other material
confidence high
sentiment neutral
materiality 0.80
Reed's majority stockholder approves reverse stock split (1:3 to 1:9)
REED'S, INC.
- Stockholder owning ~52.8% of shares approved reverse split via written consent on Sept 29, 2025.
- Split ratio range: not less than 1-for-3 and not greater than 1-for-9, no reduction in authorized shares.
- Preliminary Information Statement on Schedule 14C filed Sept 30, 2025; definitive filing planned.
- Reverse split effective no earlier than 20 calendar days after definitive 14C filed with SEC.