Reborn Coffee, Inc. Announces Closing of Upsized $7.2 Million Initial Public Offering

Brea, California, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Reborn Coffee, Inc. (Nasdaq: REBN) (Reborn, or the Company), a California-based retailer of specialty coffee, today announced the closing of its previously announced upsized initial public offering of 1,440,000 shares of its common stock at a public offering price of $5.00 per share, for aggregate gross proceeds of approximately $7.2 million before deducting underwriting discounts, commissions, and other offering expenses.