Reborn Coffee Inc., a Delaware-based corporation, has announced receiving a notification letter from Nasdaq Listing Qualifications Staff, indicating that the company has fallen below the required minimum stockholders' equity of $2.5 million for continued listing on the Nasdaq Stock Market. As of March 31, 2025, Reborn Coffee's stockholders' equity was reported at $415,582. The company now has until July 13, 2025, to submit a compliance plan to Nasdaq. If accepted, Nasdaq may grant an extension until November 25, 2025, to meet the equity requirements. Failure to submit an acceptable plan or regain compliance could lead to delisting, though Reborn Coffee may appeal such a decision. The company is actively monitoring its financial situation and considering options to address this issue.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.