Reborn Global Holdings, subsidiary of Reborn Coffee, entered a debt agreement with DRE, Inc. for a $1.0 million credit facility, payable by May 31, 2025. It involves making interest payments from July 15, 2023. Also, due to SEC and Nasdaq requirements, DRE's owner and Vice Chairman of Reborn's Board, Dennis Egidi, resigned from his role in audit and compensation committees while Andy Nasim was appointed as a member of the audit committee and chair of the compensation committee.