Reed's closes $10M private placement of 14.7M shares at $0.68/share

REED'S, INC.

Closed $10M PIPE financing on Dec 30, 2024; sold 14,705,882 shares at $0.68/share (premium to closing price).
Proceeds to be used for working capital, personnel, marketing, strategic M&A, and international expansion.
Shares issued in private placement under Section 4(a)(2) and/or Rule 506(b); registration rights agreement filed.
CEO Norman Snyder states financing supports goal of returning to sustainable growth and profitability in 2025.

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