Reborn Coffee, Inc. (REBN): Nasdaq/NYSE listing notice — Reborn Coffee receives Nasdaq delisting notice for bid price and equity non-compliance

Reborn Coffee, Inc.

Nasdaq scheduled delisting effective Nov 6, 2023; suspension at open of business that day.
Failed to maintain minimum $1.00 bid price for 30 consecutive days; 180-day cure period expired Oct 25, 2023.
Stockholders' equity fell below required $2.5M minimum; compliance plan submitted Oct 20, 2023 not yet accepted.
Company intends to appeal to a Hearings Panel; must pay $20,000 non-refundable fee to stay suspension.
Prior non-compliance disclosures filed on May 2 and Sep 11, 2023.

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 delisting notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

be filed with the Securities and Exchange Commission (the “SEC”), which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market. This Letter was sent pursuant to an earlier notification letter warning the Company that it was out of compliance with Listing Rule 5550(a)(2), which requires that the listed security maintain a minimum bid price of $1.00 per share and that failure to meet this requirement for a period of 30 consecutive days will subject the Company to delisting. The Company was provided with 180 calendar days, or until October 25, 2023 to regai

View on SEC.gov

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

Reborn Coffee, Inc. received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

be filed with the Securities and Exchange Commission (the “SEC”), which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market. This Letter was sent pursuant to an earlier notification letter warning the Company that it was out of compliance with Listing Rule 5550(a)(2), which requires that the listed security maintain a minimum bid price of $1.00 per share and that failure to meet this requirement for a period of 30 consecutive days will subject the Company to delisting. The Company was provided with 180 calendar days, or until October 25, 2023 to regai

View on SEC.gov

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Reborn Coffee, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-082199

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