
Loan & DebtApr 21, 2026, 05:32 PM
Reborn Coffee Amends Debt Forbearance, Sets New Repayment Plan
AI Summary
Reborn Coffee, Inc. entered into an Amended and Restated Forbearance Agreement with Arena Investors on April 15, 2026. This agreement amends the previous forbearance agreement from March 31, 2026, and restructures the repayment plan for the outstanding 10% Original Issue Discount Secured Convertible Debentures. The company committed to an initial payment of $400,000 to Arena Investors and $25,000 for legal expenses by April 30, 2026, followed by monthly payments of $400,000 starting May 30, 2026.
Key Highlights
- Reborn Coffee entered an Amended and Restated Forbearance Agreement on April 15, 2026.
- Company to pay $400,000 to Arena Investors by April 30, 2026.
- Company to pay $25,000 to Arena Investors' counsel by April 30, 2026.
- Monthly payments of $400,000 to Arena Investors begin May 30, 2026.
- Agreement amends and restates the repayment plan for 10% Secured Convertible Debentures.
Price Impact
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