Reborn Coffee enters forbearance after debt default, faces $1.95M in near-term payments

Filed April 6, 2026 · Period ending March 31, 2026 · ~1 min read

Key Changes

• high

  Company defaulted on convertible debt after failing to pay debtholders 30% of proceeds from prior $6.5M equity raise. Debtholders agreed to waive defaults through March 31, 2026 in exchange for immediate cash and warrants.

  Item 1.01 verify on EDGAR →
• high

  Must pay $1.06M by April 6 and $400K by April 20, then $500K monthly starting May until debt is paid or converted. These mandatory payments will significantly strain cash reserves.

  Item 1.01 verify on EDGAR →
• medium

  Issued warrants to purchase 250,000 shares at $2.00 per share to debtholders as additional forbearance consideration, representing potential dilution to existing shareholders.

  Item 3.02 verify on EDGAR →