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Arena Investors and related entities have reported a significant 9.5% ownership stake in Reborn Coffee, acquiring 505,518 shares of common stock. This Schedule 13G filing details the ownership structure through three reporting entities:
- Arena Investors LP (Investment Manager)
- Arena Investors GP LLC (General Partner)
- Arena Business Solutions Global SPC II LTD (Direct Owner)
The stake was calculated based on 5,303,306 total outstanding shares as of May 12, 2025. Each reporting entity maintains sole voting and dispositive power over the shares. The filing indicates the securities were not acquired to influence or change control of Reborn Coffee. The investment appears to be passive in nature, with Arena's principal business office located in Purchase, New York.