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HTFL’s Client Yoshitsu Co., Ltd Successfully Closed Registered Direct Offering and Private Placement

February 2, 2024

Ying Li Mark Goldenberg Warren Wang

Yoshitsu Co., Ltd.  (NASDAQ: TKLF, the “Company”),  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, on January 30, 2024, announced the closing of its 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.

Maxim Group LLC acted as the sole placement agent in connection with the offering.

The gross proceeds to Yoshitsu Co., Ltd. were approximately $4,000,000 before deducting the placement agent fees and other offering expenses.

Hunter Taubman Fischer & Li LLC (“HTFL”) acted as counsel to the Company. HTFL is a boutique law firm specializing in securities transactions, corporate, commercial, and cross-border financing, immigration, and taxation. Our team of lawyers works together so our clients can benefit from astute business experience and sophisticated legal solutions.