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.
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