BREA, Calif., USA – Reborn Coffee Inc. has announced an investment of $500,000 through a convertible note issued to Quen Inno Tech Co., Ltd. The convertible note is convertible into shares of common stock at a price equal to $3.36 per share.
The convertible note accrues interest at an annual rate of 0%; however, the interest rate will increase to an annual rate of 10% upon the occurrence of an event of default.
This strategic investment highlights the growing confidence in Reborn Coffee’s business model and future growth prospects. The investment by Quen Inno Tech Co., Ltd. is a strong vote of confidence for the company’s vision and operational strength.
Jay Kim, Chief Executive Officer of Reborn Coffee, commented, “This investment further strengthens our capital structure and supports our ongoing expansion efforts both domestically and internationally. The conversion rate of $3.36 per share reflects a favorable outlook for Reborn Coffee and the promising trajectory of our business.”
About Reborn Coffee
The company is focused on serving high quality, specialty-roasted coffee at retail locations, kiosks, and cafes. Reborn is an innovative company that strives for constant improvement in the coffee experience through exploration of new technology and premier service, guided by traditional brewing techniques. Theybelieves they differentiate themselves from other coffee roasters through innovative techniques, including sourcing, washing, roasting, and brewing their coffee beans with a balance of precision and craft.
