secwatch.observer — SEC 8-K summary
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Issuer:     Reborn Coffee, Inc. (REBN)
CIK:        0001707910
Form:       8-K
Filed at:   2025-08-01T23:59:59+00:00
Accession:  0001213900-25-070660
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 issues $833K convertible debenture with 10% OID, warrants, and incentive shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1707910/000121390025070660/0001213900-25-070660-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1707910/000121390025070660/ea0251208-8k_reborn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-070660

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