secwatch.observer — SEC 8-K summary
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Issuer:     Reborn Coffee, Inc. (REBN)
CIK:        0001707910
Form:       8-K
Filed at:   2025-01-10T23:59:59+00:00
Accession:  0001213900-25-002721
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reborn Coffee issues $121.9K convertible note with 14% OID and 75% conversion discount
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- Issued a $121,900 promissory note to 1800 Diagonal Lending LLC at a $106,000 purchase price (14% original issue discount).
- Note bears 14% one-time interest plus 22% default interest; monthly installments begin July 15, 2025.
- Upon default, investor can convert outstanding balance into common stock at 75% of lowest 10-day trading price.
- Additional tranches of up to $875,000 may be available subject to further agreement.
- Proceeds used for general working capital; placement agent Spartan Capital Securities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1707910/000121390025002721/0001213900-25-002721-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1707910/000121390025002721/ea0227240-8k_reborn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-002721

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