Reborn Coffee, Inc. (REBN): Nasdaq/NYSE listing notice — Reborn Coffee receives Nasdaq notice for equity below $2.5M minimum, faces delisting risk

Reborn Coffee, Inc.

Stockholders' equity $2,278,723 at June 30, 2023, below Nasdaq's $2.5M minimum requirement.
Company has until Oct 20, 2023 to submit a compliance plan; extension possible to March 3, 2024.
Also non-compliant with minimum bid price rule ($1.00), previously disclosed in May 2023.
No immediate delisting; company evaluating options but no assurance of regaining compliance.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Reborn Coffee, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1), 5810(c)(2)(A)(i)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1), 5810(c)(2)(A)(i)

Exact text from the filing

received a notification letter (the “Letter”) from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that its amount of stockholders’ equity has fallen below the $2,500,000 required minimum for continued listing set forth in Nasdaq Listing Rule 5550(b)(1). The Company’s stockholders’ equity currently sits at $2,278,723 as reported by our Quarterly Report on Form 10-Q for the period ended June 30, 2023. The Letter also noted that as of June 30, 2023, the Company does not meet the alternatives of market value listed securities or net income

View on SEC.gov

Browse all listing & compliance notices →

Reborn Coffee, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-075750

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.