Reborn Coffee, Inc. (REBN): debt financing — Reborn Coffee issues $833K convertible debenture with 10% OID, warrants, and incentive shares

Reborn Coffee, Inc.

Fourth tranche of $10M SPA closed; $833,333 principal purchased for $750,000 (10% OID).
Issued 136,483 warrants and $175,000 incentive shares (based on VWAP) to Arena Investors.
Proceeds: $100–250K for marketing, $500K for payroll (~2.5 months), $100K for aged payables, rest for franchise.
Failure to allocate proceeds as agreed is an event of default under all outstanding debentures.
Convertible at 92.5% of lowest 5-day VWAP; warrants exercisable at similar formula.

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 aggregate principal amount of $833,333 with Arena Investors at accrue interest at a rate of 10% per annum paid in kind.

Instrument: convertible notes
Principal: aggregate principal amount of $833,333
Counterparty: Arena Investors
Rate: accrue interest at a rate of 10% per annum paid in kind
Event: incurrence

Exact text from the filing

. The Fourth Closing was consummated on July 31, 2025 and the Company issued to the Arena Investors Debentures in an aggregate principal amount of $833,333

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Reborn Coffee, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-070660

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