Reed's issues $6.5M of secured convertible notes at 11.13%; director Jerry Lewin resigns

REED'S, INC.

Holders exercised option to purchase ~$6.5M Fourth Option Notes under amended 10% Secured Convertible Notes.
Notes bear 11.13% interest, mature by Dec 15, 2024; may be prepaid with MOIC deficiency if not prepaid $1.4M.
Temporary waiver of events of default and repurchase obligations granted under the amendment.
Director Jerry Lewin resigned from board effective August 2, 2024.

item 1.01 item 2.03 item 5.02

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Departed

Jerry Lewin

Director

REED · REED'S, INC.

Effective: 2024-08-02
Filed: August 6, 2024, 7:59 PM ET

Jerry Lewin resigned from his position as a member of the board of directors of the company on August 2, 2024, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Jerry Lewin resigned as Director at REED'S, INC..

Action: resigned
Role: Director

Exact text from the filing

Jerry Lewin resigned from his position as a member of the board of directors of the company on August 2, 2024, effective immediately.

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REED'S, INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-030422

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