Reborn Coffee, Inc.
2.0600-0.15 (-6.77%)
Oct 29, 4:00:01 PM EDT · NasdaqCM · REBN · USD
Key Stats
Market Cap
12.29MP/E (TTM)
-Basic EPS (TTM)
-2.21Dividend Yield
0%Recent Filings
8-K
Board resignations and appointments
Reborn Coffee's board shrank then expanded on October 1, 2025, when directors Sehan Kim and Jennifer Tan resigned immediately, with no disagreements cited. The board then grew from six to seven seats, appointing Jung Jae Lim, Mi Young Jeong, and Alex Gau effective October 3—no compensation, no family ties, no related transactions. This shuffle signals fresh oversight without operational friction.
10-Q
Q2 FY2025 results
Reborn Coffee's Q2 FY2025 revenue climbed 33.6% y/y to $1.8M, driven by stores up 51.5% y/y to $1.8M, though wholesale and online dropped 86.2% y/y to $24.6K; six-month totals rose 22.0% y/y to $3.5M. Gross margin expanded 75.6% y/y to $1.4M in Q2, yet operating loss widened to $4.4M from $1.3M due to $2.7M stock compensation and higher professional fees. Net loss ballooned to $5.3M or $1.15/share from $1.3M or $0.48/share, with the gap from operating loss tied to $0.7M interest, $0.4M asset impairment, and $0.2M derivative expense. Cash dipped to $78K amid $3.2M operating outflow, offset by $2.8M from convertible notes (net $0.7M after discount); EIDL debt stands at $500K (3.75%, due 2050). Issued $3.3M principal debentures in Feb-Mar 2025 (10% OID, 18-month maturity). Competition in premium coffee squeezes margins.
8-K
Fourth debenture tranche closed
Reborn Coffee closed its fourth tranche of a convertible debenture offering with Arena Investors on July 31, 2025, issuing $833,333 in principal for $750,000 cash, plus 136,483 warrants and incentive shares worth $175,000. Proceeds will fund payroll for 2.5 months, aged store payables, investor relations, and franchise support. This bolsters liquidity amid obligations. Warrants double the usual issuance.
8-K
Reborn licenses brand abroad
Reborn Coffee inked a licensing deal on July 16, 2025, with Arjomand Group LLC—run by board chairman Farooq Arjomand—for non-exclusive use of its trademarks and brewing system in the Middle East and Europe. The pact nets Reborn $1.7 million in fees, paid 10% upfront and 30% annually over three years, while mandating a flagship UAE store open within 180 days of launch to fuel expansion into hospitality spots. Yet renewal hinges on strict compliance, like no major defaults. Deal secures upfront cash but ties brand control to oversight.
8-K
Nasdaq equity deficiency notice
Reborn Coffee received a Nasdaq delisting notice on May 29, 2025, for stockholders' equity of $415,582 as of March 31, 2025, falling short of the $2,500,000 minimum under Listing Rule 5550(b)(1). The company has until July 13 to submit a compliance plan, potentially earning an extension to November 25. No assurance exists that Reborn will regain compliance. Equity shortfall signals financial strain.
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