Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
REED'S, INC.: Reverse stock split at 1-for-50 ratio via amendment to Certificate of Incorporation, effective January 27, 2023 (effective 2023-01-27).
- Change
- charter amendment
- Effective
- 2023-01-27
Exact text from the filing
On January 25, 2023, Reed’s, Inc., a Delaware corporation (“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”.
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Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
REED'S, INC. shareholders approved Approve adjournment of special meeting if necessary to solicit additional proxies at the 2023-01-24 meeting.
- Outcome
- passed
- Meeting
- 2023-01-24
Exact text from the filing
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
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
REED'S, INC. shareholders approved Approve amendment to Certificate of Incorporation to effect a reverse stock split at the 2023-01-24 meeting.
- Proposal
- reverse split
- Outcome
- passed
- Meeting
- 2023-01-24
Exact text from the filing
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. FOR: AGAINST: ABSTAIN: 83,055,575 3,569,557 111,849
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