Yoshitsu files to sell 5.97M American depositary shares for holders

This filing covers the resale by certain selling shareholders of up to an aggregate of 5.97M American depositary shares, or “ADSs,” each representing one ordinary share, issuable upon exercise of the warrants the company issued to the investors in a private placement concurrent with a registered direct offering on January 30, to purchase up to an aggregate of 5.97M ADSs at an exercise price of 67c per share. The ADSs issuable upon exercise of the warrants may be offered for sale from time to time by the selling shareholders. The company will receive proceeds from any exercise of the warrants, but not from the sale of the ADSs.