Reborn Coffee, Inc. announced that it has entered into a securities subscription agreement with new individual investor Scott Lee and a non-broker private placement of 444,445 common shares, par value $0.0001, at a purchase price of $2.25 per share for aggregate gross proceeds of approximately $1,000,001.25 on February 29, 2024. The securities issued are defined in Rule 501(a) of Regulation D under the Securities Act of 1933.