Yoshiharu Global, which operates eight ramen-focused Japanese restaurants in Southern California, raised $12 million by offering 2.9 million shares at $4, the low end of the range of $4 to $5. The company offered 0.5 million more shares than anticipated. It originally planned to offer 4 million units before removing the attached warrants and lowering the proposed share offering in May.
Yoshiharu is a Japanese restaurant operator specializing in authentic Japanese ramen. The company also offers a variety of sushi rolls, bento menu, and other favorite Japanese cuisine. Yoshiharu currently owns and operates eight restaurants across Southern California, with an additional one new restaurants under construction or in development, and eight more expected to open in 2022.
Yoshiharu Global plans to list on the Nasdaq under the symbol YOSH. EF Hutton acted as sole bookrunner on the deal.