secwatch.observer — SEC 8-K summary
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Issuer:     Reborn Coffee, Inc. (REBN)
CIK:        0001707910
Form:       8-K
Filed at:   2023-09-11T23:59:59+00:00
Accession:  0001213900-23-075750
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Reborn Coffee receives Nasdaq notice for equity below $2.5M minimum, faces delisting risk
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1707910/000121390023075750/0001213900-23-075750-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1707910/000121390023075750/ea185044-8k_reborn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-075750

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