Reborn Coffee Closes Acquisition of 58% Stake in South Korea’s Bbang Ssaem Bakery
Reborn Coffee, Inc. (REBN)
Company Research
Source: GlobeNewswire
Strategic Acquisition Bringing Reborn Coffee’s High-End Café Concept Together with Bbang Ssaem’s Bakery Expertise to Drive Revenue and Growth BREA, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee, Inc. (NASDAQ: REBN), a premier specialty coffee retailer, is pleased to announce the successful acquisition of a 58% stake in Bbang Ssaem Bakery, a leading bakery chain with 31 locations across South Korea. This acquisition follows the previously signed MOU between the two companies, solidifying Reborn Coffee’s commitment to expanding its offerings and establishing a strong presence in the bakery sector. Bbang Ssaem's established presence in the Korean market, combined with Reborn Coffee's specialty coffee expertise, creates a unique opportunity to enhance brand strength. This acquisition also serves as a launchpad for Reborn Coffee’s entry into the South Korean franchise market, delivering premium coffee and bakery experiences to new locations through a scalable and accessib
Show less
Read more
Impact Snapshot
Event Time:
REBN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
REBN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
REBN alerts
High impacting Reborn Coffee, Inc. news events
Weekly update
A roundup of the hottest topics
REBN
News
- Reborn Coffee and Finlays Unveil Limited-Edition RTD Cold Brew Line During Art Basel Miami Beach 2024 [Yahoo! Finance]Yahoo! Finance
- Reborn Coffee and Finlays Unveil Limited-Edition RTD Cold Brew Line During Art Basel Miami Beach 2024GlobeNewswire
- Reborn Coffee to Produce 4th Wave Cold Brew with New Design in Collaboration with Global Partners [Yahoo! Finance]Yahoo! Finance
- Reborn Coffee to Produce 4th Wave Cold Brew with New Design in Collaboration with Global PartnersGlobeNewswire
- Reborn Coffee Provides Third Quarter 2024 Corporate Update and Financial Results [Yahoo! Finance]Yahoo! Finance
REBN
Sec Filings
- 11/19/24 - Form 10-Q
- 11/15/24 - Form NT
- 11/12/24 - Form S-1
- REBN's page on the SEC website