Reborn Coffee acquires 58% stake in S. Korean bakery chain Bbang Ssaem for $1M

Reborn Coffee, Inc.

Acquired 166,000 shares for $1M: $200K cash by Dec 31, 2024; $800K in stock at Jan 31, 2025 VWAP.
Bbang Ssaem operates 31 bakery cafés in South Korea, founded in 2019.
Closing on Nov 6, 2024; due diligence period of 75 days with potential price adjustment.
Consideration shares to be issued unregistered under Section 4(a)(2) of Securities Act.
Financial statements of acquiree to be filed within 71 days after closing.

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