Reborn Coffee, a premium coffee roaster with nine cafe stores in California, filed an amendment on Tuesday with the SEC, disclosing that it now plans to offer shares of common stock in its $17 million initial public offering. The company originally filed in December 2021 and planned to offer units containing one share of common stock and one warrant.
Reborn Coffee serves specialty-roasted coffee at retail locations, kiosks, and cafes. The company sells various products such as whole bean coffee, pour over packs, and cold brew packs, and it serves its coffee at company-owned stores through cold brew taps, espresso-made drinks, and other brew methods. Reborn Coffee currently operates nine stores throughout California, and expects to open a new location by the end of 2022.
The Brea, CA-based company was founded in 2015 and booked $3 million in sales for the 12 months ended March 31, 2022. It plans to list on the Nasdaq under the symbol REBN. EF Hutton is the sole bookrunner on the deal. No pricing terms were disclosed.
