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Reborn Coffee, Inc. - REBN STOCK NEWS

Welcome to our dedicated page for Reborn Coffee news (Ticker: REBN), a resource for investors and traders seeking the latest updates and insights on Reborn Coffee stock.

Reborn Coffee, Inc. (NASDAQ: REBN) is a specialty coffee roaster and retailer based in Orange County, California, celebrated for its award-winning products and innovative processes. Recognized as America's Best Cold Brew for two consecutive years, Reborn Coffee stands out for its unique approach to sourcing and processing coffee beans, ensuring the highest quality and sustainability.

What We Do
Reborn Coffee operates and franchises retail locations and kiosks that specialize in serving expertly roasted coffee, along with water and other beverages. The company combines traditional brewing techniques with modern technology to continually enhance the coffee experience for its customers.

Patented Reborn Wash Process
One of the key differentiators of Reborn Coffee is its patented 'Reborn Wash Process.' Unlike conventional methods where coffee beans are washed once before roasting, Reborn Coffee employs a technique that mimics the beans' natural environment, accelerating germination and enriching the beans' natural flavors.

Partnerships and Achievements
Reborn Coffee has forged significant partnerships, including a collaboration with Oh My Green to expand its reach. The company is well-positioned for dramatic growth in both the retail and consumer packaged goods sectors. It also boasts robust infrastructure for quality sourcing, research and development, and retail operations.

Recent Developments
Recent investments, including financial backing from Chairman Farooq Arjomand, have bolstered confidence in Reborn Coffee's strategic direction. Key initiatives include:

  • Nationwide Offering: Celebrating Valentine's and Coffee to enhance online presence.
  • Reborn Pet Social Cafe: Launching high-margin pet products for pet owners.
  • U.S. and International Expansion: Plans for new store openings and product introductions.
  • Expansion into China: Through a partnership with IAID Co., Ltd., setting a new era for global specialty coffee.
  • Global Distribution: Strategic acquisitions to distribute Reborn products worldwide, focusing on high standards of food safety and innovation.

Reborn Coffee's commitment to quality and innovation positions it as a leader in the specialty coffee market. The company continues to attract investment and expand its footprint globally, offering a truly exceptional coffee experience.

News

Reborn Coffee Reports Fiscal Year 2023 Financial Results

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Reborn Coffee, Inc. (REBN) reported an impressive 84% increase in FY 2023 revenue to $6.0 million, with Q4'23 revenue up 109% to $1.8 million. Gross profit surged by 93% to $1.9 million. The company ended FY'23 with 14 open locations and saw a 79% increase in company-operated store sales.
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Reborn Coffee Closes $1.0 Million Private Placement Equity Investment from Accredited Investor

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Reborn Coffee, Inc. secures a $1.0 million private placement investment from Mr. Scott Lee for store expansion and product introductions. The investment aims to enhance the company's presence in the U.S. and international markets by infusing K-pop culture into the coffee industry.
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Reborn Coffee Partners with Pet Fashion Brand Sgt. Puppa to Offer Pet Attire and Accessories at Pet Social Cafe

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Reborn Coffee, Inc. (NASDAQ: REBN) partners with Sgt. Puppa to offer pet fashion at the upcoming Reborn Pet Social Cafe in Pasadena, CA. The partnership aims to attract a wide customer base, drive sales growth, and enhance brand loyalty through a unique blend of products.
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Reborn Coffee Partners with TOUS les JOURS Bakery for Distribution of a Valentine's Day Specialty Coffee Blend

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Reborn Coffee, Inc. (NASDAQ: REBN) has announced a special distribution partnership with TOUS les JOURS, a French-Asian bakery café chain, to bring an exclusive Valentine's Day coffee blend to TOUS les JOURS’ Cerritos, California flagship location and through ecommerce. The partnership aims to enhance coffee experiences for TOUS les JOURS consumers and expand Reborn Coffee's online presence, with the special blend available for a limited time in-store and online. Reborn Coffee's CEO, Jay Kim, highlighted the collaboration as an effective cross-selling program and emphasized the company's solidified presence in the ecommerce space, demonstrating remarkable growth and reach through leading online platforms.
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Reborn Coffee Closes $1 Million Private Placement Equity Investment from Chairman Farooq Arjomand

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Reborn Coffee, Inc. (NASDAQ: REBN) has closed a $1 million private placement investment from its Chairman, Farooq Arjomand, resulting in the issuance of 1,666,667 shares of common stock at a purchase price of $0.60 per share. The company plans to use the proceeds for working capital and general corporate purposes, aiming to solidify its position as a leader in the coffee industry and expand internationally, particularly in Southeast Asia. This investment reflects the Chairman's confidence in Reborn Coffee's mission and vision for the future, as stated by the CEO, Jay Kim.
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Reborn Coffee to Conduct 1-for-8 Reverse Stock Split

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Reborn Coffee, Inc. (NASDAQ: REBN) announced a 1-for-8 reverse stock split to regain compliance with the Minimum Bid Price Requirement of $1.00 per share to maintain listing on The Nasdaq Capital Market. The split reduces outstanding shares from 21,596,460 to approximately 2,699,558 shares, with adjustments to equity awards and warrants. The reverse split aims to benefit the company and its shareholders.
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Reborn Coffee Secures $1 Million Private Placement Equity Commitment from Chairman Farooq Arjomand, Catalyzing International Growth Initiatives

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Reborn Coffee, Inc. (NASDAQ: REBN) receives a substantial investment commitment from its Chairman, Farooq Arjomand, signaling strong confidence in the company's international expansion. The investment follows the opening of Reborn's flagship store in Malaysia and precedes its planned expansion into other vibrant markets, including Dubai. Chairman Arjomand's commitment reflects his belief in the company's mission and vision for the future, as well as his confidence in the team and strategy.
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Reborn Coffee Announces Grand Opening of Flagship Store in Kuala Lumpur, Malaysia

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Reborn Coffee, Inc. (NASDAQ: REBN) announced the grand opening of a new flagship store under the newly incorporated Reborn Coffee Malaysia at the Exchange TRX mall in Kuala Lumpur, Malaysia. The location is set to become one of Asia’s leading lifestyle hubs, and the flagship store will be adjacent to global brands like Apple and Shake Shack. The expansion into Southeast Asia aligns with the company's global expansion initiatives and is anticipated to significantly augment revenue streams. Reborn Coffee also plans to partner with specialty coffee farms in Southeast Asia to deliver exceptional quality through sustainable and ethical sourcing.
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Reborn Coffee Announces Conversion of $1.0 Million of Outstanding Debt into Common Equity

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Reborn Coffee Inc. (Nasdaq: REBN) announced the conversion of $1.0 million of outstanding debt held by the Company’s Vice Chairman of the Board of Directors, Dennis Egidi, into common equity. This move reflects a significant vote of confidence in the company's future direction and reduces its debt by $1.0 million. The conversion rate of $0.60 per share also reflects a positive outlook for Reborn’s stock and operations.
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Reborn Coffee and KIB Plug Energy Korea Sign MOU for $5 Million Investment

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Reborn Coffee Inc (REBN) announced a strategic investment of $5 million from KIB Plug Energy Korea to combine premium coffee services with electric vehicle charging stations, marking a significant advancement in sustainable practices and everyday consumer needs.
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FAQ

What is the current stock price of Reborn Coffee (REBN)?

The current stock price of Reborn Coffee (REBN) is $1.42 as of November 22, 2024.

What is the market cap of Reborn Coffee (REBN)?

The market cap of Reborn Coffee (REBN) is approximately 5.2M.

What is Reborn Coffee’s unique process?

Reborn Coffee uses a patented 'Reborn Wash Process' which mimics the beans' natural environment, enriching their flavors.

Where is Reborn Coffee based?

Reborn Coffee is based in Orange County, California.

What awards has Reborn Coffee won?

Reborn Coffee won America's Best Cold Brew award for two consecutive years.

What recent partnerships has Reborn Coffee entered?

Reborn Coffee has partnered with Oh My Green and IAID Co., Ltd. for expansion into China.

What are some of Reborn Coffee's recent projects?

Recent projects include the Reborn Pet Social Cafe and nationwide offerings for Valentine's Day.

What products does Reborn Coffee offer?

Reborn Coffee offers specialty-roasted coffee, water, and other beverages through retail locations and kiosks.

What is the focus of Reborn Coffee’s recent strategic acquisition?

The strategic acquisition focuses on global distribution and maintaining high standards of food safety and innovation.

How is Reborn Coffee expanding internationally?

Reborn Coffee is expanding internationally with plans for over 70 new locations in Guangdong Province and further expansion into Southeast Asia.

Who can I contact for investor-related queries?

For investor-related queries, contact Chris Tyson, Executive Vice President at MZ North America.

How does Reborn Coffee ensure the quality of its beans?

Reborn Coffee ensures quality through its sustainable sourcing methods and its unique 'Reborn Wash Process'.

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Reborn Coffee, Inc.

Nasdaq:REBN

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REBN Stock Data

5.22M
2.07M
45.64%
1.9%
1.07%
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