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0.0261437908496732 0.0261437908496732 0.0261437908496732 -0.0326797385620915 0.0392156862745098 -0.0130718954248366 -0.0261437908496732 -0.0196078431372549
Stock impact report

Reborn Coffee Closes $1.0 Million Private Placement Equity Investment from Accredited Investor [Yahoo! Finance]

Reborn Coffee, Inc. (REBN) 
Company Research Source: Yahoo! Finance
BREA, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee, Inc. (NASDAQ: REBN) ("Reborn", or the "Company"), a California-based retailer of specialty coffee, today announced the closing of a non-brokered $1.0 million private placement investment from accredited investor, Mr. Scott Lee. At the closing, the Company issued 444,445 shares of the Company's common stock for gross proceeds of approximately $1,000,000 for a purchase price $2.25 per share. Reborn Coffee intends to use these proceeds for working capital and general corporate purposes. Mr. Scott Lee is an “accredited investor,” as defined in Rule 501(a) of Regulation D under the Securities Act of 1933. Mr. Lee is currently the CEO of Walking Slow Entertainment and boasts an impressive track record of managing numerous Korean KOSDAQ-listed companies in South Korea. His extensive experience in the business landscape is matched by a forward-thinking vision that seeks to intertwine the coffee lifestyle with K-pop culture. Show less Read more
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