India, May 8 -- Shares of Reborn Coffee, Inc. (REBN) surged over 90% on Wednesday morning after the California-based retailer of specialty coffee announced a significant expansion into the China market through a strategic Master License Agreement with IAID Co., Ltd.
REBN is currently trading at $3.3000, up $1.5700 or 90.7514%, on a volume of 91.6 million shares, above average volume of 133 thousand, on the Nasdaq. The stock opened its trading at $3.0400 after closing Tuesday at $1.7300. The stock has traded between $0.9200 and $8.4800 in the past 52-week period.
The agreement will introduce a flagship location in Guangzhou #73, situated in a central, historic district bustling with tourists. The site will feature a comprehensive brand cen...