secwatch.observer — SEC 8-K summary
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Issuer:     REED'S, INC. (REED)
CIK:        0001140215
Form:       8-K
Filed at:   2025-09-16T23:59:59+00:00
Accession:  0001493152-25-013710
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reed's closes $5M PIPE of 5M shares at $1; director Edwards resigns, Tu appointed
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- Raised $5.0M gross via private placement of 5M shares at $1.00/share to six accredited investors; closed Sept 15, 2025.
- Proceeds to be used for working capital and general corporate purposes.
- Director Randle Lee Edwards resigned effective Sept 10, 2025; no disagreement with company.
- Board appointed Michael Tu to fill vacancy; Tu will serve on Audit, Compensation, and Governance Committees.
- Shares issued under Section 4(a)(2) and Rule 506(b) exemption; registration rights agreement requires resale registration within 15 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140215/000149315225013710/0001493152-25-013710-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140215/000149315225013710/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-013710

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