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.

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