James Chae's Schedule 13D/A Filing for Vestand Inc.

James Chae, the CEO of Eastvale K-BBQ, filed an amended Schedule 13D/A for Vestand Inc., disclosing his ownership of 2,973,400 shares of Class A common stock, representing approximately 20.5% of the outstanding shares. The filing details the acquisition of a warrant to purchase 1,120,000 shares of Class A common stock at $0.0025 per share, following a 4-for-1 forward stock split. The warrant was acquired in exchange for the cancellation of $700,000 in debt owed by Vestand Inc. to Chae. The filing also notes the conversion of 400,000 shares of Class B common stock into Class A common stock. Chae has not engaged in any significant transactions in the past sixty days, except for the sale of 5,000 shares at an average price of $1.93 per share. The filing does not indicate any immediate plans for further acquisitions or changes in corporate control.