- Reborn Coffee ( REBN ) priced its upsized IPO of 1.44M shares at a public offering price of $5/share for gross proceeds of ~$7.2M.
- Underwriters granted 45-day option to purchase up to an additional 216K shares.
- The shares are expected to commence trading on Nasdaq on Aug.12, 2022 under the symbol, "REBN".
- Offer is expected to close on or about Aug.16, 2022.
- Net proceeds to be used for opening new company-owned retail locations, develop a franchise program and for general corporate purposes.
- Reborn Coffee is focused on serving high quality, specialty-roasted coffee at retail locations, kiosks and cafes.
For further details see:
Reborn Coffee prices upsized $7.2M IPO