---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-012926"
form_type: "8-K/A"
ticker: "REED"
cik: "0001140215"
company_name: "REED'S, INC."
filed_at: "2024-04-03T23:59:59+00:00"
generated_at: "2026-06-04T02:43:36.311951+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Reed's extends noteholder waivers to Apr 30, 2024; converts ~$4.1M SAFEs to equity

## Summary
- Amended waiver extends default and amortization-payment waivers from Mar 31 to Apr 30, 2024.
- Option Notes maturity date changed to earlier of Mar 31, 2025 or 91 days before junior debt maturity.
- Company paid $100,000 partial interest; SAFE investments (~$4.1M) expected to convert before Apr 30, 2024.
- ABL facility cap raised to $8M (May 1–Sep 30, 2024) per amended Permitted Indebtedness definition.
- Outstanding ABL excess fees listed; each monthly fee from Nov 2023–Mar 2024 reduced by $150k if conversion by Apr 30.

## SEC filing metadata
- accession: 0001493152-24-012926
- form_type: 8-K/A
- ticker: REED
- cik: 0001140215
- company_name: REED'S, INC.
- filed_at: 2024-04-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1140215/000149315224012926/0001493152-24-012926-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140215/000149315224012926/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-012926
- JSON: https://secwatch.observer/filing/0001493152-24-012926.json
- Plain text: https://secwatch.observer/filing/0001493152-24-012926.txt

## Key facts
- Material Agreements
  REED'S, INC. amended Amendment with each holder of its 10% Secured Convertible Notes and Wilmington Savings Fund Society, FSB (effective 2024-04-01).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: each holder of its 10% Secured Convertible Notes and 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140215/000149315224012926/0001493152-24-012926-index.htm

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