SCHEDULE 13G 0001699673 XXXXXXXX LIVE Common Stock, $0.0001 par value per share 06/18/2025 0001707910 Reborn Coffee, Inc. 75618M305 580 N. Berry Street Brea CA 92821 Rule 13d-1(c) Arena Investors, LP DE 505518.00 0.00 505518.00 0.00 505518.00 N 9.5 PN Arena Investors GP, LLC DE 505518.00 0.00 505518.00 0.00 505518.00 N 9.5 OO limited liability company Arena Business Solutions Global SPC II, LTD. E9 505518.00 0.00 505518.00 0.00 505518.00 N 9.5 CO Reborn Coffee, Inc. 580 N. Berry Street, Brea, CA 92821 This Schedule 13G is filed by the following (the "Reporting Persons"): (i) Arena Investors, LP (the "Investment Manager"), who serves as subadvisor to Arena Global (as defined below); (ii) Arena Investors GP, LLC, who serves as the general partner of the Investment Manager (the "IM General Partner"); and (iii) Arena Business Solutions Global SPC II, LTD. ("Arena Global"). Arena Global is a private investment vehicle. Arena Global directly beneficially owns the Common Stock reported in this Schedule 13G. The Investment Manager and the IM General Partner may be deemed to beneficially own the Common Stock directly beneficially owned by Arena Global. Each Reporting Person disclaims beneficial ownership with respect to any Common Stock other than the Common Stock directly beneficially owned by such Reporting Person. The principal business office of the Reporting Persons is 2500 Westchester Avenue, Suite 401, Purchase, New York 10577. For citizenship or place of organization see Item 4 of the cover page of each Reporting Person. Y See Item 9 on the cover page for each Reporting Person, and Item 2, which information is given as of the close of business on June 18, 2025, the Date of Event which requires the filing of this Schedule 13G. See Item 11 on the cover page for each Reporting Person. The percentages of beneficial ownership contained herein are based on 5,303,306 shares of Common Stock outstanding as of May, 12, 2025 as reported by the Issuer in its Form 10-Q filed with the SEC on May 20, 2025. See Item 5 on the cover page for each Reporting Person. See Item 6 on the cover page for each Reporting Person. See Item 7 on the cover page for each Reporting Person. See Item 8 on the cover page for each Reporting Person. Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Exhibit 1 - Joint Filing Agreement Arena Investors, LP /s/ Tsering Lama 06/25/2025 Arena Investors GP, LLC /s/ Tsering Lama 06/25/2025 Arena Business Solutions Global SPC II, LTD. /s/ Tsering Lama 06/25/2025