secwatch.observer — SEC 8-K summary
======================================

Issuer:     Reborn Coffee, Inc. (REBN)
CIK:        0001707910
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0001213900-25-013054
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reborn Coffee raises $500K via convertible debentures, secures up to $50M ELOC
------------------------------------------------------------------------------

- Issued $555,555 principal of 10% OID secured convertible debentures for $500,000; conversion at 92.5% of 5-day VWAP.
- Issued 111,111 warrants exercisable at 92.5% of VWAP, representing 20% of principal per tranche.
- Entered ELOC agreement to sell up to $50M of common stock over 36 months at 96% of VWAP; commitment fee of 1.5M shares.
- Debentures secured by all assets; subsidiaries guarantee obligations. Registration statement due by April 10, 2025.
- First closing on Feb 11, 2025; additional tranches possible up to $10M aggregate principal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1707910/000121390025013054/0001213900-25-013054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1707910/000121390025013054/ea0230770-8k_reborn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-013054

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