other material
confidence high
sentiment neutral
materiality 0.60
Reed's raises ~$9.0M in underwritten public offering; begins trading on NYSE American
REED'S, INC.
- Offered 2.5M shares and warrants at $4.00 per unit; net proceeds ~$9.0M after costs.
- Warrants exercisable at $4.50 per share, expire December 8, 2030.
- Controlling stockholder D&D Source of Life purchased ~$5.0M of the offering.
- Common stock uplisted to NYSE American on December 5, 2025; OTCQX trading ended.
- Bylaws amended effective December 5, 2025 to enhance stockholder nomination procedures and other provisions.