Oct. 9 at 1:21 AM
$VSTD
As of October 8, 2025, Vestand Inc. is scheduled to complete the subscription for its
$4.4 million convertible note on or before October 15, 2025.
Original agreement: On July 29, 2025, VSTD entered into a Convertible Note Subscription Agreement for a
$4.4 million investment from Open Innovation Fund.
Amended payment schedule: The agreement was amended on August 28, 2025, to outline a three-tranche payment schedule:
- First tranche (
$2.9 million): Scheduled for payment by September 11, 2025.
- Second tranche (
$750,000): Scheduled for payment by September 30, 2025.
- Third tranche (
$750,000): Scheduled for payment by October 15, 2025.
Because the final payment isn't due until October 15, the subscription process is not yet fully completed.