Reborn Coffee, Inc. (NASDAQ:REBN) announced on Tuesday that it has received a $6.5 million equity investment.

The company said that it expects the move to help stabilize its finances and support its goal of reaching profitability in 2026.

Reborn Coffee sold nearly 1.2 million common shares at $5.45 per share, a level it described as roughly three times its recent market value.

Reborn said the capital raise, combined with year-end balance sheet actions, lifted estimated stockholders' equity to about $3.4 million as of Dec. 31. Management believes that figure restores compliance with Nasdaq's stockholders' equity requirement, though the company is still awaiting ...