Reborn Coffee terminates $5M Standby Equity Purchase Agreement with Yorkville

Reborn Coffee, Inc.

Terminated SEPA with YA II PN, Ltd. effective Feb 12, 2025; company exercised unilateral termination right.
No shares sold under SEPA except 64,656 commitment shares issued as consideration.
No penalties or fees incurred from termination; agreement allowed up to $5M of common stock sales.
Financing line was available through March 2027; termination removes this equity funding source.

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