Highest-materiality recent filing
Reborn Coffee's Jay Kim resigns as Co-CEO, CFO, Director; Jung Jae Lim named interim CFO
Jay Kim resigned from all roles (Co-CEO, CFO, Director) on June 4, 2026, effective immediately.
Reborn Coffee Co-CEO Jay Kim resigns; Jung Jae Lim becomes sole CEO
Jay Kim resigned as Co-CEO effective June 4, 2026; Board accepted.
Reborn Coffee enters $21M private placement; two closings at $2.00/share
Up to 10.5M shares at $2.00/share, aggregate gross proceeds of $21M.
Amended forbearance waives defaults from delayed payment under October 2025 equity subscription agreement.
Company must pay $1.06M by Apr 6, $400k by Apr 20, then $500k monthly until debentures fully paid or converted.
Reborn Coffee appoints Alex Yeon to board and Jung Jae Lim as Co-CEO
Board expanded from 6 to 7; Alex Yeon appointed as independent director and Audit Committee member.
Reborn Coffee receives Nasdaq non-compliance notice; appoints new directors to cure
Nasdaq notified Company on Feb 19, 2026 of non-compliance with independent director and committee rules (Listing Rule 5605).
Three directors resign from Reborn Coffee board effective Feb. 11-13, 2026
Andy Nasim, Alex Guo, and Mi Young Jeong resigned from the Board and all committees.
Reborn Coffee issues 185,771 shares to cancel warrants; expects Nasdaq compliance with $3.4M equity
Issued 185,771 shares to Arena Investors in exchange for cancellation of warrants on 337,765 shares; eliminated ~$1.3M derivative liability.
Reborn Coffee receives Nasdaq delisting notice for equity deficiency; appeal planned
Delisting effective Dec 11, 2025 due to failure to maintain $2.5M stockholders' equity per Listing Rule 5550(b)(1).
Reborn Coffee secures $6.5M from two accredited investors at $5.45/share
Charles Jeong commits $4.5M for 825,688 shares; payments due Oct 20, Oct 30, Nov 14, Dec 24, 2025.
Reborn Coffee stockholders elect all 7 directors and ratify auditor at annual meeting
Quorum of 69.13% (4,125,412 of 5,967,107 shares) present.
CFO Stephan Kim resigns; CEO Jay Kim to serve as interim CFO
Stephan Kim resigned as CFO effective October 31, 2025; resignation not due to any disagreement with the company.
Two directors resign; three new directors appointed to Reborn Coffee board
Sehan Kim and Jennifer Tan resigned effective Oct 1; no disagreement over operations/policies.
Reborn Coffee issues $833K convertible debenture with 10% OID, warrants, and incentive shares
Fourth tranche of $10M SPA closed; $833,333 principal purchased for $750,000 (10% OID).
Total license fee $1.7M; 10% ($170K) due upfront, remaining 90% in three equal 30% installments on 1st, 2nd, 3rd anniversaries.
Reborn Coffee receives Nasdaq deficiency notice for equity below $2.5M minimum
Stockholders' equity was $415,582 as of March 31, 2025, below Nasdaq's $2.5M minimum (Listing Rule 5550(b)(1)).
Reborn Coffee closes $1.5M third tranche of secured debentures, amends redemption terms
Third closing: issued $1,666,667 principal debentures for $1,500,000 (10% OID) plus 91,076 warrants to Arena Investors.
Reborn Coffee terminates share purchase agreement with Bbang Ssaem Bakery
On March 14, 2025, Reborn Coffee and Bbang Ssaem Co. Ltd. agreed to rescind the November 6, 2024 share purchase agreement.
Reborn Coffee closes $1.11M second tranche of convertible debenture offering
Issued $1,111,111 principal amount of 10% OID convertible debentures for $1,000,000 cash.
Reborn Coffee raises $500K via convertible debentures, secures up to $50M ELOC
Issued $555,555 principal of 10% OID secured convertible debentures for $500,000; conversion at 92.5% of 5-day VWAP.
Reborn Coffee terminates $5M Standby Equity Purchase Agreement with Yorkville
Terminated SEPA with YA II PN, Ltd. effective Feb 12, 2025; company exercised unilateral termination right.
Reborn Coffee issues $121.9K convertible note with 14% OID and 75% conversion discount
Issued a $121,900 promissory note to 1800 Diagonal Lending LLC at a $106,000 purchase price (14% original issue discount).
Reborn Coffee acquires 58% stake in S. Korean bakery chain Bbang Ssaem for $1M
Acquired 166,000 shares for $1M: $200K cash by Dec 31, 2024; $800K in stock at Jan 31, 2025 VWAP.
Reborn Coffee stockholders elect directors, ratify auditor, approve share issuance
Six directors elected: Farooq M. Arjomand, Jay Kim, Dennis R. Egidi, Sehan Kim, Andy Nasim, Jennifer Tan; each with over 1.48M votes for.
Reborn Coffee sets 2024 annual meeting for Oct 24; deadline for proposals Sept 20
2024 annual meeting scheduled for October 24, 2024; record date set as September 23, 2024.
Reborn Coffee raises $1.6M via equity placement and $500K convertible note at $3.36/share
Private placement sold 381,819 shares at $2.75-$3.00 for ~$1.1M in gross proceeds.
Reborn Coffee receives Nasdaq delisting notice for late 10-Q filing; intends to appeal
Received Staff letter on June 21, 2024 for failure to file Form 10-Q for quarter ended March 31, 2024.
Reborn Coffee issues $800K convertible note and warrant to EF Hutton YA Fund; net $720K
Net proceeds of $720,000 after 10% original issue discount and $36K advisory fee to EF Hutton LLC.
Reborn Coffee dismisses BF Borgers as auditor after SEC bar; shareholders approve share issuances
Audit Committee dismissed BF Borgers on May 7 after SEC permanently barred the firm from practicing before it.
Reborn Coffee dismisses auditor BF Borgers after SEC bars the firm
BF Borgers dismissed as independent auditor on May 7, 2024, with Audit Committee approval.
Reborn Coffee estimates $3.92M equity, expects to comply with Nasdaq $2.5M rule
All six director nominees elected with >99% of votes cast; BF Borgers ratified as auditor.
Reborn Coffee FY2023 revenue up 84% to $6.0M; net loss widens to $4.0M
FY2023 revenue $6.0M (+84% YoY); Q4'23 revenue $1.8M (+109% YoY).
Reborn Coffee closes $1M private placement with accredited investor Scott Lee
Issued 444,445 shares at $2.25/share for gross proceeds of $1M.
Reborn Coffee enters $1.1M pre-paid advance and $5M standby equity facility
Pre-paid advance of $1,100,000 from EF Hutton YA Fund at 90% of face (net $990k); floor price $0.46.
Nasdaq grants Reborn Coffee extension to stay listed through March 29, 2024
Company had deficiencies in bid price, equity, and annual meeting requirements.
Reborn Coffee announces 1-for-8 reverse split and $1M private placement from Chairman
Reverse stock split at 1-for-8 ratio; post-split shares ~2.7M; trading begins Jan 22, 2024 under symbol REBN.
Reborn Coffee secures $1M from Chairman, 1-for-8 reverse split, KIB MOU reduced to $2M
Chairman Farooq Arjomand invests $1M via 1,666,667 shares at $0.60/share in private placement for working capital.
Received Nasdaq letter on Jan 4, 2024 citing failure to hold 2023 annual meeting as additional basis for delisting consideration.
Reborn Coffee exchanges $1M loan note for 1,666,667 shares at $0.60/share
Exchange with DRE, Inc. (controlled by Vice Chairman Dennis Egidi) eliminates $1,000,000 outstanding balance including interest.
Reborn Coffee shareholders approve reverse stock split up to 1-for-20
Special meeting on Nov 6, 2023: 7,556,062 For, 92,310 Against, 7,608 Abstain.
Reborn Coffee receives Nasdaq delisting notice for bid price and equity non-compliance
Nasdaq scheduled delisting effective Nov 6, 2023; suspension at open of business that day.
Andy Nasim appointed director July 24; Dennis Egidi resigns from committees
Dennis Egidi resigned from audit and compensation committees due to no longer meeting SEC/Nasdaq independence requirements.
Reborn Coffee appoints Jennifer Tan to Board; expands board to six members
Appointed Jennifer Tan, CEO of Hawaii Volcano Tea LP, to the Board on October 12, 2023.
Reborn Coffee receives Nasdaq notice for equity below $2.5M minimum, faces delisting risk
Stockholders' equity $2,278,723 at June 30, 2023, below Nasdaq's $2.5M minimum requirement.
Reborn Coffee enters $1M credit facility, appoints Andy Nasim to board
$1.0M credit facility from DRE Inc.; interest prime + 1% (floor 8%), matures May 31, 2025.
Reborn Coffee receives Nasdaq bid price deficiency; must cure by Oct 25, 2023
Received Nasdaq notice on Apr 28, 2023 for bid price below $1.00 for 32 consecutive business days.
Reborn Coffee independent director Hannah Goh resigns effective immediately
Director Hannah Goh resigned from the board on January 10, 2023, effective immediately.
Reborn Coffee Q3 revenue up 22% to $0.8M; net loss narrows to $0.9M
Revenue $0.8M in Q3 2022 vs $0.7M in Q3 2021 (+22%); nine-month revenue $2.4M (+52% YoY).
Jung Jae Lim, who has served as Co-Chief Executive Officer of the Company since March 2026, has assumed full responsibilities as Chief Executive Officer.
On June 15, 2026, the Board appointed Mr. Lim to serve as interim Chief Financial Officer and Principal Accounting Officer of the Company.
On June 4, 2026, Jay Kim notified the Board of his resignation as Co-Chief Executive Officer, Chief Financial Officer, Director, and from all other positions, offices, directorships, committee memberships, and responsibilities that he holds in the Company and each of its subsidiaries and affiliates.
On June 4, 2026, Jay Kim notified the Board of Directors (the “Board”) of Reborn Coffee, Inc. (the “Company”) of his resignation as Co-Chief Executive Officer of the Company and the Board accepted the resignation, effective immediately.
Chief Executive Officer Jung Jae Lim, who has served as Co-Chief Executive Officer of the Company since March 2026, has assumed full responsibilities as Chief Executive Officer.
The Board has also appointed Andy Nasim as a director of the Company, effective July 24, 2023, to fill the vacancy created by Hannah Goh’s resignation, with a term expiring at our annual meeting of stockholders in 2023 or until his successor is duly elected and qualified or until his earlier death, resignation, retirement, disqualification, removal from office or other cause.
On October 12, 2023, the Board appointed Jennifer Tan to fill the vacancy on the Board created by the increase in Board size.
On July 13, 2023, the Board appointed Andy Nasim as a director of the Company, effective immediately
On January 10, 2023, the Board of Directors of Reborn Coffee, Inc., a Delaware corporation (the “Company”) accepted the formal resignation of independent director Hannah Goh, effective immediately.
Max materiality 0.90 · Median 0.60 · Most common event other_material