Recent Updates — REBN
Reborn Coffee entered a Master Product Supply Agreement with Visvita Corporation to sell aloe vera and other beverage products on a non-exclusive basis. The parties aim for a minimum business volume of $30 million in the first contract year, supported by an initial $2 million purchase order already secured. Reborn Coffee will manage logistics via its subsidiary, Reborn Logistics, while retaining pricing discretion and margin control. Visvita handles regulatory compliance. This agreement converts a framework into contracted volume for the specialty coffee retailer.
Reborn Coffee, Inc. received a notice from Nasdaq on September 16, 2026, indicating it no longer complies with the minimum stockholders’ equity requirement for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5550(b)(1) mandates a minimum equity of $2,500,000, whereas the company reported stockholders’ equity of only $735,642 in its June 30, 2026 Form 10-Q. The company also fails alternative compliance standards regarding market value or net income. Reborn Coffee has until November 2, 2026, to submit a plan to regain compliance and may request an extension of up to 180 days. While the notice has no immediate effect on trading, there is no assurance that Nasdaq will accept the company's plan or that the company can successfully restore compliance. Reborn Coffee operates in the food and beverage industry, specifically owning and operating coffee shops.
Reborn Coffee, Inc. received a notice from Nasdaq on August 27, 2026, stating it no longer complies with Listing Rule 5250(c)(1) because it has not yet filed its Quarterly Report on Form 10-Q for the period ended June 30, 2026. The company has 60 calendar days to submit a compliance plan and may receive an extension of up to 180 days from the filing due date, potentially until February 16, 2027. If Nasdaq rejects the plan, Reborn Coffee can appeal to a Hearings Panel. The notice has no immediate effect on the listing of its Common Stock, though there is no assurance that the company will regain compliance or meet continued listing requirements during any granted period. Reborn Coffee operates in the specialty coffee retail industry.
Reborn Coffee, Inc. entered into an Agricultural Import and Supply Agreement with The Mighty Oak, Inc., establishing terms for importing, purchasing, storing, and supplying agricultural products to the U.S. market. The agreement guarantees a minimum annual supply volume of $20,000,000, with shortfalls potentially carried over to subsequent years by mutual consent. The contract has an initial two-year term starting August 10, 2026, with automatic one-year renewals unless terminated with 60 days' notice. Reborn Coffee operates in the agricultural import and supply industry.
On June 4, 2026, Jay Kim resigned as Co-Chief Executive Officer, Chief Financial Officer, Director, and from all other positions and committee memberships within Reborn Coffee, Inc. and its subsidiaries. Consequently, Jung Jae Lim, who had been Co-CEO since March 2026, assumed full responsibilities as Chief Executive Officer. On June 15, 2026, the Board appointed Jung Jae Lim as interim Chief Financial Officer and Principal Accounting Officer. The company operates in the beverage industry and manages coffee-related retail and product operations.