Yoshitsu Co., Ltd American Depositary Shares

Yoshitsu Co., Ltd, a Japanese retailer and wholesaler, has been awarded the Gold Stevie® Award in the 'Company of the Year - Retail - Medium-size' category at the 21st Annual International Business Awards®. The award recognizes the company's growth strategies and operational achievements.

Related tickers: TKLF.

Tokyo, Japan, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd (“Yoshitsu” or the “Company”) (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, sundry products, luxury products, electronic products, as well as other products in Hong Kong, mainland China, Japan, North America, and the United Kingdom, announced today the closing of its previously announced registered direct offering of 5,970,152 American Depositary Shares (“ADSs”) with certain institutional investors, at a purchase price of $0.67 per ADS. In the concurrent private placement, the Company also issued to the same investors ADS purchase warrants. The warrants have an exercise price of $0.67 per ADS, are exercisable immediately, and will expire 5.5 years following the date of issuance.

Related tickers: TKLF.