Vestand Inc. shares surge 13.60% intraday after expanding convertible note use scope with Open Innovation Fund.

Vestand Inc. surged 13.60% intraday after announcing a Change of Use Amendment to its Convertible Note Subscription Agreement with the Open Innovation Fund. The amendment expands the scope of the convertible notes, originally established in August, potentially enhancing financial flexibility and signaling strategic capital allocation. This move is likely to bolster investor confidence in the company's growth prospects.