Reborn Coffee Announces Financing Commitments of up to $60.0 Million

Core Viewpoint - Reborn Coffee Inc. has secured up to $60 million in financing commitments to enhance its operational liquidity and support expansive growth initiatives, including flagship store openings and product innovation [1][4][3]. Financing Details - The financing structure includes a Debenture Offering of up to $10 million and an Equity Line of Credit (ELOC) of $50 million, aimed at providing working capital and supporting future growth [2][8]. - The Debenture Offering consists of 10% original issue discount secured convertible debentures, with a purchase price of up to $9 million, expected to close in four tranches [8]. - The ELOC allows Reborn Coffee to issue and sell up to $50 million in shares of common stock, providing flexibility for capital raising [8]. Strategic Growth Plans - The company plans to accelerate national expansion, focusing on flagship store openings and enhancing its retail presence, while also introducing new products to meet changing consumer demands [4][3]. - The funding is seen as a critical foundation for scaling operations and driving innovation within the specialty coffee market [3][4]. Company Overview - Reborn Coffee, Inc. specializes in high-quality, specialty-roasted coffee and aims to differentiate itself through innovative sourcing, washing, roasting, and brewing techniques [6].