secwatch.observer — SEC 8-K summary
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Issuer:     REED'S, INC. (REED)
CIK:        0001140215
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001493152-23-002526
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 3.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reed's announces 1-for-50 reverse stock split effective Jan 27, 2023 to meet Nasdaq bid price requirement
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- Shareholders approved reverse stock split at ratio 1-for-50; effective Jan 27, 2023.
- Outstanding shares reduced from ~126M to ~2.5M; new CUSIP 758338305.
- Proportional adjustments to outstanding options and warrants.
- Company intends to pursue additional actions to satisfy Nasdaq stockholders' equity requirement.
- Vote results: 83,055,575 for, 3,569,557 against, 111,849 abstain (quorum 68.8%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140215/000149315223002526/0001493152-23-002526-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140215/000149315223002526/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-002526

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