secwatch.observer — SEC 8-K summary
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Issuer:     Reborn Coffee, Inc. (REBN)
CIK:        0001707910
Form:       8-K
Filed at:   2023-11-29T23:59:59+00:00
Accession:  0001213900-23-091069
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reborn Coffee exchanges $1M loan note for 1,666,667 shares at $0.60/share
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- Exchange with DRE, Inc. (controlled by Vice Chairman Dennis Egidi) eliminates $1,000,000 outstanding balance including interest.
- Issued 1,666,667 shares of common stock at $0.60 per share; shares are unregistered restricted securities.
- DRE granted piggyback registration rights covering the exchanged shares; no underwriter or demand registration included.
- Transaction classified as related-party; Egidi serves as Vice Chairman of Reborn Coffee's Board.
- Shares issued under Section 4(a)(2) and Regulation D Rule 506(b) exemption; no public offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1707910/000121390023091069/0001213900-23-091069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1707910/000121390023091069/ea189185-8k_reborncoffee.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-091069

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