On June 23, 2026, BS1 Fund converted its 1,760,000 shares of Class B Common Stock into Class A Common Stock, triggering the automatic conversion of all remaining outstanding Class B shares. This event reduced BS1 Fund's beneficial ownership to less than 25% and eliminated its control over a majority of voting power. Consequently, all former Class B shareholders now hold Class A shares with one vote per share, down from ten votes previously. Vestand Inc. operates in the technology sector.

Vestand Inc. received a delisting decision from Nasdaq effective July 27, 2026, following a Hearings Panel rejection of its appeal. The delisting stems from non-compliance with periodic reporting requirements due to missed 10-Q and 10-K filings, as well as failure to maintain the $1.00 minimum bid price. The company's Class A Common Stock began trading on the OTC Pink Limited Market under the symbol VSTD on July 27, 2026. Vestand Inc. operates in the technology sector, specifically focusing on virtual reality and augmented reality solutions.

Vestand Inc. received a notification from Nasdaq on June 12, 2026, stating the company failed to regain compliance with the Minimum Bid Price Requirement of $1.00 per share. The initial 180-day compliance period ended on June 10, 2026, and the company is ineligible for further extensions. The deficiency will be reviewed by the Nasdaq Hearings Panel. Separately, the company is appealing a Staff Delisting Determination regarding its failure to file periodic reports, including its 2025 Annual Report and several quarterly reports. While a request to stay the suspension and delisting of its Class A Common Stock was granted, there is no guarantee the Panel will accept the company's compliance plan. Vestand Inc. is a company whose specific business operations are not detailed in this filing.