Vestand borrows $200K at 16% interest, pledges 100% of Korean subsidiary as collateral

Filed May 28, 2026 · Period ending March 17, 2026 · ~1 min read

Key Changes

• high

  Company secured $200,000 loan from Good Mood Studio Inc. at 16% annual interest (18% if overdue), due September 16, 2026—a six-month repayment window suggesting urgent cash needs.

  Item 1.01 verify on EDGAR →
• high

  Entire equity stake in Vestand Korea Co., Ltd pledged as collateral. If company defaults, lender can immediately seize, sell, or control the Korean subsidiary without additional notice.

  Item 1.01 verify on EDGAR →
• high

  High interest rate (16%) indicates limited access to conventional financing and suggests elevated credit risk or financial stress.

  Item 1.01 verify on EDGAR →