8-K
filed April 23, 2024, 7:59 PM ET
ticker REBN
CIK 0001707910
regulatory
confidence high
sentiment positive
materiality 0.60
Reborn Coffee estimates $3.92M equity, expects to comply with Nasdaq $2.5M rule
Reborn Coffee, Inc.
- All six director nominees elected with >99% of votes cast; BF Borgers ratified as auditor.
- Say-on-pay approved; board sets frequency to every three years, next vote at 2026 meeting.
- Company estimates stockholders' equity of $3.92M at March 31, 2024, exceeding Nasdaq's $2.5M minimum.
- Capital raised includes $1M insider equity, $1.1M prepaid advance, $1M private placement; Q1 net loss estimated $650k.
- Company believes it has achieved compliance with Nasdaq Listing Rule 5550(b)(1) for minimum equity.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Reborn Coffee, Inc. shareholders approved Non-binding advisory vote on executive compensation (Say-on-Pay) at the 2024-04-22 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-04-22
Exact text from the filing
Proposal No. 3 The Company’s stockholders approved on a non-binding advisory basis, executive compensation, commonly referred to as “say-on-pay” (“Say-on-Pay”): VOTES FOR VOTES AGAINST VOTES ABSTAINED BROKER NON-VOTES 1,215,470 3,549 562 161,323
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Reborn Coffee, Inc. shareholders approved Non-binding advisory vote on frequency of say-on-pay votes (Say-on-Pay Frequency) at the 2024-04-22 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2024-04-22
Exact text from the filing
Proposal No. 4 The Company’s stockholders approved on a non-binding advisory basis, the frequency of voting on the compensation of our named executive officers (“Say-on-Pay Frequency”): ONE YEAR TWO YEARS THREE YEARS VOTES ABSTAINED BROKER NON-VOTES 5,472 426 1,213,036 647 161,323
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Reborn Coffee, Inc. shareholders approved Ratification of appointment of BF Borgers CPA PC as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2024-04-22 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-04-22
Exact text from the filing
Proposal No. 2 The Company’s stockholders ratified the appointment of BF Borgers CPA PC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023, based upon the following votes: VOTES FOR VOTES AGAINST VOTES ABSTAINED BROKER NON-VOTES 1,369,171 11,136 597 -
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Reborn Coffee, Inc. shareholders approved Election of Farooq M. Arjomand, Jay Kim, Dennis R. Egidi, Sehan Kim, Andy Nasim and Jennifer Tan to the Board of Directors at the 2024-04-22 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-04-22
Exact text from the filing
Proposal No. 1 The Company’s stockholders elected Farooq M. Arjomand, Jay Kim, Dennis R. Egidi, Sehan Kim, Andy Nasim and Jennifer Tan to the Company’s Board of Directors, to hold office until the 2024 annual meeting of stockholders or until such director’s respective successors are elected or appointed and qualified or until any such director’s earlier resignation or removal, based upon the following votes: NOMINEE VOTES FOR VOTES WITHHELD BROKER NON-VOTES Farooq M. Arjomand 1,215,592 3,989 161,323 Jay Kim 1,215,651 3,930 161,323 Dennis R. Egidi 1,215,468 4,113 161,323 Sehan Kim 1,215,476 4,105 161,323 Andy Nasim 1,215,985 3,596 161,323 Jennifer Tan 1,215,995 3,586 161,323
View on SEC.gov
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