secwatch.observer — SEC 8-K summary
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Issuer:     Reborn Coffee, Inc. (REBN)
CIK:        0001707910
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001213900-23-082199
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Reborn Coffee receives Nasdaq delisting notice for bid price and equity non-compliance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1707910/000121390023082199/0001213900-23-082199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1707910/000121390023082199/ea187606-8k_reborn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-082199

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