Reborn Coffee, Inc. (NASDAQ: REBN) has received a formal notice from Nasdaq Listing Qualifications notifying the company that it no longer complies with continued listing requirements.
The notification, dated August 27, 2026, was issued because the company has not yet filed its Quarterly Report on Form 10-Q for the period ended June 30, 2026. This failure to file means Reborn Coffee is no longer in compliance with Nasdaq Listing Rule 5250(c)(1).
Under Nasdaq procedures, the company has 60 calendar days to submit a plan to regain compliance. If Nasdaq accepts this plan, the exchange may grant the company an extension of up to 180 calendar days from the prescribed due date to file the report. This extension would allow the company until February 16, 2027, to regain compliance.
The notice does not have an immediate effect on the listing of the company’s Common Stock. Reborn Coffee intends to take the necessary steps to regain compliance as soon as practicable. However, the company cautions that there is no assurance that the Form 10-Q will be filed within a required timeframe, that Nasdaq will accept the compliance plan, or that the company will be able to meet the continued listing requirements during any granted compliance period.
In a press release dated September 2, 2026, the company highlighted that it is a California-based specialty coffee retailer. The release also noted that the company has recurring net losses, as indicated in an explanatory paragraph in the independent registered public accounting firm's audit report, which raises risks regarding the company's ability to continue as a going concern.
