secwatch.observer — SEC 8-K summary
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Issuer:     Reborn Coffee, Inc. (REBN)
CIK:        0001707910
Form:       8-K
Filed at:   2025-03-03T23:59:59+00:00
Accession:  0001213900-25-019049
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Reborn Coffee closes $1.11M second tranche of convertible debenture offering
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1707910/000121390025019049/0001213900-25-019049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1707910/000121390025019049/ea0232639-8k_reborn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-019049

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