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 California-based specialty coffee retailer focused on high-quality, handcrafted coffee experiences and a technology-enabled retail model. The REBN news page on Stock Titan aggregates company-specific headlines and disclosures so readers can follow how this specialty coffee brand is evolving across operations, technology, and global markets.
News about Reborn Coffee often highlights its specialty coffee retail operations, international licensing agreements, and efforts to build a scalable global brand. Recent announcements have covered equity financings that the company states have strengthened its stockholders’ equity position, updates on Nasdaq Capital Market listing compliance, and shareholder communications outlining its strategy and capital structure.
Investors and followers of REBN can also expect coverage of technology initiatives, such as Reborn Coffee’s integrated omni-channel operating platform and its exploratory digital asset strategy. The company has issued releases on a planned pilot of cryptocurrency payment capabilities at select Southern California stores, a planned in-store digital asset ATM operated by a licensed third party, and a strategic review of regulated digital asset use in treasury management.
International growth is another recurring theme in Reborn Coffee news. The company has announced exclusive licensing agreements in South Korea and mainland China, as well as a licensing agreement with Arjomand Group LLC that includes a flagship store in the United Arab Emirates and potential expansion into hospitality institutions in the Middle East and Europe. Updates on its Reborn Logistics subsidiary, advisory board formation, and governance changes also appear in its news flow.
By monitoring this REBN news feed, readers can track material events disclosed in Form 8-K filings, licensing milestones, financing transactions, and strategic initiatives that shape Reborn Coffee’s development as a specialty coffee and retail trade company.
Reborn Coffee, Inc. (NASDAQ: REBN) reported Q3 2022 financial results with revenues of $0.8 million, a 22% increase from $0.7 million in Q3 2021. For the nine-month period, revenues surged 52% to $2.4 million compared to $1.6 million in 2021. The company plans to open five new retail locations in Southern California, aiming for a total of 14 stores. After an IPO that raised $6.2 million, Reborn is set to expand into B2B markets with new products. Despite a net loss of $0.9 million in Q3 2022, cash reserves improved to $4.7 million.
Reborn Coffee, Inc. (NASDAQ: REBN) will participate in the LD Micro Main Event XV Conference from October 25-27, 2022, at the Luxe Sunset Boulevard Hotel in Los Angeles, CA. CEO Jay Kim and CFO Stephan Kim will hold one-on-one meetings and present on October 26 at 11:30 am PT (2:30 pm ET) in TRACK 4. The presentation will be webcast live and available for replay on the Reborn investor relations website. Interested parties can contact the conference representative for meeting arrangements.
Reborn Coffee (NASDAQ: REBN) announced plans to open five new retail locations in Southern California, expanding its footprint to fourteen stores. New locations include Cabazon, Huntington Beach, and Irvine in late 2022, with Mission Viejo opening in early 2023. These strategic placements focus on high-traffic shopping areas to enhance customer experience and loyalty. Supported by recent IPO capital, the company aims to increase sales and expand its market share while emphasizing innovation and quality in coffee offerings.
Reborn Coffee (NASDAQ: REBN) completed a $7.2 million initial public offering in Q3 2022, raising $6.2 million in net proceeds. Revenue surged 63% to $0.8 million in Q2 2022, driven by new retail locations and strong customer demand. The company plans to develop four additional retail locations in Southern California, expanding its footprint and enhancing shareholder value. However, total operating costs increased by 115%, leading to a net loss of $0.9 million. The company anticipates sufficient cash to support operations into 2023 and is committed to further expanding its retail presence.
Reborn Coffee, Inc. (Nasdaq: REBN) announced the closure of its upsized initial public offering (IPO) of 1,440,000 shares at $5.00 per share, generating approximately $7.2 million in gross proceeds. Additionally, underwriters received a 45-day option to purchase 216,000 additional shares to cover over-allotments. The proceeds will be used to open new retail locations and develop a franchise program. Trading for REBN began on August 12, 2022. EF Hutton acted as the sole book-running manager for the offering.
Reborn Coffee, Inc. (Nasdaq: REBN) announced the pricing of its upsized IPO, offering 1,440,000 shares at $5.00 each, aiming for gross proceeds of approximately $7.2 million. An additional option for underwriters to purchase 216,000 shares is included. Trading is set to commence on August 12, 2022, with the transaction expected to close around August 16, 2022. Proceeds will be utilized for opening new retail locations, developing a franchise program, and general corporate needs. EF Hutton is the sole book-running manager for the offering.