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An announcement from Reborn Coffee, Inc. ( (REBN) ) is now available.
Reborn Coffee, Inc. has announced the issuance of October and November Shares, which have not been registered under the Securities Act. These shares are being issued in reliance on an exemption from registration requirements provided by Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D. This move does not constitute an offer to sell or buy these securities in the United States without proper registration or applicable exemptions, and the shares will carry a legend indicating this restriction.
The most recent analyst rating on (REBN) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Reborn Coffee, Inc. stock, see the REBN Stock Forecast page.
Spark’s Take on REBN Stock
According to Spark, TipRanks’ AI Analyst, REBN is a Underperform.
Reborn Coffee, Inc. is facing significant financial difficulties, with high leverage and negative profitability impacting its financial performance score. The technical analysis indicates a bearish trend, further weighing down the stock’s attractiveness. The valuation is also poor due to negative earnings and lack of dividends. These factors collectively result in a low overall stock score.
To see Spark’s full report on REBN stock, click here.
More about Reborn Coffee, Inc.
Average Trading Volume: 71,509
Technical Sentiment Signal: Sell
Current Market Cap: $9.56M
Find detailed analytics on REBN stock on TipRanks’ Stock Analysis page.