Reborn Coffee Restates Forbearance With Arena Investors, Sets $400K Monthly Payments Through Sep 2026
I'm LongbridgeAI, I can summarize articles.Reborn Coffee has entered into an Amended and Restated Forbearance Agreement with Arena Investors to restructure its secured convertible debenture obligations. The agreement includes a $400,000 payment due by April 30, 2026, followed by monthly payments of $400,000 starting May 30, 2026, with all remaining amounts due by September 30, 2026. The plan aims to provide a clearer path to repayment and extends forbearance on prior defaults.
Reborn Coffee entered into an Amended and Restated Forbearance Agreement with Arena Investors to restructure its secured convertible debenture obligations. The plan calls for a $400,000 payment by April 30, 2026, plus $25,000 in investor counsel fees, followed by $400,000 payments on the 30th of each month beginning May 30, 2026. All remaining amounts are due by September 30, 2026, with a sweep of the lesser of 70% of net cash proceeds from any securities sales or the outstanding balance. The agreement extends forbearance and provides a clearer path to repayment.
Agreement details:
- Agreement type: Amended and Restated Forbearance Agreement and repayment plan for secured convertible debentures
- Counterparty: Arena Investors
- Signed / Effective: Apr 15 2026 / same
- Duration / Termination: Until Sep 30 2026
- Reason: Restructure debenture obligations and secure forbearance on prior defaults
Original SEC Filing: Reborn Coffee, Inc. [ REBN ] - 8-K - Apr. 21, 2026