Reborn Coffee (REBN) Completes Private Placement of Convertible Note

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Go back to Reborn Coffee (REBN) Completes Private Placement of Convertible Note

Reborn Coffee Announces Completion of Private Placement of Convertible Note

August 29, 2024 8:31 AM EDT

Strategic Investment Reflects Strong Confidence in Reborn Coffees Growth Prospects and Expands Capital Structure

BREA, Calif., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (Nasdaq: REBN) (Reborn Coffee or the Company), _a leading player in the specialty coffee industry, today announced an investment of $500,000 through a convertible note issued to Quen Inno Tech Co., Ltd. The convertible note is convertible into shares of Reborn Coffees common stock at a price equal to $3.36 per share. The convertible note accrues interest at an annual rate of 0%; however, the... More