Reborn Coffee Stock Price, News & Analysis

Reborn Coffee Inc. (Nasdaq: REBN) has announced a $500,000 investment through a convertible note issued to Quen Inno Tech Co., The note is convertible into Reborn Coffee's common stock at $3.36 per share. Key features include:

• 0% annual interest rate, increasing to 10% upon default
• Reflects strong confidence in Reborn's growth prospects
• Strengthens capital structure for expansion

CEO Jay Kim stated that this investment supports Reborn's domestic and international expansion efforts. The favorable conversion rate indicates a positive outlook for the company's future.

Reborn Coffee Inc. (Nasdaq: REBN) reported its Q2 2024 financial results, showing mixed performance. Revenue for the first half of 2024 increased 11.54% to $2.9 million, while Q2 revenue decreased 9.6% to $1.4 million due to store closures. Notably, Q2 wholesale and online sales grew 633% to $0.2 million. The company improved its store gross margins to 72.9% from 65.3% year-over-year. Reborn Coffee expanded globally through strategic partnerships in China, UAE, and Turkey. The company launched on Amazon to boost e-commerce growth and signed agreements to acquire bakery brands. Despite these initiatives, Reborn Coffee reported a net loss of $1.3 million for Q2 2024, unchanged from the previous year.

Reborn Coffee (Nasdaq: REBN) has signed a Master License Agreement with Shenyang Yongsheng Seven Stars Tourism Development Co. to expand into Liaoning Province, China. This strategic partnership will establish Reborn Coffee's premier locations in Shenyang, the capital of Liaoning, home to over 43 million people.

The collaboration aims to revolutionize the coffee culture in the region by introducing Reborn Coffee's unique specialty coffee experience. A flagship store in Shenyang will serve as a brand center and set the standard for future expansions throughout Liaoning Province and beyond. This move strengthens Reborn Coffee's position in one of the world's fastest-growing coffee markets.

Reborn Coffee Inc. (NASDAQ: REBN) has announced a strategic joint venture with China's AI company Penglai Data Store to develop master franchises in China, Hong Kong, and Macao. This partnership launches Reborn China, which will integrate cutting-edge AI technology in all store locations. The venture aims to transform the coffee industry by incorporating advanced AI features, including:

• Personalized drink and food recommendations
• AI-suggested items based on time, weather, and trends
• Self-service kiosks and mobile apps with AI capabilities
• Voice recognition technology for ordering
• AI-powered information about coffee origin and process
• Personalized rewards and offers
• Integration of HetuKV for fast AI model training and real-time recommendations

Reborn China will manage the master license agreement in Guangzhou and oversee future master region licenses across China, centralizing franchising and store development efforts.

Reborn Coffee Inc. (REBN) reported Q1 2024 financial results, showing significant growth. Revenue increased 35% to $1.5 million, while gross profit rose 51% to $1.1 million. The company ended Q1 with 11 open locations and one in development. Key highlights include:

- Signed MOU to acquire Bbang Ssaem Bakery
- Closed master licensing deal for UAE market entry
- Launched on Amazon to expand e-commerce presence
- Signed LOI to acquire 55% stake in Derin Lezzetler
- Closed $2.0 million in private placement equity investments

CEO Jay Kim emphasized the company's focus on diversifying and expanding global operations, improving store margins, and strategic expansion into new markets and channels.

Reborn Coffee (REBN) has signed a Memorandum of Understanding (MOU) to acquire Bbang Ssaem Bakery, a renowned Korean bakery brand with 31 locations in South Korea. This strategic move aims to expand Reborn's footprint in the coffee and bakery sector, enhancing its offerings in the United States and South Korea. Key aspects of the acquisition include:

1. Integration of Bbang Ssaem's retail operations and proprietary dough technology
2. Immediate upgrade of Bbang Ssaem's coffee to Reborn's proprietary roasted coffee
3. Diversification of Reborn's food and beverage categories
4. Potential positive impact on Reborn's financial health through Bbang Ssaem's strong EBITDA
5. Support for future franchise expansions across the US

The acquisition is backed by significant outside investment and is expected to elevate Reborn Coffee's market position and pave the way for new franchise opportunities.

Reborn Coffee (Nasdaq: REBN) has partnered with Hagerty Garage + Social to celebrate Hagerty's 40th anniversary in South Florida. The event, known as Hagerty Drivers Club Days, took place at K1 Speed Ft. Lauderdale and featured a Cars & Caffeine gathering and a go-karting experience. Reborn Coffee introduced a new Cold Brew blend tailored for the tropical climate, which was well-received by attendees.

The U.S. cold brew market, valued at $2.5 billion in 2023, is projected to grow to $4.5 billion by 2027. Reborn Coffee aims to capture a 10% market share in key regions like South Florida over the next three years. The company is known for its award-winning Cold Brew, which offers a smooth taste with reduced bitterness and acidity. Reborn Coffee is also planning to launch a ready-to-drink Cold Brew product in South Florida, featuring -edition artwork by local artist Mira.

Reborn Coffee (Nasdaq: REBN), a specialty coffee retailer based in California, has announced a master licensing agreement to expand into the UAE market. The partnership with Reborn UAE, led by CEO Mahmood Arjomand, plans to open over 20 stores, including a flagship location in Jumeirah, Dubai. This strategic move aims to establish a significant presence in the Middle East, with additional plans for a distribution center and roasting and warehouse facilities. The collaboration seeks to introduce Reborn Coffee's high-quality products and sustainable practices to the UAE's evolving coffee culture.

Reborn Coffee (Nasdaq: REBN), a specialty coffee retailer, announced receipt of a delisting notice from Nasdaq on June 21, 2024. The company failed to file its Form 10-Q for Q1 2024 due to delays caused by changing its independent public accounting firm from BF Borgers CPA PC to BCRG Group. Reborn Coffee has until June 28, 2024, to appeal this determination and request a stay of suspension. If the appeal is not made, trading of Reborn Coffee's stock will be suspended on July 2, 2024, and its securities will be delisted.