{"filings":[{"id":1000118,"accession_number":"0001493152-26-028280","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2026-06-11T20:10:30+00:00","items":["5.02","5.07","9.01"],"status":"ready","headline":"Reed's stockholders approve 2026 Equity Incentive Plan with 1.3M share reserve; directors elected","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["2026 Equity Incentive Plan approved effective June 10, 2026; initial reserve 1,300,000 shares plus annual 5% evergreen increase.","All five director nominees elected: Shufen Deng, Neal Cohane, Michael Tu, Sam Van, Rudolf Bakker; each received >7M votes for.","Stockholders ratified Weinberg & Company as auditor for FY2026 (8,099,074 for, 10,794 against).","Non-binding say-on-pay passed (7,068,913 for, 5,756 against); board set advisory vote frequency to every three years.","Broker non-votes totaled 1,035,603 on director elections and plan approval."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":833957,"accession_number":"0001493152-26-027062","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2026-06-03T20:15:20+00:00","items":["3.01","8.01","9.01"],"status":"ready","headline":"Reed's receives NYSE American deficiency notice; must submit compliance plan by June 28","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["NYSE American notified Reed's on May 29, 2026 that it is below compliance with equity listing standards.","Stockholders' equity was $2.7M as of March 31, 2026; net losses in five most recent fiscal years.","Company must submit a compliance plan by June 28, 2026 and regain compliance by November 29, 2027.","Common stock will receive '.BC' designation but continues trading; delisting possible if plan fails."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":40652,"accession_number":"0001493152-26-022492","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2026-05-12T20:15:24+00:00","items":["2.02","9.01"],"status":"ready","headline":"Reed's Q1 net sales fall to $7.1M; net loss widens to $6.5M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $7.1M, down 29% from $10.0M in Q1 2025.","Gross profit $0.7M (10% margin) vs $3.4M (34% margin) prior year.","SG&A expense increased to $5.8M from $3.5M.","Net loss $6.5M vs $2.0M; EBITDA loss $(6.2)M vs $(1.7)M.","Interim CEO cites inventory rationalization, SKU discontinuations, and elevated costs as transitional factors."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":91533,"accession_number":"0001493152-26-018928","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2026-04-24T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Reed's appoints Damian Warshall as COO effective April 27, 2026","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Warshall receives $300k base salary, eligible for bonus up to 80% of base.","He most recently served as COO at Pittston Co-Packers and VP Ops at Munk Pack.","Warshall previously served as VP of Operations at Reed's from Oct 2020 to May 2024.","CEO Neal Cohane states Warshall's experience will help improve margins and create long-term value.","No family relationships or transactions requiring disclosure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":91532,"accession_number":"0001493152-26-017828","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2026-04-17T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Former CEO Cyril Wallace separation finalized; Neal Cohane named Interim CEO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Cyril A. Wallace Jr. resigned as CEO and board member effective March 24, 2026; remains consultant through April 30, 2026.","Separation agreement includes $58,333 severance (1 month salary), $2,836 COBRA lump sum, and waiver of sign-on bonus/relocation repayment.","Additional cash payment of $36,336 (10,010 shares at $3.63) and restricted stock award of 36,657 shares under the 2020 Plan.","Exhibit signed by Neal Cohane as Interim Chief Executive Officer, indicating new interim leadership."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":91531,"accession_number":"0001493152-26-015701","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2026-04-08T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Reed's sets 2026 annual meeting for June 10; stockholder proposals due April 18","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Annual meeting scheduled for June 10, 2026; location and details in later proxy statement.","Stockholder proposals under Rule 14a-8 must be received by April 18, 2026.","Stockholder nominations and other business notices also due by April 18, 2026.","Notices must be sent to Reed's, Inc., Attention: Secretary, 501 Merritt 7 PH, Norwalk, CT 06851."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101672,"accession_number":"0001493152-26-013196","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2026-03-27T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Reed's CEO Cyril A. Wallace Jr. resigns; COO Neal M. Cohane named interim CEO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Wallace resigned as CEO and director effective March 24, 2026; remains employee through March 31.","Departure not due to any disagreement with the Company's operations, policies, or practices.","Board appointed Neal M. Cohane, current COO, as interim CEO and to fill the board vacancy.","Cohane, 65, has served as COO since January 2026; previously CSO at Reed's (2007-2022) and roles at PepsiCo, SoBe, Coca-Cola.","Cohane entered the Company's standard form of indemnification agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101671,"accession_number":"0001493152-26-012431","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2026-03-24T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Reed's reports Q4 net sales down 23% YoY, net loss improves; interim CEO appointed","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net sales $7.5M vs $9.7M YoY; gross margin fell to 20% from 30%.","Full year net loss $15.8M vs $13.2M; EBITDA worsened to $(14.6)M from $(7.3)M.","CEO Cyril Wallace stepped down; Neal Cohane named interim CEO and board member.","CMO Tina Reejsinghani departed; board member Ruud Bakker takes fractional CMO role.","Company saw sequential quarterly improvement in net sales, gross margin, and net loss."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118006,"accession_number":"0001493152-25-029405","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2025-12-29T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Reed's appoints Neal Cohane as COO effective January 5, 2026","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Neal Cohane, formerly Reed's Chief Sales Officer for 15+ years, returns as COO; most recently CSO at Eastroc Beverages.","Compensation includes $320K base salary, up to 80% bonus, $1K/month car stipend, and $500K equity target.","CEO Cyril Wallace said Cohane's leadership will drive operational excellence and long-term shareholder value.","Cohane's initial priorities include expanding distribution, securing new channels, and strengthening retailer partnerships."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118005,"accession_number":"0001493152-25-026641","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2025-12-08T23:59:59+00:00","items":["5.03","8.01","9.01"],"status":"ready","headline":"Reed's raises ~$9.0M in underwritten public offering; begins trading on NYSE American","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Offered 2.5M shares and warrants at $4.00 per unit; net proceeds ~$9.0M after costs.","Warrants exercisable at $4.50 per share, expire December 8, 2030.","Controlling stockholder D&D Source of Life purchased ~$5.0M of the offering.","Common stock uplisted to NYSE American on December 5, 2025; OTCQX trading ended.","Bylaws amended effective December 5, 2025 to enhance stockholder nomination procedures and other provisions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118004,"accession_number":"0001493152-25-020685","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2025-11-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Reed's Q3 net sales +4% to $7.0M; net loss improves to $4.0M; 1-for-6 reverse split","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $7.0M (+4% YoY); gross profit flat at $1.2M (17% margin vs 18%).","Net loss improved to $4.0M ($0.48/sh) from $4.2M ($4.91/sh) in Q3 2024.","Modified EBITDA loss widened to $3.9M from $3.0M; SG&A increased to $4.2M.","Effective Oct 31, 2025, effected 1-for-6 reverse stock split; ~8.9M shares outstanding.","New CMO and CCO appointed; repaid ~$650K debt, refinanced credit facility, plans to uplist."],"consensus_eps_estimate":-0.1836,"consensus_eps_actual":-1.54,"consensus_revenue_estimate":null,"consensus_revenue_actual":26585000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl+finnhub","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118003,"accession_number":"0001493152-25-020441","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2025-10-31T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"Reed's Inc. effects 1-for-6 reverse stock split effective Oct 31, 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Reverse split ratio 1-for-6; effective 5:00 p.m. ET on October 31, 2025.","Approximately 8,945,620 shares outstanding after split (pre-fractional elimination).","New CUSIP number for common stock is 758338404; split-adjusted trading begins Nov 3, 2025.","Split authorized by stockholder owning ~52.8% of voting shares via written consent on Sept 29, 2025.","Certificate of Amendment filed with Delaware Secretary of State on October 28, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118002,"accession_number":"0001493152-25-016683","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2025-10-02T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Reed's majority stockholder approves reverse stock split (1:3 to 1:9)","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Stockholder owning ~52.8% of shares approved reverse split via written consent on Sept 29, 2025.","Split ratio range: not less than 1-for-3 and not greater than 1-for-9, no reduction in authorized shares.","Preliminary Information Statement on Schedule 14C filed Sept 30, 2025; definitive filing planned.","Reverse split effective no earlier than 20 calendar days after definitive 14C filed with SEC."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134464,"accession_number":"0001493152-25-015770","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2025-09-26T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Reed's amends credit agreement; reduces revolver to $9.25M, repays $650K","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Revolving credit facility reduced from $10M to $9.25M; interest payments now monthly.","Reed's repaid $650,000 of principal plus accrued interest to Cantor Fitzgerald.","Lenders are affiliates of Whitebox Advisors; Cantor Fitzgerald remains agent.","Other material terms of the Loan Agreement remain unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134463,"accession_number":"0001493152-25-014978","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2025-09-25T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"Reed's adopts exclusive forum bylaw for derivative and Securities Act claims","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board approved amendment designating Delaware Court of Chancery as exclusive forum for derivative actions, fiduciary duty, and other internal corporate claims.","Also designates federal district courts as exclusive forum for claims arising under the Securities Act of 1933.","Bylaw amendment effective September 25, 2025; stockholder consent required to select alternative forum."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134462,"accession_number":"0001493152-25-013710","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2025-09-16T23:59:59+00:00","items":["1.01","3.02","5.02","9.01"],"status":"ready","headline":"Reed's closes $5M PIPE of 5M shares at $1; director Edwards resigns, Tu appointed","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Raised $5.0M gross via private placement of 5M shares at $1.00/share to six accredited investors; closed Sept 15, 2025.","Proceeds to be used for working capital and general corporate purposes.","Director Randle Lee Edwards resigned effective Sept 10, 2025; no disagreement with company.","Board appointed Michael Tu to fill vacancy; Tu will serve on Audit, Compensation, and Governance Committees.","Shares issued under Section 4(a)(2) and Rule 506(b) exemption; registration rights agreement requires resale registration within 15 days."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134461,"accession_number":"0001493152-25-013242","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2025-09-12T23:59:59+00:00","items":["5.02","7.01","8.01","9.01"],"status":"ready","headline":"Reed's CCO resigns, appoints Tina Reejsinghani as CMO effective Sept 15","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Chief Commercial Officer Christopher Burleson resigned Sept 12, 2025; resignation not due to any disagreement.","Tina Reejsinghani appointed as Chief Marketing Officer, effective Sept 15, 2025.","Reejsinghani previously VP of Luxury Brands at Rémy Cointreau, led 30% YoY growth for a $500M Cognac portfolio.","Company also announced corporate reorganization and development of a dedicated field sales organization.","Reed's (OTCQX: REED) produces ginger-based beverages under Reed's, Virgil's, and Flying Cauldron brands."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134460,"accession_number":"0001641172-25-023238","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2025-08-12T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Reed's Q2 sales fall 20% YoY to $9.5M; net loss widens to $6.0M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $9.5M, down 20% YoY from $11.9M; net loss $6.0M ($0.13/share) vs $3.2M loss.","Gross margin 8% vs 32% YoY, hit by $1.6M inventory write-offs; adjusted margin 25%.","Cash used in operations $5.0M vs $0.9M; cash $2.7M, total debt $9.7M at June 30.","Modified EBITDA -$2.9M vs positive $45k in Q2 2024."],"consensus_eps_estimate":-0.2448,"consensus_eps_actual":-0.18,"consensus_revenue_estimate":null,"consensus_revenue_actual":19552000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl+finnhub","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134459,"accession_number":"0001641172-25-018236","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2025-07-08T23:59:59+00:00","items":["5.02","8.01"],"status":"ready","headline":"Reed's Inc. settles investment bank dispute for $1.6M; CFO named principal accounting officer","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Settled investment bank engagement: paid $800,000 cash on July 1, 2025, and owes additional $800,000 by August 29, 2025.","Mutual release and waiver from all liability under the prior engagement with the investment bank.","Effective July 7, 2025, CAO Joann Tinnelly reassigned; CFO Doug McCurdy assumes role as principal accounting officer."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":151309,"accession_number":"0001641172-25-013658","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2025-06-04T23:59:59+00:00","items":["1.01","3.02"],"status":"ready","headline":"Reed's raises ~$3M in private placement at $0.93/share; majority stockholder invests $1M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Issued 3,225,806 shares at $0.93/share to D&D Source of Life Holding (majority stockholder) and four other accredited investors.","Aggregate gross proceeds of approximately $3,000,000; D&D invested $1,000,000.","Proceeds to be used for working capital, personnel, marketing, strategic transactions, and international expansion.","Company agreed to file Form S-1 within 15 days to register the shares for resale."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":151308,"accession_number":"0001641172-25-010019","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2025-05-13T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Reed's Q1 net sales up 4.5% to $10M; operating loss widens to $1.7M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $10.0M (+4.5% YoY); gross margin 33.9% vs 35.6%.","Operating loss $1.7M ($0.04/sh) vs $0.7M loss in Q1 2024.","Modified EBITDA loss $1.6M vs $0.4M loss year-ago.","Cash burn $5.4M from operations; cash at $4.9M (down from $10.4M Dec 2024).","CEO Cyril Wallace notes fulfillment rate improved to ~2% short shipments from ~20%."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.04,"consensus_revenue_estimate":null,"consensus_revenue_actual":10029000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":151307,"accession_number":"0001641172-25-005164","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2025-04-17T23:59:59+00:00","items":["1.01","5.02","8.01","9.01"],"status":"ready","headline":"Reed's names Cyril Wallace CEO; Norman Snyder retires effective April 16","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Norman Snyder retires as CEO and director; will receive 12 months' severance at current salary plus COBRA reimbursement and 2-year option extension.","Cyril Wallace appointed CEO and director; base salary $700k, signing bonus $35k, up to $50k relocation, 280k RSUs, and performance options up to 1,388,166 shares.","Wallace brings 21 years at PepsiCo, most recently VPGM leading a $3.2B territory.","Rudolph 'Ruud' Bakker appointed to board; over 25 years at Red Bull, Diageo, Heineken; standard board compensation $50k/year.","CEO transition and board additions announced via press release on April 17, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":170190,"accession_number":"0001641172-25-000972","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2025-03-27T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Reed's Q4 revenue falls 17% YoY; gross margin jumps to 30% from 4%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net sales $9.7M vs $11.7M; full-year $38.0M vs $44.7M.","Q4 gross profit $2.9M vs $0.5M; margin 30.0% vs 4.0% (prior year had $3.1M one-time charges).","Operating loss improved to $3.7M from $4.9M; modified EBITDA $(0.7)M vs positive $43k.","Cash $10.4M vs $0.6M; total debt net $9.6M vs $27.4M; closed $10M private placement.","New CFO Douglas McCurdy appointed; new beverage line launching April 2025 with 8,000+ distribution points."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.68,"calibrated_materiality_score":0.68,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":170189,"accession_number":"0001493152-25-011162","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2025-03-21T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Board member Lewis Jaffe resigns citing governance disagreements with majority investor","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Lewis Jaffe resigned from Board effective March 31, 2025; cited 'fundamental difference in views regarding corporate governance'.","Jaffe was Chair of Governance Committee and member of Compensation and Audit Committees.","Resignation attributed to recent changes in ownership, leadership, and majority investor's desire to replace independent directors.","Company will file any response letter from Jaffe within two business days if received."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":170188,"accession_number":"0001493152-25-005245","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2025-02-06T23:59:59+00:00","items":["1.01","5.02","8.01","9.01"],"status":"ready","headline":"Reed's appoints Douglas McCurdy as CFO, Tinnelly transitions to CAO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Douglas W. McCurdy to become CFO effective Feb 10, 2025, with a base salary of $323,000 and target bonus of 30%.","Joann Tinnelly transitions from CFO to Chief Accounting Officer effective same date.","Salvatore Vassallo appointed Vice President of Operations, bringing CPG supply chain experience.","McCurdy previously served at Roberts & Ryan, REZI, and Torrential; holds MBA from University of Chicago.","CEO Norman Snyder stated leadership changes and strengthened balance sheet position Reed's for 2025 growth."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":170187,"accession_number":"0001493152-25-004017","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2025-01-28T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Reed's amends shareholders agreement, granting majority stockholder D&D board designation rights","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["D&D Source of Life, holding ≥25% of Reed's stock, gets right to designate three board members, two must be independent.","Board observer right granted to D&D; Yumin Dai designated as observer.","Board size capped at nine without consent of D&D's independent designees.","Agreements dated Jan 24, 2025; effective immediately."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":170186,"accession_number":"0001493152-25-001065","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2025-01-06T23:59:59+00:00","items":["1.01","3.02","8.01","9.01"],"status":"ready","headline":"Reed's closes $10M private placement of 14.7M shares at $0.68/share","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Closed $10M PIPE financing on Dec 30, 2024; sold 14,705,882 shares at $0.68/share (premium to closing price).","Proceeds to be used for working capital, personnel, marketing, strategic M&A, and international expansion.","Shares issued in private placement under Section 4(a)(2) and/or Rule 506(b); registration rights agreement filed.","CEO Norman Snyder states financing supports goal of returning to sustainable growth and profitability in 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":187201,"accession_number":"0001493152-24-046882","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2024-11-19T23:59:59+00:00","items":["1.01","1.02","2.03","3.02","9.01"],"status":"ready","headline":"Reed's enters $10M revolver at 8%; majority holder exchanges notes for 22.5M shares, 87.8% ownership","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["New $10M revolving credit facility from Whitebox affiliates at 8% interest; $6.57M used to repay existing ABL with Alterna Capital.","Majority stockholder D&D exchanged all convertible notes for 22.5M shares, boosting its ownership to 87.8%.","D&D subordinated its notes and amended terms, extending maturity to May 2026 and waiving defaults.","Reed's pledged intellectual property as collateral for the new facility."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":187200,"accession_number":"0001493152-24-045387","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2024-11-14T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Reed's Q3 net sales $6.8M, down 43% YoY; operating loss $3.1M; secures $10M credit facility","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $6.8M vs $11.9M Q3 2023; gross margin dropped to 18.0% from 34.0%.","Operating loss $3.1M vs $0.1M; Modified EBITDA -$3.0M vs +$0.2M.","Majority stockholder D&D bought all secured notes from Whitebox; new $10M revolver at 8% closes Nov 14.","FY 2024 outlook withdrawn; inventory shortages caused ~$4M in lost sales.","Cash $0.3M, total debt $27.1M at Sep 30; new facility aims to improve liquidity."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.02,"consensus_revenue_estimate":null,"consensus_revenue_actual":28221000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":187199,"accession_number":"0001493152-24-043377","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2024-11-01T23:59:59+00:00","items":["5.02","8.01"],"status":"ready","headline":"Three directors resign from Reed's board; Whitebox transfers secured notes to majority stockholder","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["John J. Bello (Chairman), Louis Imbrogno, Jr., and Thomas W. Kosler resigned from board on Oct 28-29, 2024.","Bello had been Chairman and served on operating committee; Kosler was audit committee chair; Imbrogno served on governance, audit, and compensation committees.","On Oct 10, 2024, Whitebox funds sold their entire interests in eight secured promissory notes of Reed's to majority stockholder D&D Source of Life Holding Ltd.","The notes are secured by substantially all of Reed's assets, including intellectual property."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":187198,"accession_number":"0001493152-24-042390","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2024-10-24T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Reed's appoints Sam Van as independent director designee of largest stockholder D&D","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Sam Van appointed to Reed's board as independent director designee of D&D Source of Life Holding LTD, Reed's largest stockholder.","D&D invested $3M lead in PIPE (March 2023) and $3M SAFE (Feb 2024) giving right to designate up to three directors.","Board size limited to nine; D&D's designation rights continue as long as D&D holds 25% or more of Reed's common stock.","Mr. Van receives standard board compensation of $50K/year pro-rated quarterly; not on any committees yet.","No material transactions between Reed's and Van since FY2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":203713,"accession_number":"0001493152-24-036242","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2024-09-13T23:59:59+00:00","items":["1.01","3.02","5.01","9.01"],"status":"ready","headline":"Reed's closes $6M PIPE; D&D becomes 55.4% owner, change in control triggered","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["PIPE of 4 million shares at $1.50 per share raises $6M; led by D&D Source of Life Holding.","D&D invested $1.9M cash and converted $3M SAFE; now holds 55.4% of common stock (assuming warrant exercise).","D&D already held 31.5% pre-PIPE; change in control triggered under Item 5.01.","Proceeds to be used for general working capital and corporate purposes.","D&D retains director designation rights; Shufen Deng remains Vice Chairman and controls D&D's shares."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":203712,"accession_number":"0001493152-24-031647","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2024-08-13T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Reed's Q2 net sales up 19% to $11.9M; gross margin expands 720 bps; modified EBITDA turns positive","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales increased 19% YoY to $11.9M; gross profit up 53% to $3.8M; gross margin 32.3% vs 25.1%.","Operating loss narrowed to $0.7M from $1.7M; modified EBITDA improved to $45,000 from $(1.6)M.","Delivery/handling costs cut 16% to $2.18/case; SG&A flat at 26% of sales.","Cash used in operations reduced to $0.9M from $3.4M; total debt $27.4M as of June 30, 2024.","Reaffirms FY 2024 outlook: net sales growth, gross margin expansion, positive modified EBITDA, and positive op cash flow."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.17,"consensus_revenue_estimate":null,"consensus_revenue_actual":21469000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":203711,"accession_number":"0001493152-24-030422","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2024-08-06T23:59:59+00:00","items":["1.01","2.03","5.02"],"status":"ready","headline":"Reed's issues $6.5M of secured convertible notes at 11.13%; director Jerry Lewin resigns","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Holders exercised option to purchase ~$6.5M Fourth Option Notes under amended 10% Secured Convertible Notes.","Notes bear 11.13% interest, mature by Dec 15, 2024; may be prepaid with MOIC deficiency if not prepaid $1.4M.","Temporary waiver of events of default and repurchase obligations granted under the amendment.","Director Jerry Lewin resigned from board effective August 2, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":203710,"accession_number":"0001493152-24-028355","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2024-07-18T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Reed's appoints Jerry Lewin as independent director; board expands to 8 seats","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board increased from 7 to 8 seats; Jerry Lewin appointed to fill the new vacancy effective July 12, 2024.","Lewin is an independent designee of D&D Source of Life Holding, Reed's largest stockholder.","D&D invested $3M in Reed's PIPE (March 2023) and $3M via SAFE (Feb 2024), earning a second independent director right.","Lewin will receive standard board compensation of $50,000 per year, pro-rated quarterly; no committee assignments yet.","D&D's director nomination rights continue while it holds 25% or more of Reed's common stock."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":220266,"accession_number":"0001493152-24-019295","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2024-05-14T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Reed's Q1 net sales down 14% to $9.6M but gross margin expands to 35.6%; reiterates FY outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $9.6M vs $11.2M YoY; operating loss improved to $0.6M from $2.6M.","Gross margin up 1,140 bps to 35.6% driven by lower supply chain and input costs.","Delivery/handling costs per case down 13% to $3.01; SG&A down 19% to $2.6M.","Modified EBITDA loss narrowed to $0.4M from $2.3M; cash used in ops $2.4M.","Reiterates FY2024 outlook: net sales growth, gross margin expansion, positive EBITDA and cash flow from ops."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.4,"consensus_revenue_estimate":null,"consensus_revenue_actual":9595000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":220264,"accession_number":"0001493152-24-012926","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K/A","filed_at":"2024-04-03T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Reed's extends noteholder waivers to Apr 30, 2024; converts ~$4.1M SAFEs to equity","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Amended waiver extends default and amortization-payment waivers from Mar 31 to Apr 30, 2024.","Option Notes maturity date changed to earlier of Mar 31, 2025 or 91 days before junior debt maturity.","Company paid $100,000 partial interest; SAFE investments (~$4.1M) expected to convert before Apr 30, 2024.","ABL facility cap raised to $8M (May 1–Sep 30, 2024) per amended Permitted Indebtedness definition.","Outstanding ABL excess fees listed; each monthly fee from Nov 2023–Mar 2024 reduced by $150k if conversion by Apr 30."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":220265,"accession_number":"0001493152-24-012856","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2024-04-02T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Reed's extends note default waivers to April 30, pays $100K interest, amends terms","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Waiver of existing defaults and monthly amortization payments extended to April 30, 2024 under 10% Secured Convertible Notes.","Reed's paid $100,000 partial interest payment; failure to pay would terminate waivers and reinstate defaults.","Amended terms fix Option Note maturity at March 31, 2025 and adjust Permitted Indebtedness limits for ABL facility.","Condition requires completion of equity offering converting ~$4.1M SAFE investments into equity before April 30, 2024.","Ongoing defaults include missed amortization payments from Dec 2023 through Apr 2024 and excess ABL fees totaling over $3.5M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":239938,"accession_number":"0001493152-24-011777","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2024-03-28T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Reed's Q4 net sales $11.7M (down 22% YoY); FY operating loss narrows to $9.4M; guides for 2024 profitability","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net sales $11.7M (down 22% YoY from $15.0M); adjusted gross profit up 26% to $4.3M.","FY 2023 operating loss improved to $9.4M vs $14.8M; modified EBITDA improved to $(3.7)M from $(13.1)M.","Closed $4.1M SAFE financing in Q1 2024; plans to build inventory to reduce short shipments.","2024 outlook expects net sales growth, gross margin expansion, positive modified EBITDA and operating cash flow."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":239937,"accession_number":"0001493152-24-008634","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2024-03-04T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Reed's CFO Joann Tinnelly gets $300K salary, $52.5K bonus; target bonus 35% of salary","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Salary retroactive to Jan 1, 2024 set at $300,000; immediate bonus of $52,500.","Eligible for discretionary annual performance bonus targeted at 35% of annual salary.","Receives monthly car allowance of $300 and cell phone allowance of $150.","Will enter into company's standard indemnification agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":239936,"accession_number":"0001493152-24-005973","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2024-02-13T23:59:59+00:00","items":["1.01","2.03","3.02","8.01","9.01"],"status":"ready","headline":"Reed's closes $3.8M SAFE, amends convertible notes, plans up to $6M rights offering","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Closed $3.8M in SAFE investments from D&D and Union Square Park to backstop planned rights offering.","Entered Limited Waiver and Amendment with secured note holders: waives defaults and amortization payments through Mar 31, 2024.","Note maturity extended to 2025; conversion price reset to 120% of post-rights-offering VWAP (capped at $7.50 for original notes).","Accrued fees partially satisfied with $132,430 cash and stock at lesser of $1.50 or rights offering price.","Planned rights offering for up to $6M gross proceeds (including SAFE); record date not yet set."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":257468,"accession_number":"0001493152-23-045047","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2023-12-15T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Reed's Inc. announces 2023 annual meeting voting results; all directors elected, auditor ratified","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All seven director nominees elected: John J. Bello, Norman E. Snyder Jr., Lewis Jaffe, Randle Lee Edwards, Louis Imbrogno Jr., Shufen Deng, Thomas W. Kosler.","Ratification of Weinberg & Company as auditor for FY2024 passed with 2,486,360 for, 24,841 against, 5,579 abstain.","Quorum of 2,516,781 shares (60.37%) present at the December 12, 2023 meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":257467,"accession_number":"0001493152-23-040114","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2023-11-09T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Reed's Q3 gross margin surges to 34%; first modified EBITDA profit since 2016","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 net sales $11.9M (-2% YoY); gross profit $4.0M (+66% YoY); gross margin 34.0% vs 20.1%.","Operating loss narrowed to $0.1M from $2.5M; modified EBITDA turned positive at $0.2M vs -$2.2M.","SG&A down 14% to $2.3M; delivery & handling costs cut 15% to $2.98/case.","FY2023 net sales guidance revised to $45-$47M due to inventory shortages; expects to maintain EBITDA profitability.","Cash $1.0M; total debt $26.8M ($17.1M convertible note, $9.7M revolver); $3.1M revolver available."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.69,"consensus_revenue_estimate":null,"consensus_revenue_actual":33018000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":257466,"accession_number":"0001493152-23-038437","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2023-10-27T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Reed's Inc. names interim CFO Joann Tinnelly as permanent CFO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Joann Tinnelly appointed permanent CFO effective Oct. 26, 2023; served as interim since March 31, 2023.","Tinnelly has been VP & Corporate Controller since July 2018, CPA with 30+ years experience.","No change in compensation for permanent role; CEO praises her execution as interim CFO.","Company reaffirms goals to expand gross margins and generate positive modified EBITDA and cash flow."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":257465,"accession_number":"0001493152-23-037991","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2023-10-23T23:59:59+00:00","items":["5.08","8.01"],"status":"ready","headline":"Reed's Inc. sets 2023 annual meeting for Dec. 12; shareholder deadlines Oct. 23 and Nov. 3","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Annual meeting date changed to Tuesday, December 12, 2023.","Record date for voting is October 13, 2023 (previously set).","Deadline for Rule 14a-8 stockholder proposals: October 23, 2023.","Advance notice deadline for director nominations and other proposals: November 3, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":257464,"accession_number":"0001493152-23-037052","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2023-10-12T23:59:59+00:00","items":["1.01"],"status":"ready","headline":"Reed's extends note maturity to Nov 28, pays $212k in interest; gets waiver of defaults","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Maturity date of 10% Convertible Notes extended from Sep 29, 2023 to Nov 28, 2023.","Company paid $211,793.31 in accrued interest and certain fees to note holders.","Holders temporarily waived specified events of default and certain fees through Nov 28, 2023.","Waiver also suspends repurchase requirement upon a Fundamental Change during waiver period."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":274806,"accession_number":"0001493152-23-034432","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2023-09-27T23:59:59+00:00","items":["5.08","8.01"],"status":"ready","headline":"Reed's sets Nov 30, 2023 annual meeting; proposal deadline Oct 2, 2023","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Annual meeting set for November 30, 2023; record date for voting is October 13, 2023.","Deadline for Rule 14a-8 stockholder proposals to be included in proxy materials is October 2, 2023.","Advance notice deadline for director nominations and other proposals also October 2, 2023.","Proposals must be submitted to Joann Tinnelly, Interim CFO and Secretary, at Norwalk, CT address."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":274805,"accession_number":"0001493152-23-027553","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2023-08-10T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Reed's Q2 net sales down 27% to $10.0M; guides FY sales to $48-52M, reiterates margin and EBITDA targets","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $10.0M vs $13.7M YoY; shortfall of ~$1.6M due to supplier credit terms constraining inventory.","Operating loss improved to $(1.7)M from $(4.5)M; modified EBITDA loss improved to $(1.6)M from $(4.3)M.","Gross margin expanded 105 bps to 25.1%; management targets >30% for FY 2023.","FY 2023 net sales guidance cut to $48-52M; reaffirms $6M opex savings, modified EBITDA profitable in H2.","Cash $0.4M; total debt $22.8M ($16.2M convertible note, $6.6M revolver); operations used $3.4M cash in Q2."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.59,"consensus_revenue_estimate":null,"consensus_revenue_actual":21162000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":274804,"accession_number":"0001493152-23-024332","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2023-07-12T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Reed's director Leon Zaltzman resigns; largest shareholder's owner Shufen Deng elected to board","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Leon M. Zaltzman resigned from the board on July 7, 2023; will remain as a board observer.","Shufen Deng elected to fill the vacancy; she is sole shareholder of D&D, Reed's largest owner (~31.1%).","D&D was lead investor in March 2023 PIPE, purchasing ~1.16M shares and warrants for $3M.","Shareholders agreement grants D&D nomination rights for two board seats and cooperation on Asian market initiatives."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":292124,"accession_number":"0001493152-23-019741","cik":1140215,"company_name":"REED'S, INC.","ticker":"REED","form_type":"8-K","filed_at":"2023-06-01T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Reed's Q1 net sales down to $11.2M; secures $5.6M financing; reiterates FY profitability targets","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $11.2M vs $12.2M YoY; operating loss improved to $(2.6)M from $(4.2)M.","Modified EBITDA loss improved to $(2.3)M vs $(3.8)M; gross margin flat at 24.2%.","Secured $4.1M PIPE from D&D and top shareholders plus $1.5M note augmentation for total $5.6M.","FY2023 outlook: net sales growth expected, gross margin to surpass 30%, modified EBITDA positive in H2.","Cash $2.3M, total debt $22.4M as of May 31, 2023; inventory challenges offset net sales by >$1.6M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":20749900.668449197,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2023-06-01T23:59:59+00:00|292124"}