---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-019681"
form_type: "8-K"
ticker: "REED"
cik: "0001140215"
company_name: "REED'S, INC."
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:11:17.738714+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Reed's closes $5.6M financing with $4.1M PIPE and $1.5M note extension

## Summary
- PIPE of $4.1M at $2.585/share; warrants for 1/5 share at $2.50 for 3 years.
- Lead investor D&D (Hong Kong) forms import/export alliance with Reed's.
- Note holders add $1.5M, extend maturity to Sept 29, 2023, waive defaults.
- Proceeds for inventory and working capital; CEO says fortifies balance sheet.
- Largest shareholders participated; confidence in back-half 2023 growth.

## SEC filing metadata
- accession: 0001493152-23-019681
- form_type: 8-K
- ticker: REED
- cik: 0001140215
- company_name: REED'S, INC.
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1140215/000149315223019681/0001493152-23-019681-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140215/000149315223019681/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-019681
- JSON: https://secwatch.observer/filing/0001493152-23-019681.json
- Plain text: https://secwatch.observer/filing/0001493152-23-019681.txt

## Key facts
- Material Agreements
  REED'S, INC. entered into Securities Purchase Agreement with D&D Source of Life Holding Ltd. valued at $4.1 million (effective 2023-05-25).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: D&D Source of Life Holding Ltd.
  - Value: $4.1 million
  - Effective: 2023-05-25
  source text: On May 25, 2023, Reed’s, Inc., a Delaware corporation (“ Reed’s ” or the “ company ”) entered into a Securities Purchase Agreement (“ Purchase Agreement ”) with D&D Source of Life Holding Ltd., as the lead investor, and certain of Reed’s affiliates pursuant to which the investors agreed to purchase, and Reed’s agreed to issue and sell to the investors, in a private placement, an aggregate of 1,566,732 shares (“ Shares ”) of Reed’s common stock, $0.0001 par value (“ Common Stock ”), and warrants (“ Warrants” ) to purchase 313,346 shares of Common Stock (the “ Private Placement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140215/000149315223019681/0001493152-23-019681-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.