{"filing":{"accession_number":"0001493152-26-036799","cik":"0001898604","ticker":"VSTD","company_name":"Vestand Inc.","form":"8-K","filing_date":"2026-08-10","report_date":"2026-06-23","primary_document":"form8-k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315226036799/form8-k.htm"},"events":[{"id":26483,"run_id":24072,"accession_number":"0001493152-26-036799","anchor_item_number":null,"event_type":"governance_other","event_domain":"governance","is_material":true,"confidence":0.85,"summary":"The filing discloses a material modification to security holder rights (Item 3.03) and a change in control (Item 5.01) triggered by BS1 Fund's conversion of 1,760,000 Class B shares into Class A shares on June 23, 2026. This automatic conversion caused all outstanding Class B shares (which carried 10 votes per share) to convert to Class A shares (1 vote per share), and BS1 Fund's voting power fell below 25%, resulting in loss of majority control. While this involves a technical change-of-control disclosure, the core event is a governance restructuring—the dissipation of a controlling shareholder's voting power through a contractual conversion mechanism—rather than a traditional M\u0026A transaction or executive change.","company_name":"Vestand Inc.","ticker":"VSTD","filing_date":"2026-08-10","form":"8-K","submitted_at":null,"items":null}],"classifications":[{"id":27618,"accession_number":"0001493152-26-036799","item_number":null,"item_title":null,"event_type":"governance_other","event_domain":"governance","is_material":true,"confidence":0.85,"reasoning":"The filing discloses a material modification to security holder rights (Item 3.03) and a change in control (Item 5.01) triggered by BS1 Fund's conversion of 1,760,000 Class B shares into Class A shares on June 23, 2026. This automatic conversion caused all outstanding Class B shares (which carried 10 votes per share) to convert to Class A shares (1 vote per share), and BS1 Fund's voting power fell below 25%, resulting in loss of majority control. While this involves a technical change-of-control disclosure, the core event is a governance restructuring—the dissipation of a controlling shareholder's voting power through a contractual conversion mechanism—rather than a traditional M\u0026A transaction or executive change.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-10T16:48:57.843458+00:00","company_name":"Vestand Inc.","ticker":"VSTD","filing_date":"2026-08-10"}]}