secwatch.observer — SEC 8-K summary
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Issuer:     Reborn Coffee, Inc. (REBN)
CIK:        0001707910
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001213900-25-026268
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 closes $1.5M third tranche of secured debentures, amends redemption terms
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- Third closing: issued $1,666,667 principal debentures for $1,500,000 (10% OID) plus 91,076 warrants to Arena Investors.
- Global Amendment: Company must use 30% of gross proceeds from future financings to redeem debentures at 120% of principal plus interest.
- Conversion price set at 92.5% of lowest 5-day VWAP prior to conversion; 10% PIK interest, 2% monthly default rate.
- Warrants issued at 20% of principal, exercisable at 92.5% of average lowest VWAP before exercise notice.
- Amendments apply to previously issued debentures and future tranches under the Securities Purchase Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1707910/000121390025026268/0001213900-25-026268-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1707910/000121390025026268/ea0236331-8k_reborn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-026268

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