Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Reborn Coffee, Inc.: Certificate of Amendment filed to effect a 1-for-8 reverse stock split of common stock (effective 2024-01-12).
- Change
- charter amendment
- Effective
- 2024-01-12
Exact text from the filing
On January 12, 2024, the Company filed a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Certificate of Incorporation to effect a reverse stock split of its issued Common Stock in the ratio of 1-for-8 (the “Reverse Stock Split”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Reborn Coffee, Inc. entered into Securities Subscription Agreement with Farooq M. Arjomand valued at Issued 1,666,667 shares of common stock at $0.60 per share for aggregate gross proceeds of approxima (effective 2024-01-10).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Farooq M. Arjomand
- Value
- Issued 1,666,667 shares of common stock at $0.60 per share for aggregate gross proceeds of approxima
- Effective
- 2024-01-10
Exact text from the filing
On January 10, 2024, Reborn Coffee, Inc., a Delaware corporation (the “Company”), entered into a securities subscription agreement (“Subscription Agreement”) with Farooq M. Arjomand (the “Investor”), the Chairman of the Company’s Board of Directors and an “accredited investor,” as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”).
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