secwatch.observer — SEC 8-K summary
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Issuer:     REED'S, INC. (REED)
CIK:        0001140215
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001493152-24-043377
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Three directors resign from Reed's board; Whitebox transfers secured notes to majority stockholder
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- John J. Bello (Chairman), Louis Imbrogno, Jr., and Thomas W. Kosler resigned from board on Oct 28-29, 2024.
- Bello had been Chairman and served on operating committee; Kosler was audit committee chair; Imbrogno served on governance, audit, and compensation committees.
- On Oct 10, 2024, Whitebox funds sold their entire interests in eight secured promissory notes of Reed's to majority stockholder D&D Source of Life Holding Ltd.
- The notes are secured by substantially all of Reed's assets, including intellectual property.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140215/000149315224043377/0001493152-24-043377-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140215/000149315224043377/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-043377

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