debt
confidence high
sentiment negative
materiality 0.75
Reborn Coffee enters amended forbearance with Arena Investors; $400K monthly payments plus 70% of equity proceeds
Reborn Coffee, Inc.
- Amended forbearance waives defaults from delayed payment under October 2025 equity subscription agreement.
- Payments: $400K by April 30, 2026, then $400K monthly, full balance due September 30, 2026.
- Upon any securities sale, pay lesser of 70% of proceeds or remaining debenture balance within 3 business days.
- File registration statement covering 250,000 warrant shares ($2.00 exercise) and 185,771 exchange shares within 20 days after 10-K filing.
- Arena receives warrants for 250,000 shares at $2.00 per share on effective date.