Yoshiharu Global (YOSH) Closes $1M Private Placement

Yoshiharu Global Co. (NASDAQ: YOSH) today announced the closing of a non-brokered $1.0 million private placement investment from an accredited investor and intends to use these proceeds for the Company’s expansion into the Korean BBQ (“KBBQ”) segment.

As previously-announced, Yoshiharu has identified a growing trend of demand for KBBQ cuisine, predominantly in Southern California, as the popularity of Korean food has expanded American’s rising appetites for Korean BBQ. Having operated in the restaurant sector since 2016, Yoshiharu has leveraged its extensive industry experience and expertise to build a robust network of supply chain stakeholders essential for successful restaurant operations. Recognizing the synergies between its existing suite of culinary offerings and the KBBQ concept, the Company plans to capitalize on the synergies of resources and ingredients for both segments to enhance purchasing power, attract a wider audience, and explore cross-promotion opportunities to further solidify and expand the Yoshiharu brand.

"This private equity investment will allow Yoshiharu to establish a footprint in the growing Korean BBQ market," said James Chae, Yoshiharu’s President, CEO, and Chairman of the Board. "Yoshiharu will leverage our industry expertise and robust supply chain to capitalize on the synergies between the KBBQ concept and our current Japanese ramen offering as we look to expand the Yoshiharu brand as a leader in the restaurant industry. We are expecting to make additional announcements soon as other investors want to join the Company’s KBBQ business.”

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