secwatch.observer — SEC 8-K summary
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Issuer:     Reborn Coffee, Inc. (REBN)
CIK:        0001707910
Form:       8-K
Filed at:   2024-05-23T23:59:59+00:00
Accession:  0001213900-24-045998
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Reborn Coffee issues $800K convertible note and warrant to EF Hutton YA Fund; net $720K
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- Net proceeds of $720,000 after 10% original issue discount and $36K advisory fee to EF Hutton LLC.
- Note matures May 20, 2025; 0% interest (18% on default); monthly installments start Aug 15, 2024.
- Holder may convert outstanding into common stock at $2.29 per share; company may redeem early at 15% premium.
- Warrant for 175,000 shares at $2.29, exercisable for 5 years; cashless exercise if no registration by Aug 15, 2024.
- Company grants registration rights and agrees not to enter variable rate transactions while note is outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1707910/000121390024045998/0001213900-24-045998-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1707910/000121390024045998/ea0206706-8k_reborn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-045998

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