Reborn Coffee shares surge 11.95% intraday after regaining Nasdaq compliance with equity requirements.

Reborn Coffee surged 11.95% intraday after confirming it has regained compliance with Nasdaq’s minimum stockholders’ equity requirement, ensuring its continued listing on the exchange. The company received notice from Nasdaq that it now meets all continued listing standards, leading to the cancellation of a previously scheduled delisting hearing. This resolution alleviated investor concerns over potential delisting risks, which had previously pressured the stock. The announcement also highlighted broader strategic progress, including a $6.5 million equity investment and global expansion initiatives, further reinforcing market confidence in the company’s stability and growth prospects.