{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-07-11T18:13:45.178913+00:00","company":{"ticker":"REED","cik":1140215,"company_name":"REED'S, INC."},"pagination":{"limit":100,"returned":72,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","counterparties":{"contract_counterparty":[{"display_name":"Wilmington Savings Fund Society, FSB, holder representative and collateral agent","detail":"notes_offering","count":2,"first_seen":"2023-02-14T23:59:59+00:00","last_seen":"2023-02-14T23:59:59+00:00","evidence_fact_ids":[179426,179427]},{"display_name":"each holder of its 10% Secured Convertible Notes and Wilmington Savings Fund Society, FSB","detail":"notes_offering","count":2,"first_seen":"2024-02-13T23:59:59+00:00","last_seen":"2024-04-03T23:59:59+00:00","evidence_fact_ids":[63212,75298]},{"display_name":"D&D Source of Life Holding LTD and Union Square Park Partners LLP","detail":"equity_purchase","count":1,"first_seen":"2024-02-13T23:59:59+00:00","last_seen":"2024-02-13T23:59:59+00:00","evidence_fact_ids":[75297]},{"display_name":"D&D Source of Life Holding Ltd.","detail":"equity_purchase","count":1,"first_seen":"2023-05-31T23:59:59+00:00","last_seen":"2023-05-31T23:59:59+00:00","evidence_fact_ids":[145746]},{"display_name":"Wilmington Savings Fund Society, FSB","detail":"credit_facility","count":1,"first_seen":"2024-04-02T23:59:59+00:00","last_seen":"2024-04-02T23:59:59+00:00","evidence_fact_ids":[63491]},{"display_name":"each holder and Wilmington Savings Fund Society, FSB","detail":"notes_offering","count":1,"first_seen":"2023-10-12T23:59:59+00:00","last_seen":"2023-10-12T23:59:59+00:00","evidence_fact_ids":[107043]},{"display_name":"holders of the notes","detail":"notes_offering","count":1,"first_seen":"2023-02-14T23:59:59+00:00","last_seen":"2023-02-14T23:59:59+00:00","evidence_fact_ids":[179428]}],"lender":[{"display_name":"Wilmington Savings Fund Society, FSB","detail":"convertible_notes","count":3,"first_seen":"2023-02-14T23:59:59+00:00","last_seen":"2024-04-02T23:59:59+00:00","evidence_fact_ids":[63492,179429,179430]},{"display_name":"Holders of 10% Secured Convertible Notes","detail":"convertible_notes","count":1,"first_seen":"2024-02-13T23:59:59+00:00","last_seen":"2024-02-13T23:59:59+00:00","evidence_fact_ids":[75301]},{"display_name":"Whitebox Advisors, LLC","detail":"revolving_credit","count":1,"first_seen":"2025-09-26T23:59:59+00:00","last_seen":"2025-09-26T23:59:59+00:00","evidence_fact_ids":[40634]}]},"facts":[{"fact_type":"shareholder_vote","fact_key":"bac48e446205a391c3fe863c0ca2baad10993a05","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2026-06-11T20:10:30+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":null,"outcome":"passed","proposal_text":"Non-Binding Advisory Vote on the Frequency of Stockholder Advisory Votes on the Compensation of the Company’s Named Executive Officers","proposal_type":"say_on_pay_frequency","results":[]},"claim":"REED'S, INC. shareholders approved Non-Binding Advisory Vote on the Frequency of Stockholder Advisory Votes on the Compensation of the Company’s Named Executive Officers.","evidence_excerpt":"5. Non-Binding Advisory Vote on the Frequency of Stockholder Advisory Votes on the Compensation of the Company’s Named Executive Officers One Year Two Years Three Years Abstentions Broker Non-Votes 176,660 4,300 6,893,600 269 1,035,603 The Company’s stockholders voted three years for the frequency of stockholder advisory votes on the compensation of the Company’s named executive officers.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-028280","anchor_url":"https://secwatch.observer/filing/0001493152-26-028280#claim-bac48e446205a391c3fe863c0ca2baad10993a05","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315226028280/0001493152-26-028280-index.htm"},{"fact_type":"shareholder_vote","fact_key":"53db55e24bd379a827b2f88084dc6baeaa4a21de","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2026-06-11T20:10:30+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":null,"outcome":"passed","proposal_text":"Non-Binding Advisory Vote on the Compensation of the Company’s Named Executive Officers","proposal_type":"say_on_pay","results":[{"broker_non_votes":"1,035,603","subject":null,"votes_abstain":"160","votes_against":"5,756","votes_for":"7,068,913","votes_withheld":null}]},"claim":"REED'S, INC. shareholders approved Non-Binding Advisory Vote on the Compensation of the Company’s Named Executive Officers.","evidence_excerpt":"4. Non-Binding Advisory Vote on the Compensation of the Company’s Named Executive Officers For Against Abstentions Broker Non-Votes 7,068,913 5,756 160 1,035,603 The Company’s stockholders passed the advisory vote on the compensation of the Company’s named executive officers.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-028280","anchor_url":"https://secwatch.observer/filing/0001493152-26-028280#claim-53db55e24bd379a827b2f88084dc6baeaa4a21de","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315226028280/0001493152-26-028280-index.htm"},{"fact_type":"shareholder_vote","fact_key":"aabb8e9f63de6b0b2ce4404b3ede9e65d0a7848c","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2026-06-11T20:10:30+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":null,"outcome":"passed","proposal_text":"Approval of the 2026 Equity Incentive Plan","proposal_type":"equity_plan","results":[{"broker_non_votes":"1,035,603","subject":null,"votes_abstain":"219","votes_against":"178,156","votes_for":"6,896,454","votes_withheld":null}]},"claim":"REED'S, INC. shareholders approved Approval of the 2026 Equity Incentive Plan.","evidence_excerpt":"3. Approval of the 2026 Equity Incentive Plan For Against Abstentions Broker Non-Votes 6,896,454 178,156 219 1,035,603 The Company’s stockholders approved the 2026 Plan.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-028280","anchor_url":"https://secwatch.observer/filing/0001493152-26-028280#claim-aabb8e9f63de6b0b2ce4404b3ede9e65d0a7848c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315226028280/0001493152-26-028280-index.htm"},{"fact_type":"shareholder_vote","fact_key":"737e7e230265cf22316243b2b82e0788461d1970","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2026-06-11T20:10:30+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2026-12-31","outcome":"passed","proposal_text":"Ratification of Selection of Independent Registered Public Accounting Firm","proposal_type":"auditor_ratification","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"564","votes_against":"10,794","votes_for":"8,099,074","votes_withheld":null}]},"claim":"REED'S, INC. shareholders approved Ratification of Selection of Independent Registered Public Accounting Firm at the 2026-12-31 meeting.","evidence_excerpt":"2. Ratification of Selection of Independent Registered Public Accounting Firm For Against Abstentions 8,099,074 10,794 564 The Company’s stockholders ratified the appointment of Weinberg & Company P.A. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-028280","anchor_url":"https://secwatch.observer/filing/0001493152-26-028280#claim-737e7e230265cf22316243b2b82e0788461d1970","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315226028280/0001493152-26-028280-index.htm"},{"fact_type":"shareholder_vote","fact_key":"3e08f7489f2b9e93474119c19cd8312bb3ceec02","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2026-06-11T20:10:30+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":null,"outcome":"passed","proposal_text":"Election of Directors","proposal_type":"director_election","results":[{"broker_non_votes":"1,035,603","subject":"Shufen Deng","votes_abstain":null,"votes_against":null,"votes_for":"7,069,234","votes_withheld":"5,595"},{"broker_non_votes":"1,035,603","subject":"Neal M. Cohane","votes_abstain":null,"votes_against":null,"votes_for":"7,069,872","votes_withheld":"4,957"},{"broker_non_votes":"1,035,603","subject":"Michael C. Tu","votes_abstain":null,"votes_against":null,"votes_for":"7,069,534","votes_withheld":"5,295"},{"broker_non_votes":"1,035,603","subject":"Sam Van","votes_abstain":null,"votes_against":null,"votes_for":"7,069,370","votes_withheld":"5,459"},{"broker_non_votes":"1,035,603","subject":"Rudolf J. M. Bakker","votes_abstain":null,"votes_against":null,"votes_for":"7,069,373","votes_withheld":"5,456"}]},"claim":"REED'S, INC. shareholders approved Election of Directors.","evidence_excerpt":"1. Election of Directors Name For Withhold Broker Non-Votes Shufen Deng 7,069,234 5,595 1,035,603 Neal M. Cohane 7,069,872 4,957 1,035,603 Michael C. Tu 7,069,534 5,295 1,035,603 Sam Van 7,069,370 5,459 1,035,603 Rudolf J. M. Bakker 7,069,373 5,456 1,035,603 Each of Shufen Deng, Neal M. Cohane, Michael C. Tu, Sam Van, and Rudolf J. M. Bakker were elected as directors","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-028280","anchor_url":"https://secwatch.observer/filing/0001493152-26-028280#claim-3e08f7489f2b9e93474119c19cd8312bb3ceec02","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315226028280/0001493152-26-028280-index.htm"},{"fact_type":"exchange_compliance_notice","fact_key":"9ccda29aaf07dd4e82c8075b805f24a70266ec88","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2026-06-03T20:15:20+00:00","payload":{"company_response":null,"compliance_status":"plan_due","cure_deadline":"2027-11-29","deficiency_type":"stockholders_equity","delisting_effective_date":null,"exchange":"nyse_american","hearing_date":null,"immediate_listing_effect":null,"minimum_requirement":"$4.0 million and $6.0 million stockholders' equity","notice_date":"2026-05-29","notice_type":"deficiency_notice","plan_due_date":"2026-06-28","raw_rule_text":null,"reported_value":null,"rule_numbers":["1003(a)(ii)","1003(a)(iii)"],"rules_cited_in_text":true},"claim":"REED'S, INC. received a nyse_american deficiency notice notice regarding stockholders equity (rules 1003(a)(ii), 1003(a)(iii)).","evidence_excerpt":"May 29, 2026, Reed’s, Inc. (the “Company”) received a notice (the “Notice”) from the NYSE American LLC\n(the “NYSE American”) stating that the Company is not in compliance with the NYSE American continued listing standards set\nforth in Section 1003(a)(ii) of the Company Guide requiring a company to have stockholders’ equity of at least $4.0 million if\nit has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years and Section 1003(a)(iii)\nof the Company Guide requiring a company to have stockholders’ equity at least $6.0 million if it has report","confidence":0.98,"filing_url":"https://secwatch.observer/filing/0001493152-26-027062","anchor_url":"https://secwatch.observer/filing/0001493152-26-027062#claim-9ccda29aaf07dd4e82c8075b805f24a70266ec88","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315226027062/0001493152-26-027062-index.htm"},{"fact_type":"earnings_release","fact_key":"52d48215446756c2bf3221a66a52bfb14f6b563e","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2026-05-12T20:15:24+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"Net loss was $6.5 million","period_text":"the three months ended March 31, 2026","report_date":"2026-05-12","result_type":"reported_results","revenue_text":"$7.1 million"},"claim":"REED'S, INC. reported the three months ended March 31, 2026 results: revenue $7.1 million, net income Net loss was $6.5 million.","evidence_excerpt":"handcrafted, natural ginger beverages, today announced financial results for the three months\nended March 31, 2026. Q1\n2026 Financial Highlights (vs. Q1 2025): ● Net\n sales were $7.1 million compared to $10.0 million. ● Gross\n profit was $0.7 million compared to $3.4 million, with gross margin of 10% compared to 34%. ● Delivery\n and handling costs were $2.57 per case","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-26-022492","anchor_url":"https://secwatch.observer/filing/0001493152-26-022492#claim-52d48215446756c2bf3221a66a52bfb14f6b563e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315226022492/0001493152-26-022492-index.htm"},{"fact_type":"earnings_release","fact_key":"2c46b503986e7d1140dc1bdd180fbec45cc508a4","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2026-03-24T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the three months and 12 months ended December 31, 2025","report_date":"2026-03-24","result_type":"reported_results","revenue_text":null},"claim":"REED'S, INC. reported financial results for the three months and 12 months ended December 31, 2025.","evidence_excerpt":"On March 24, 2026, Reed’s, Inc., a Delaware corporation (the “Company”), issued a press release announcing financial results for the quarter and year ended December 31, 2025.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-26-012431","anchor_url":"https://secwatch.observer/filing/0001493152-26-012431#claim-2c46b503986e7d1140dc1bdd180fbec45cc508a4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315226012431/0001493152-26-012431-index.htm"},{"fact_type":"governance_change","fact_key":"5372cd43f2f7cf485f7ef4681bd581f3524aad6b","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2025-12-08T23:59:59+00:00","payload":{"change_type":"bylaw_amendment","effective_date":"2025-12-05","item_codes_triggered":["5.03"],"summary_text":"Adopted Second Amended and Restated Bylaws effective upon NYSE American listing, with changes to stockholder nomination procedures, remote meeting attendance, stockholder list requirement, adjournment for technical failure, indemnification, and technical updates."},"claim":"REED'S, INC.: Adopted Second Amended and Restated Bylaws effective upon NYSE American listing, with changes to stockholder nomination procedures, remote meeting attendance, stockholder list requirement, adjournment for technical failure, indemnification, and technical updates (effective 2025-12-05).","evidence_excerpt":"Amended Bylaws On December 5, 2025, upon the listing of Reed’s, Inc.’s (the “Company’s”) common stock, par value $0.0001 per share (“Common Stock”), on the NYSE American LLC (the “NYSE American”), the Company’s Second Amended and Restated Bylaws (the “Bylaws”) became effective.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-026641","anchor_url":"https://secwatch.observer/filing/0001493152-25-026641#claim-5372cd43f2f7cf485f7ef4681bd581f3524aad6b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315225026641/0001493152-25-026641-index.htm"},{"fact_type":"governance_change","fact_key":"66e4319f7831c26a1af04c9dbd68b2f792a68e8c","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2025-10-31T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":"2025-10-31","item_codes_triggered":["5.03"],"summary_text":"Amendment to certificate of incorporation to effect a 1-for-6 reverse stock split of common stock"},"claim":"REED'S, INC.: Amendment to certificate of incorporation to effect a 1-for-6 reverse stock split of common stock (effective 2025-10-31).","evidence_excerpt":"Effective October 31, 2025 at 5:00 p.m. Eastern Time, the Company effected a 1-for-6 reverse stock split of its Common Stock (the “Reverse Stock Split”) pursuant to the Certificate of Amendment (the “Certificate of Amendment”) to the Charter filed with the Secretary of State of the State of Delaware on October 28, 2025.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-020441","anchor_url":"https://secwatch.observer/filing/0001493152-25-020441#claim-66e4319f7831c26a1af04c9dbd68b2f792a68e8c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315225020441/0001493152-25-020441-index.htm"},{"fact_type":"debt_financing","fact_key":"51215ad01453015ea58b61f1a20283a5b444d663","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2025-09-26T23:59:59+00:00","payload":{"counterparty":"Whitebox Advisors, LLC","effective_date":"2025-09-26","event":"amendment","instrument_type":"revolving_credit","interest_rate_text":null,"item_codes_triggered":["2.03"],"maturity_text":null,"principal_text":"$9.25 million"},"claim":"REED'S, INC. amended revolving credit of $9.25 million with Whitebox Advisors, LLC.","evidence_excerpt":"Pursuant to the Amendment, as of the Effective Date, (i) the aggregate principal amount of the revolving loans was reduced from $10.0 million to $9.25 million","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-015770","anchor_url":"https://secwatch.observer/filing/0001493152-25-015770#claim-51215ad01453015ea58b61f1a20283a5b444d663","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315225015770/0001493152-25-015770-index.htm"},{"fact_type":"governance_change","fact_key":"e22da7e367a344177a41872192363f81d386a93e","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2025-09-25T23:59:59+00:00","payload":{"change_type":"bylaw_amendment","effective_date":"2025-09-25","item_codes_triggered":["5.03"],"summary_text":"Adopted exclusive forum provisions for certain stockholder actions in Delaware Chancery Court and federal district courts for Securities Act claims."},"claim":"REED'S, INC.: Adopted exclusive forum provisions for certain stockholder actions in Delaware Chancery Court and federal district courts for Securities Act claims (effective 2025-09-25).","evidence_excerpt":"On September 25, 2025, the Board of Directors (the “Board”) of Reed’s, Inc. 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Snyder, Jr., Lewis Jaffe, Randle Lee Edwards, Louis Imbrogno Jr., Shufen Deng and Thomas W. Kosler to serve a one-year term until their respective successors are duly elected and qualified or until their death, resignation, removal or disqualification at the 2023-12-12 meeting.","evidence_excerpt":"To elect John J. Bello, Norman E. Snyder, Jr., Lewis Jaffe, Randle Lee Edwards, Louis Imbrogno Jr., Shufen Deng and Thomas W. 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Guidance reaffirmed.","evidence_excerpt":"natural ginger beverages, is reporting financial results for the three months\nended September 30, 2023. Q3\n2023 Financial Highlights (vs. Q3 2022): ● Net\n sales were $11.9 million compared to $12.1 million. ● Gross\n profit increased 66% to $4.0 million compared to $2.4 million, with gross margin up 1,390 basis points to 34.0% compared to 20.1%. ● Delivery","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-040114","anchor_url":"https://secwatch.observer/filing/0001493152-23-040114#claim-2a58aa4fbf73307c02d6189850731b888b82efd1","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223040114/0001493152-23-040114-index.htm"},{"fact_type":"executive_change","fact_key":"e76a058188","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2023-10-27T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2023-10-19","interim":false,"role":"Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Joann Tinnelly was appointed as Chief Financial Officer at REED'S, INC..","evidence_excerpt":"On October 19, 2023, the board of directors of Reed’s, Inc., a Delaware corporation (“Reed’s or the “company”), appointed Joann Tinnelly, age 54, to serve as its permanent Chief Financial Officer.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-038437","anchor_url":"https://secwatch.observer/filing/0001493152-23-038437#claim-e76a058188","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223038437/0001493152-23-038437-index.htm"},{"fact_type":"material_agreement","fact_key":"ef10dfd651581371743faf961249f4e16a316796","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2023-10-12T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Fifth Amendment to 10% Convertible Notes dated May 9, 2022","agreement_type":"notes_offering","counterparty":"each holder and Wilmington Savings Fund Society, FSB","effective_date":"2023-10-05","item_codes_triggered":["1.01"],"value_text":"maturity date extended from September 29, 2023 to November 28, 2023; cash payment of $211,793.31"},"claim":"REED'S, INC. amended Fifth Amendment to 10% Convertible Notes dated May 9, 2022 with each holder and Wilmington Savings Fund Society, FSB valued at maturity date extended from September 29, 2023 to November 28, 2023; cash payment of $211,793.31 (effective 2023-10-05).","evidence_excerpt":"On October 5, 2023, Reed’s Inc., a Delaware corporation (“Reed’s”) entered into a Fifth Amendment (“Amendment Agreement”) to 10% Convertible Notes dated May 9, 2022, as amended (each, a “Note”, and collectively, the “Notes”) and a Limited Waiver and Deferral Agreement (“Waiver and Deferral Agreement”) with each holder and Wilmington Savings Fund Society, FSB, holder representative and collateral agent.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-037052","anchor_url":"https://secwatch.observer/filing/0001493152-23-037052#claim-ef10dfd651581371743faf961249f4e16a316796","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223037052/0001493152-23-037052-index.htm"},{"fact_type":"earnings_release","fact_key":"4c0d8edc7307b80ae540a9b8bb7cd9ac6643895e","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2023-08-10T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"lowered","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the second quarter ended June 30, 2023","report_date":"2023-08-10","result_type":"reported_results","revenue_text":"$10.0 million"},"claim":"REED'S, INC. reported the second quarter ended June 30, 2023 results: revenue $10.0 million. 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\"Notes\")","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-005039","anchor_url":"https://secwatch.observer/filing/0001493152-23-005039#claim-7dfd2ac09ba813075ce6e896a145bc1ba4305629","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223005039/0001493152-23-005039-index.htm"},{"fact_type":"material_agreement","fact_key":"f93b0e4d99394bc7c58af0bbf0e247176ba07abc","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2023-02-14T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"10% Secured Convertible Notes","agreement_type":"notes_offering","counterparty":"holders of the notes","effective_date":"2023-02-10","item_codes_triggered":["1.01"],"value_text":null},"claim":"REED'S, INC. amended 10% Secured Convertible Notes with holders of the notes (effective 2023-02-10).","evidence_excerpt":"In addition, all of Notes were amended to increase the repayment requirement, at the option of the Holder, in the 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Reed’s\nachieved compliance with the Bid Price Rule after effecting a","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-005039","anchor_url":"https://secwatch.observer/filing/0001493152-23-005039#claim-b7daf928f8ec85a0c00186ef87f51a4162dc7d4b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223005039/0001493152-23-005039-index.htm"},{"fact_type":"executive_change","fact_key":"c1d2f08ee7","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2023-02-06T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2023-02-01","interim":false,"role":"Chief Commercial Officer","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Christopher Burleson was appointed as Chief Commercial Officer at REED'S, INC..","evidence_excerpt":"announced today the appointment of Christopher Burleson, age 41, as Chief Commercial Officer, effective February 1, 2023.","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001493152-23-003632","anchor_url":"https://secwatch.observer/filing/0001493152-23-003632#claim-c1d2f08ee7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223003632/0001493152-23-003632-index.htm"},{"fact_type":"earnings_release","fact_key":"c5d6a113bab9b3f822eb49da7e79c64b4a290e3e","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2023-02-01T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"initiated","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"FY 2023","report_date":"2023-02-01","result_type":"guidance_update","revenue_text":null},"claim":"REED'S, INC. updated its FY 2023 guidance (initiated).","evidence_excerpt":"FY 2023 Financial Outlook\nThe Company projects double-digit net revenue growth in 2023, gross margin to surpass 30%, and modified EBITDA to turn profitable by the end of the 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(“Reed’s” or the “company”) announced that its board of directors approved a 1-for-50 reverse stock split (the “Reverse Stock Split”) of the company’s issued and outstanding shares of common stock, par value $0.0001 per share. The Reverse Stock Split will become effective on Nasdaq at 12:01 a.m. Eastern Time on January 27, 2023 (the “Effective Time”), and the company’s common stock will open for trading on the Nasdaq Capital Market on a post-split basis under the company’s existing trading symbol “REED”.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-002526","anchor_url":"https://secwatch.observer/filing/0001493152-23-002526#claim-c2662f050745a7b028c998ac864e65ca4c7df9cb","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223002526/0001493152-23-002526-index.htm"},{"fact_type":"shareholder_vote","fact_key":"4f83093e21fe35eeb8d9791936907262f2a4799a","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2023-01-26T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-01-24","outcome":"passed","proposal_text":"Approve adjournment of special meeting if necessary to solicit additional proxies","proposal_type":"other","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"90,808","votes_against":"2,637,461","votes_for":"84,008,712","votes_withheld":null}]},"claim":"REED'S, INC. shareholders approved Approve adjournment of special meeting if necessary to solicit additional proxies at the 2023-01-24 meeting.","evidence_excerpt":"Proposal to approve an adjournment of the Special Meeting, if necessary, to solicit additional proxies if there are not sufficient votes in favor of Proposal No. 1. FOR: AGAINST: ABSTAIN: 84,008,712 2,637,461 90,808","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-002526","anchor_url":"https://secwatch.observer/filing/0001493152-23-002526#claim-4f83093e21fe35eeb8d9791936907262f2a4799a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223002526/0001493152-23-002526-index.htm"},{"fact_type":"shareholder_vote","fact_key":"9c091379221ff03ec4421bccc08dd0ca73fb4355","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2023-01-26T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-01-24","outcome":"passed","proposal_text":"Approve amendment to Certificate of Incorporation to effect a reverse stock split","proposal_type":"reverse_split","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"111,849","votes_against":"3,569,557","votes_for":"83,055,575","votes_withheld":null}]},"claim":"REED'S, INC. shareholders approved Approve amendment to Certificate of Incorporation to effect a reverse stock split at the 2023-01-24 meeting.","evidence_excerpt":"Proposal to approve an amendment to the company’s Certificate of Incorporation to effect a reverse stock split of the outstanding shares of the company’s common stock, par value $0.0001 per share, by a ratio of not less than one-for-six and not more than one-for-50 at any time on or prior to January 24, 2024, with the exact ratio to be set at a whole number within this range by our Board of Directors in its sole discretion. 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FY\n2022 Financial Guidance and Outlook Reed’s\nexpects 2022 net sales to range between approximately $56-59 million, reflecting growth of approximately 13-19% from 2021. The Company\nalso expects gross margin in 2022 to be approximately 25% compared to 27.4% in 2021.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-22-031404","anchor_url":"https://secwatch.observer/filing/0001493152-22-031404#claim-57901fb6b31bfe1f971204f29a99bc32c2c85970","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315222031404/0001493152-22-031404-index.htm"},{"fact_type":"earnings_release","fact_key":"8d649809edf19e0cc60d6352734d9c9320ed6cc4","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2022-11-10T23:59:59+00:00","payload":{"eps_text":"$(0.03) per share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the third quarter ended September 30, 2022","report_date":"2022-11-10","result_type":"reported_results","revenue_text":"$12.1 million"},"claim":"REED'S, INC. reported the third quarter ended September 30, 2022 results: revenue $12.1 million, EPS $(0.03) per share.","evidence_excerpt":"Net sales were $12.1 million compared to $13.4 million.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-22-031404","anchor_url":"https://secwatch.observer/filing/0001493152-22-031404#claim-8d649809edf19e0cc60d6352734d9c9320ed6cc4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315222031404/0001493152-22-031404-index.htm"},{"fact_type":"executive_change","fact_key":"36b38625e0","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2022-07-07T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2022-07-01","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Thomas W. 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Guidance reaffirmed.","evidence_excerpt":"Reed’s Reports First Quarter 2022 Results Norwalk, CT, (May 16, 2022) — Reed’s, Inc. (NASDAQ: REED) (“Reed’s” or the “Company”), owner of the nation’s leading portfolio of handcrafted, all-natural ginger beverages, is reporting financial results for the three months ended March 31, 2022. Q1 2022 Financial Highlights (vs. Q1 2021): ● Net revenue increased to $12.2 million compared to $12.1 million.","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001493152-22-013791","anchor_url":"https://secwatch.observer/filing/0001493152-22-013791#claim-19474bdb77f2a8129f27755e43ab004cdb186e6b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315222013791/0001493152-22-013791-index.htm"},{"fact_type":"executive_change","fact_key":"b460d79779","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2021-11-03T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"retirement","effective_date":null,"interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Scott R. Grossman resigned as Director at REED'S, INC..","evidence_excerpt":"On October 28, 2021, Scott R. Grossman submitted notice of his intention to resign from the board of directors (“Board”) of Reed’s Inc., a Delaware corporation (“Reed’s”) and all committees of the Board on which he serves and to not stand for reelection at the Reed’s 2021 annual meeting of stockholders.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-21-027129","anchor_url":"https://secwatch.observer/filing/0001493152-21-027129#claim-b460d79779","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315221027129/0001493152-21-027129-index.htm"},{"fact_type":"executive_change","fact_key":"41d0002463","cik":1140215,"ticker":"REED","company_name":"REED'S, INC.","filed_at":"2021-07-28T23:59:59+00:00","payload":{"action":"terminated","action_category":"departure","departure_tone":"termination","effective_date":"2021-07-22","interim":false,"role":"Vice President of Operations","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Richard H. Hubli was terminated as Vice President of Operations at REED'S, INC..","evidence_excerpt":"On July 22, 2021 Richard H. Hubli was terminated from his position as Vice President of Operations, effective immediately.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-21-017987","anchor_url":"https://secwatch.observer/filing/0001493152-21-017987#claim-41d0002463","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315221017987/0001493152-21-017987-index.htm"}]}