Home / Restatements / Vestand Inc.

5/5Vestand Inc. (VSTD): Non-reliance / restatement

Filed 2025-10-31 路 Form 8-K 路 Accession 0001493152-25-020411 nano

Market data

Price before filing: $0.85 (2025-10-30 close, split/dividend-adjusted)
Market cap at flag: $4.6M (2025-10-31) 路 Latest: $1,192 (2026-08-20)

What happened next

WindowVSTDSPYvs SPY
30 days-36.1%+0.1%-36.2%2025-12-01
90 days-62.6%+2.4%-65.0%2026-01-29
180 days-51.8%+5.3%-57.0%2026-04-29

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Verified excerpt

"(the "Company"), based on the Company's Audit Committee Report and on an Independent Accountant's Report on Applying Agreed-Upon Procedures (the "Independent Accountant Report") from Oh & Chung LLP ("Oh & Chung"), an independent registered public accounting firm, determined that the Company's previously filed financial statements (the "Previously Issued Financial Statements") contained in the Company's annual and..."

Quoted from the filing. Source

What this means

The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.

Why this score: also within 90 days: Auditor change, Late quarterly report (NT 10-Q)

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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