secwatch.observer — SEC 8-K summary
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Issuer:     REED'S, INC. (REED)
CIK:        0001140215
Form:       8-K
Filed at:   2026-09-30T21:09:25+00:00
Accession:  0001493152-26-045141
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140215/000149315226045141/0001493152-26-045141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140215/000149315226045141/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-045141

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