Reborn Coffee announces 1-for-8 reverse split and $1M private placement from Chairman

Reborn Coffee, Inc.

Reverse stock split at 1-for-8 ratio; post-split shares ~2.7M; trading begins Jan 22, 2024 under symbol REBN.
Reverse split intended to regain Nasdaq minimum $1.00 bid price compliance; approved by stockholders Nov 6, 2023.
Closed $1M private placement with Chairman Farooq Arjomand; issued 1,666,667 shares at $0.60 per share.
Proceeds from private placement to be used for working capital and general corporate purposes.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.