secwatch.observer — SEC 8-K summary
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Issuer:     Reborn Coffee, Inc. (REBN)
CIK:        0001707910
Form:       8-K
Filed at:   2024-08-29T23:59:59+00:00
Accession:  0001213900-24-073563
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reborn Coffee raises $1.6M via equity placement and $500K convertible note at $3.36/share
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- Private placement sold 381,819 shares at $2.75-$3.00 for ~$1.1M in gross proceeds.
- Issued $500K convertible note to Quen Inno Tech; convertible at $3.36/sh, 0% interest (10% upon default).
- Proceeds from both transactions will be used for working capital and general corporate purposes.
- Convertible note requires monthly installments from Aug 2025; early redemption allowed at 15% premium.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1707910/000121390024073563/0001213900-24-073563-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1707910/000121390024073563/ea0212168-8k_reborn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-073563

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