secwatch.observer — SEC 8-K summary
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Issuer:     Reborn Coffee, Inc. (REBN)
CIK:        0001707910
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001213900-23-059271
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reborn Coffee enters $1M credit facility, appoints Andy Nasim to board
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- $1.0M credit facility from DRE Inc.; interest prime + 1% (floor 8%), matures May 31, 2025.
- Loan guaranteed by CEO Jay Kim; interest-only payments start July 15, 2023.
- Dennis Egidi resigned from audit and compensation committees due to independence rules.
- Andy Nasim appointed director, fills vacancy; serves on audit and chairs compensation committee.
- Board committees now: audit (Arjomand, Nasim, Kim); comp (Nasim, Arjomand, Kim).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1707910/000121390023059271/0001213900-23-059271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1707910/000121390023059271/ea182257-8k_reborn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-059271

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer