The #1 reason to have the stock on your radar right now is its low float.
YOSH has a trading float of under 600,000!! This is a relatively small float for a NASAQ-traded company and means there aren't that many shares available.
A low-float stock with bullish catalysts could produce a significant potential upside. Think supply and demand 101.
What catalysts could drive growth for this low-float stock?
Big news!
And this week YOSH had big news announcing that the company has closed the previously announced asset purchase agreement with a restaurant operator to acquire certain restaurant assets held by Jjanga LLC, HJH LLC and Ramen Aku LLC for an aggregate $3.6 million.
"I am pleased to announce the successful acquisition of three renowned Las Vegas restaurants," said James Chae, Yoshiharu's President, CEO, and Chairman of the Board. "With $6 million in annual revenues expected in 2024 from the acquired restaurants, we eagerly anticipate leveraging the financial success seen with these stores to further expand the Yoshiharu brand into a new state. Through this strategic acquisition, we anticipate breaking even in the second half of 2024 and become profitable in 2025."
With such a limited amount of shares available for public trading, YOSH may see bright moves ahead as Wall Street continues to digest the company's growing operations.
More about the Company:
Yoshiharu is a fast-growing restaurant operator and was born out of the idea of introducing the modernized Japanese dining experience to customers all over the world. Specializing in Japanese ramen, Yoshiharu gained recognition as a leading ramen restaurant in Southern California within six months of its 2016 debut and has continued to expand its top-notch restaurant service across the West Coast, currently owning and operating 11 restaurants.
The acquisition was financed through a combination of cash, promissory note, and a convertible note, which provides the Seller with the option to convert the debt into Class A YOSH common shares. The Seller will also serve as the managing director of each restaurant through an employment agreement.
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