Reborn Coffee Announces Completion of Private Placement of Convertible Note
JVAfee (JVA) GlobeNewswire News Room·2024-08-29 20:31

Strategic Investment Reflects Strong Confidence in Reborn Coffee’s 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 500,000throughaconvertiblenoteissuedtoQuenInnoTechCo.,Ltd.TheconvertiblenoteisconvertibleintosharesofRebornCoffeescommonstockatapriceequalto500,000 through a convertible note issued to Quen Inno Tech Co., Ltd. The convertible note is convertible into shares of Reborn Coffee’s common stock at a price equal to 3.36 per share. The con ...