secwatch.observer — SEC 8-K summary
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Issuer:     REED'S, INC. (REED)
CIK:        0001140215
Form:       8-K/A
Filed at:   2024-04-03T23:59:59+00:00
Accession:  0001493152-24-012926
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140215/000149315224012926/0001493152-24-012926-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140215/000149315224012926/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-012926

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