---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-045141"
form_type: "8-K"
ticker: "REED"
cik: "0001140215"
company_name: "REED'S, INC."
filed_at: "2026-09-30T21:09:25+00:00"
generated_at: "2026-10-12T14:09:42.319185+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-045141
- form_type: 8-K
- ticker: REED
- cik: 0001140215
- company_name: REED'S, INC.
- filed_at: 2026-09-30T21:09:25+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1140215/000149315226045141/0001493152-26-045141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140215/000149315226045141/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-045141
- JSON: https://secwatch.observer/filing/0001493152-26-045141.json
- Plain text: https://secwatch.observer/filing/0001493152-26-045141.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.