Reed's converts revolver to $9.25M term loan at 8.75%, adds $10M equity raise requirement by Nov 6, 2026

REED'S, INC.

Revolving credit commitments terminated and converted into a $9,250,000 term loan; interest now 8.75% (up from 8.00%), payable monthly.
Maturity extended to June 30, 2027, with optional three-month extension to Sept 30, 2027 at 9.25% if term loans cut to no more than $8,400,000 by June 30, 2027.
New Event of Default requires Reed's to receive at least $10,000,000 in aggregate cash equity contributions by November 6, 2026.
Inventory-plus-accounts-receivable liquidity covenant waived only through November 6, 2026; unused revolving loan fee eliminated and certain mandatory prepayment terms changed.
Whitebox Advisors affiliates serve as lenders; $25,000 amendment fee payable to Whitebox by Nov 6, 2026, with non-payment an Event of Default.

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