Reborn Coffee seeks approval for private placement of up to 10.5 million shares
REBN•Private placement could raise up to $21 million
Reborn Coffee said shareholders authorized a private placement of up to 10,500,000 common shares at $2 per share, implying potential gross proceeds of up to $21 million.
The financing is structured for multiple closings. The company outlined an initial sale of up to 1,400,000 shares for $2.8 million, followed by up to 9,100,000 shares for $18.2 million.
Dilution could be significant if the full offering closes
Reborn Coffee said it had 8,213,455 common shares outstanding as of June 18, 2026. If the entire issuance is completed, the offering would materially increase the share count.
Director Dennis R. Egidi indicated plans to buy 250,000 shares for $500,000 on the same terms as other investors.
