India, Feb. 18 -- Shares of Reborn Coffee, Inc. (REBN) jumped over 25% on Tuesday morning after the company announced the signing of commitments for 33 new locations through a combination of area development and franchise agreements.
REBN is currently trading at $5.04, up $1.03 or 25.73%, on the Nasdaq. The stock opened its trading at $4.20 after closing Friday at $4.01. The stock has traded between $0.92 and $8.80 in the past 52-week period.
"These agreements mark a pivotal moment in Reborn Coffee's expansion," said Jay Kim, CEO of Reborn Coffee. "With our area development model, we are accelerating our footprint nationwide and internationally while ensuring strong local partnerships that will drive operational success. California remain...