secwatch.observer — SEC 8-K summary
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Issuer:     Reborn Coffee, Inc. (REBN)
CIK:        0001707910
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0001213900-24-004173
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1707910/000121390024004173/0001213900-24-004173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1707910/000121390024004173/ea191741-8k_reborncoffee.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-004173

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer