Sign In  |  Register  |  About Walnut Creek Guide  |  Contact Us

Walnut Creek, CA
September 01, 2020 1:43pm
7-Day Forecast | Traffic
  • Search Hotels in Walnut Creek Guide

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

InvestorNewsBreaks – Reborn Coffee Inc. (NASDAQ: REBN) Announces $7.2M Public Offering Closing

Reborn Coffee (NASDAQ: REBN), a California-based retailer of specialty coffee, has closed on its previously announced upsized initial public offering; the offering was comprised of 1,440,000 shares of REBN common stock at $5per share. According to the announcement, the offering resulted in aggregate gross proceeds of approximately $7.2 million before underwriting discounts, commissions and other offering expenses are deducted. The announcement also stated that Reborn has granted the underwriters a 45-day option to purchase up to 216,000 additional shares of common stock; those shares will be available at the public offering price minus the underwriting discounts and commissions to cover any overallotments. Reborn anticipates using the net proceeds from the offering to open new retail locations as well as develop a franchise program; funds may also be used for general corporate purposes.

To view the full press release, visit https://ibn.fm/8G4ah

About Reborn Coffee Inc.

Reborn Coffee 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. Reborn believes it can differentiate itself from other coffee roasters through innovative techniques, including sourcing, washing, roasting and brewing its coffee beans with a balance of precision and craft. For more information, please visit www.RebornCoffee.com.

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 WalnutCreekGuide.com & California Media Partners, LLC. All rights reserved.