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 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 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 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 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 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 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 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 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.
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 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 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