Reborn Coffee, Inc. (REBN): debt financing — Reborn Coffee closes $1.11M second tranche of convertible debenture offering

Reborn Coffee, Inc.

Issued $1,111,111 principal amount of 10% OID convertible debentures for $1,000,000 cash.
Conversion price set at 92.5% of lowest 5-day daily VWAP prior to conversion notice.
Issued 52,283 warrants to purchasers; exercise price also tied to 92.5% of recent VWAP.
Offering is part of an up to $10M total secured convertible debenture program in tranches.

item 1.01 item 2.03 item 3.02

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Reborn Coffee, Inc. incurred convertible notes of $1,111,111 with Arena Investors at 10% per annum paid in kind.

Instrument: convertible notes
Principal: $1,111,111
Counterparty: Arena Investors
Rate: 10% per annum paid in kind
Event: incurrence

Exact text from the filing

The closing of the second tranche was consummated on February 26, 2025 (the “Second Closing”) and the Company issued to the Arena Investors Debentures in an aggregate principal amount of $1,111,111 (the “Second Closing Debentures”).

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Reborn Coffee, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-019049

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