Reed’s amends Whitebox loan with $11M liquidity covenant and $2.5M equity deadline

REED'S, INC.

Reed’s entered Amendment No. 3 to its senior secured Loan Agreement with Whitebox Advisors affiliates and Cantor Fitzgerald Securities on Nov. 6, 2026.
Amendment sets a Cash/Inventory/AR Liquidity minimum of $11,000,000 at any time during the Increased Liquidity Period and monthly thereafter.
New Event of Default if Reed’s fails to receive at least $2,500,000 in cash equity contributions by Nov. 20, 2026.
Reed’s must pay Whitebox or its designee a non-refundable $25,000 extension fee by Nov. 20, 2026; failure is an Event of Default.
Private Placement is expected to close by Nov. 20, 2026; Reed’s has received $7,500,000 in gross proceeds as of the filing date.

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