---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-012856"
form_type: "8-K"
ticker: "REED"
cik: "0001140215"
company_name: "REED'S, INC."
filed_at: "2024-04-02T23:59:59+00:00"
generated_at: "2026-06-04T03:19:44.490866+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Reed's extends note default waivers to April 30, pays $100K interest, amends terms

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-012856
- form_type: 8-K
- ticker: REED
- cik: 0001140215
- company_name: REED'S, INC.
- filed_at: 2024-04-02T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1140215/000149315224012856/0001493152-24-012856-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140215/000149315224012856/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-012856
- JSON: https://secwatch.observer/filing/0001493152-24-012856.json
- Plain text: https://secwatch.observer/filing/0001493152-24-012856.txt

## Key facts
- Debt Financings
  REED'S, INC. amended senior notes with Wilmington Savings Fund Society, FSB at 10% maturing March 31, 2023.
  - Instrument: senior notes
  - Counterparty: Wilmington Savings Fund Society, FSB
  - Rate: 10%
  - Maturity: March 31, 2023
  - Event: amendment
  source text: On April 1, 2024, Reed’s, a Delaware corporation (“Reed’s” or the “company”), each holder of its 10% Secured Convertible Notes (the “Notes”) and Wilmington Savings Fund Society, FSB, holder representative and collateral agent, entered into an Amendment (“Amendment”) to Limited Waiver, Deferral, and Amendment and Restatement Agreement dated February 12, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140215/000149315224012856/0001493152-24-012856-index.htm
- Material Agreements
  REED'S, INC. amended Amendment with Wilmington Savings Fund Society, FSB (effective 2024-04-01).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wilmington Savings Fund Society, FSB
  - Effective: 2024-04-01
  source text: On April 1, 2024, Reed’s, a Delaware corporation (“Reed’s” or the “company”), each holder of its 10% Secured Convertible Notes (the “Notes”) and Wilmington Savings Fund Society, FSB, holder representative and collateral agent, entered into an Amendment (“Amendment”) to Limited Waiver, Deferral, and Amendment and Restatement Agreement dated February 12, 2024 ("Waiver Agreement," as amended, by the Amendment the “Amended Waiver”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140215/000149315224012856/0001493152-24-012856-index.htm

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