Reborn Coffee, Inc. announced that it has entered into a securities subscription agreement to issue 1,666,667 common shares, par value $0.0001 per share at a purchase price of $0.60 per share, for the gross proceeds of $1,000,000.2 on January 10, 2024. The transaction will include participation from new individual investor Farooq Arjomand. The company issued the Common Stock in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act and Rule 501(a) of Regulation D under the Securities Act of 1933, as amended.