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Stock impact report

Yoshitsu Co., Ltd Welcomes New Institutional Shareholders

Yoshitsu Co., Ltd - American Depositary Shares (TKLF) 
Company Research Source: GlobeNewswire
Gathering Momentum for its Global Expansion Tokyo, Japan, Feb. 05, 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, is proud to announce that on January 30, 2024, Hudson Bay Capital Management LP (“Hudson Bay”) and seven other institutional investors have become new beneficial owners of the American Depositary Shares (“ADSs”) of the Company. The Company believes that the joining of the institutional shareholders demonstrates the Company’s strengthened capital forces for market expansion around the world. The Company’s previously announced successful completion of the follow-on equity offering (the “Offering”) has empowered it as the first Nasdaq listed Japanese company to complete a follow-on offering after its ini Show less Read more
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