Vestand shares surge 10.04% premarket after expanding convertible note use to general operations and growth investments.

Vestand Inc. surged 10.04% in premarket trading following its announcement of a Change of Use Amendment to its Convertible Note Subscription Agreement with the Open Innovation Fund. The amendment, effective September 10, 2025, expands the use of proceeds from $4.4 million in funding to include general operations, financial restructuring, growth investments, and internal control improvements, broadening strategic flexibility. While the company also faces a Nasdaq noncompliance notice over bid price requirements, the premarket rally suggests investors viewed the revised financing terms as a positive step toward addressing financial challenges and operational needs, outweighing near-term regulatory risks in the short-term price reaction.