Reborn Coffee to Conduct 1-for-8 Reverse Stock Split
BREA, Calif., Jan. 17, 2024 (GLOBE NEWSWIRE) — Reborn Coffee, Inc. (NASDAQ:REBN) (“Reborn”, or the “Company”), a California-based retailer of specialty coffee, today announced that it will conduct a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-8. The Company’s common stock will begin trading on a post-split basis at the market open on January 22, 2024, under the Company’s existing trading symbol “REBN.” The reverse stock split is part of the Company’s plan to regain compliance with the Minimum Bid Price Requirement of $1.00 per share required to maintain continued listing on The Nasdaq Capital Market, among other benefits.
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