secwatch / observer

REED'S, INC. — fact timeline

Source-grounded facts extracted from REED'S, INC.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

REED REED'S, INC. JSON
Shareholder Votes

REED'S, INC. shareholders approved Non-Binding Advisory Vote on the Frequency of Stockholder Advisory Votes on the Compensation of the Company’s Named Executive Officers.

“5. Non-Binding Advisory Vote on the Frequency of Stockholder Advisory Votes on the Compensation of the Company’s Named Executive Officers One Year Two Years Three Years Abstentions Broker Non-Votes 176,660 4,300 6,893,600 269 1,035,603 The Company’s stockholders voted three years for the frequency of stockholder advisory votes on the compensation of the Company’s named executive officers.”
Shareholder Votes

REED'S, INC. shareholders approved Non-Binding Advisory Vote on the Compensation of the Company’s Named Executive Officers.

“4. Non-Binding Advisory Vote on the Compensation of the Company’s Named Executive Officers For Against Abstentions Broker Non-Votes 7,068,913 5,756 160 1,035,603 The Company’s stockholders passed the advisory vote on the compensation of the Company’s named executive officers.”
Shareholder Votes

REED'S, INC. shareholders approved Approval of the 2026 Equity Incentive Plan.

“3. Approval of the 2026 Equity Incentive Plan For Against Abstentions Broker Non-Votes 6,896,454 178,156 219 1,035,603 The Company’s stockholders approved the 2026 Plan.”
Shareholder Votes

REED'S, INC. shareholders approved Ratification of Selection of Independent Registered Public Accounting Firm at the 2026-12-31 meeting.

“2. Ratification of Selection of Independent Registered Public Accounting Firm For Against Abstentions 8,099,074 10,794 564 The Company’s stockholders ratified the appointment of Weinberg & Company P.A. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.”
Shareholder Votes

REED'S, INC. shareholders approved Election of Directors.

“1. Election of Directors Name For Withhold Broker Non-Votes Shufen Deng 7,069,234 5,595 1,035,603 Neal M. Cohane 7,069,872 4,957 1,035,603 Michael C. Tu 7,069,534 5,295 1,035,603 Sam Van 7,069,370 5,459 1,035,603 Rudolf J. M. Bakker 7,069,373 5,456 1,035,603 Each of Shufen Deng, Neal M. Cohane, Michael C. Tu, Sam Van, and Rudolf J. M. Bakker were elected as directors”
Listing & Compliance Notices

REED'S, INC. received a nyse_american deficiency notice notice regarding stockholders equity (rules 1003(a)(ii), 1003(a)(iii)).

“May 29, 2026, Reed’s, Inc. (the “Company”) received a notice (the “Notice”) from the NYSE American LLC (the “NYSE American”) stating that the Company is not in compliance with the NYSE American continued listing standards set forth in Section 1003(a)(ii) of the Company Guide requiring a company to have stockholders’ equity of at least $4.0 million if it has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years and Section 1003(a)(iii) of the Company Guide requiring a company to have stockholders’ equity at least $6.0 million if it has report”
Earnings Releases

REED'S, INC. reported the three months ended March 31, 2026 results: revenue $7.1 million, net income Net loss was $6.5 million.

“handcrafted, natural ginger beverages, today announced financial results for the three months ended March 31, 2026. Q1 2026 Financial Highlights (vs. Q1 2025): ● Net sales were $7.1 million compared to $10.0 million. ● Gross profit was $0.7 million compared to $3.4 million, with gross margin of 10% compared to 34%. ● Delivery and handling costs were $2.57 per case”
Earnings Releases

REED'S, INC. reported financial results for the three months and 12 months ended December 31, 2025.

“On March 24, 2026, Reed’s, Inc., a Delaware corporation (the “Company”), issued a press release announcing financial results for the quarter and year ended December 31, 2025.”
Governance Changes

REED'S, INC.: Adopted Second Amended and Restated Bylaws effective upon NYSE American listing, with changes to stockholder nomination procedures, remote meeting attendance, stockholder list requirement, adjournment for technical failure, indemnification, and technical updates (effective 2025-12-05).

“Amended Bylaws On December 5, 2025, upon the listing of Reed’s, Inc.’s (the “Company’s”) common stock, par value $0.0001 per share (“Common Stock”), on the NYSE American LLC (the “NYSE American”), the Company’s Second Amended and Restated Bylaws (the “Bylaws”) became effective.”
Governance Changes

REED'S, INC.: Amendment to certificate of incorporation to effect a 1-for-6 reverse stock split of common stock (effective 2025-10-31).

“Effective October 31, 2025 at 5:00 p.m. Eastern Time, the Company effected a 1-for-6 reverse stock split of its Common Stock (the “Reverse Stock Split”) pursuant to the Certificate of Amendment (the “Certificate of Amendment”) to the Charter filed with the Secretary of State of the State of Delaware on October 28, 2025.”
Debt Financings

REED'S, INC. amended revolving credit of $9.25 million with Whitebox Advisors, LLC.

“Pursuant to the Amendment, as of the Effective Date, (i) the aggregate principal amount of the revolving loans was reduced from $10.0 million to $9.25 million”
Governance Changes

REED'S, INC.: Adopted exclusive forum provisions for certain stockholder actions in Delaware Chancery Court and federal district courts for Securities Act claims (effective 2025-09-25).

“On September 25, 2025, the Board of Directors (the “Board”) of Reed’s, Inc. (the “Company”) approved and adopted an amendment (the “Bylaws Amendment”) to the bylaws of the Company, effective immediately.”
Equity Issuances

REED'S, INC. issued 5,000,000 shares of common stock to six accredited investors for $1.00 per Share.

“On September 12, 2025, Reed’s, Inc., a Delaware corporation (the “ Company ”), entered into a securities purchase agreement (the “ Purchase Agreement ”) with six accredited investors for the issuance and sale in a private placement (the “ Private Placement ”) of 5,000,000 shares (the “ Shares ”) of common stock, $0.0001 par value per share, at a purchase price of $1.00 per Share, for aggregate gross proceeds of $5.0 million.”

Cyril Wallace was appointed as Director at REED'S, INC..

“On May 16, 2025, the Company appointed Cyril Wallace, the Company’s Chief Executive Officer, to the Company’s board of directors.”

Rudolph "Rudd" Bakker was appointed as Director at REED'S, INC..

“On May 14, 2025, the Company appointed Rudolph “Rudd” Bakker, age 59, to the Company’s board of directors.”

Cyril Wallace was appointed as Chief Executive Officer at REED'S, INC..

“The disclosures set forth in Item 1.01 regarding Cyril Wallace’s appointment as Chief Executive Officer and the terms of the Employment Agreement are incorporated into this section (c) by this reference.”

Norman E. Snyder departed as Chief Executive Officer and Director at REED'S, INC..

“The disclosures set forth in Item 1.01 regarding Norman E. Snyder’s retirement and resignation from the positions of Chief Executive Officer and director and the terms of the Transition Agreement are incorporated into this section (b) by this reference.”

Lewis Jaffe resigned as Director at REED'S, INC..

“On March 17, 2025, Lewis Jaffe submitted his resignation from the Board of Directors (“Board”) of Reed’s, Inc., a Delaware corporation (“Reed’s” or the “company”), to be effective March 31, 2025.”

Douglas W. McCurdy was appointed as Chief Financial Officer at REED'S, INC..

“Effective February 10, 2025, Douglas W. McCurdy, age 59, will assume the role of Chief Financial Officer.”

Joann Tinnelly changed role as Chief Accounting Officer at REED'S, INC..

“Joann Tinnelly, Reed’s Chief Financial Officer, has agreed to transition to the position of Chief Accounting Officer effective February 10, 2025.”

Thomas W. Kosler resigned as Director at REED'S, INC..

“On October 29, Thomas W. Kosler also resigned from the board.”

Louis Imbrogno, Jr. resigned as Director at REED'S, INC..

“On October 28, John J. Bello and Louis Imbrogno, Jr. resigned from the board of directors (“board”) of Reed’s, Inc., a Delaware corporation (“Reed’s”).”

John J. Bello resigned as Chairman of the Board at REED'S, INC..

“On October 28, John J. Bello and Louis Imbrogno, Jr. resigned from the board of directors (“board”) of Reed’s, Inc., a Delaware corporation (“Reed’s”).”

Sam Van was appointed as member of the board of directors at REED'S, INC..

“On October 21, 2024, the board of directors of Reed’s, Inc., a Delaware corporation (“Reed’s”), upon recommendation from its governance committee, appointed Sam Van to serve as a member of its board of directors, to fill an existing vacancy, until his successor is elected and qualified, or until he resigns or is removed.”

Jerry Lewin resigned as Director at REED'S, INC..

“Jerry Lewin resigned from his position as a member of the board of directors of the company on August 2, 2024, effective immediately.”

Jerry Lewin was appointed as Director at REED'S, INC..

“On July 12, 2024, upon recommendation from the governance committee, the board of directors of Reed’s, Inc., a Delaware corporation (“Reed’s” or the “company”) increased the number of board seats from seven (7) to eight (8) and appointed Jerry Lewin to serve as a director to fill the newly created vacancy.”
Earnings Releases

REED'S, INC. reported three months ended March 31, 2024 results: revenue $9.6 million, EPS $(0.16) per share. Guidance reaffirmed.

“of handcrafted, natural ginger beverages, is reporting financial results for the three months ended March 31, 2024. Q1 2024 Financial Highlights (vs. Q1 2023): ● Net sales were $9.6 million compared to $11.2 million. ● Gross profit increased 26% to $3.4 million, with gross margin up 1,140 bps to 35.6%. ● Delivery and handling costs were reduced by 29% to $3.01 per”
Material Agreements

REED'S, INC. amended Amendment with each holder of its 10% Secured Convertible Notes and Wilmington Savings Fund Society, FSB (effective 2024-04-01).

“On April 1, 2024, Reed’s, a Delaware corporation (“Reed’s” or the “company”), each holder of its 10% Secured Convertible Notes (the “Notes”) and Wilmington Savings Fund Society, FSB, holder representative and collateral agent, entered into an Amendment (“Amendment”) to Limited Waiver, Deferral, and Amendment and Restatement Agreement dated February 12, 2024”
Debt Financings

REED'S, INC. amended senior notes with Wilmington Savings Fund Society, FSB at 10% maturing March 31, 2023.

“On April 1, 2024, Reed’s, a Delaware corporation (“Reed’s” or the “company”), each holder of its 10% Secured Convertible Notes (the “Notes”) and Wilmington Savings Fund Society, FSB, holder representative and collateral agent, entered into an Amendment (“Amendment”) to Limited Waiver, Deferral, and Amendment and Restatement Agreement dated February 12, 2024”
Material Agreements

REED'S, INC. amended Amendment with Wilmington Savings Fund Society, FSB (effective 2024-04-01).

“On April 1, 2024, Reed’s, a Delaware corporation (“Reed’s” or the “company”), each holder of its 10% Secured Convertible Notes (the “Notes”) and Wilmington Savings Fund Society, FSB, holder representative and collateral agent, entered into an Amendment (“Amendment”) to Limited Waiver, Deferral, and Amendment and Restatement Agreement dated February 12, 2024 ("Waiver Agreement," as amended, by the Amendment the “Amended Waiver”).”
Earnings Releases

REED'S, INC. updated its full year 2024 guidance (initiated).

“FY 2024 Financial Outlook The Company projects net sales growth, gross margin expansion, and to achieve modified EBITDA profitability for the full year 2024.”
Earnings Releases

REED'S, INC. reported twelve months ended December 31, 2023 results: revenue $44.7 million.

“FY 2023 Financial Highlights (vs. FY 2022): ● Net sales were $44.7 million compared to $53.0 million.”
Earnings Releases

REED'S, INC. reported three months ended December 31, 2023 results: revenue $11.7 million.

“Q4 2023 Financial Highlights (vs. Q4 2022): ● Net sales were $11.7 million compared to $15.0 million.”
Debt Financings

REED'S, INC. amended convertible notes with Holders of 10% Secured Convertible Notes (represented by Wilmington Savings Fund Society, FSB) at 10% per annum maturing one year from the date of execution of the Amended and Restated Option Notes.

“On February 12, 2024, Reed’s entered into a Limited Waiver, Deferral, and Amendment and Restatement Agreement (“Waiver and Amendment”) with each holder of its 10% Secured Convertible Notes (the “Notes”) and Wilmington Savings Fund Society, FSB, holder representative and collateral agent.”
Material Agreements

REED'S, INC. amended Limited Waiver, Deferral, and Amendment and Restatement Agreement with each holder of its 10% Secured Convertible Notes and Wilmington Savings Fund Society, FSB (effective 2024-02-12).

“On February 12, 2024, Reed’s entered into a Limited Waiver, Deferral, and Amendment and Restatement Agreement (“Waiver and Amendment”) with each holder of its 10% Secured Convertible Notes (the “Notes”) and Wilmington Savings Fund Society, FSB, holder representative and collateral agent.”
Material Agreements

REED'S, INC. entered into Simple Agreements for Future Equity with D&D Source of Life Holding LTD and Union Square Park Partners LLP valued at approximately $3.8 million (effective 2024-02-08).

“On February 8, 2024, Reed’s, Inc., a Delaware corporation (“Reed’s” or the “Company”), closed on approximately $3.8 million in aggregate gross proceeds from Simple Agreements for Future Equity (“SAFE”) investments with significant stockholders of the Company, D&D Source of Life Holding LTD (“D&D”) and Union Square Park Partners LLP.”
Shareholder Votes

REED'S, INC. shareholders approved Ratification of the appointment of Weinberg & Company, P.A. as our independent registered public accounting firm for the fiscal year ending December 31, 2024 at the 2023-12-12 meeting.

“To ratify the Auditor Ratification Proposal: Vote Vote For Against Abstentions 2,486,360 24,841 5,579”
Shareholder Votes

REED'S, INC. shareholders approved Election of John J. Bello, Norman E. Snyder, Jr., Lewis Jaffe, Randle Lee Edwards, Louis Imbrogno Jr., Shufen Deng and Thomas W. Kosler to serve a one-year term until their respective successors are duly elected and qualified or until their death, resignation, removal or disqualification at the 2023-12-12 meeting.

“To elect John J. Bello, Norman E. Snyder, Jr., Lewis Jaffe, Randle Lee Edwards, Louis Imbrogno Jr., Shufen Deng and Thomas W. Kosler to serve a one-year term until their respective successors are duly elected and qualified or until their death, resignation, removal or disqualification:”
Earnings Releases

REED'S, INC. reported three months ended September 30, 2023 results: revenue $11.9 million, EPS $(0.03) per share. Guidance reaffirmed.

“natural ginger beverages, is reporting financial results for the three months ended September 30, 2023. Q3 2023 Financial Highlights (vs. Q3 2022): ● Net sales were $11.9 million compared to $12.1 million. ● Gross profit increased 66% to $4.0 million compared to $2.4 million, with gross margin up 1,390 basis points to 34.0% compared to 20.1%. ● Delivery”

Joann Tinnelly was appointed as Chief Financial Officer at REED'S, INC..

“On October 19, 2023, the board of directors of Reed’s, Inc., a Delaware corporation (“Reed’s or the “company”), appointed Joann Tinnelly, age 54, to serve as its permanent Chief Financial Officer.”
Material Agreements

REED'S, INC. amended Fifth Amendment to 10% Convertible Notes dated May 9, 2022 with each holder and Wilmington Savings Fund Society, FSB valued at maturity date extended from September 29, 2023 to November 28, 2023; cash payment of $211,793.31 (effective 2023-10-05).

“On October 5, 2023, Reed’s Inc., a Delaware corporation (“Reed’s”) entered into a Fifth Amendment (“Amendment Agreement”) to 10% Convertible Notes dated May 9, 2022, as amended (each, a “Note”, and collectively, the “Notes”) and a Limited Waiver and Deferral Agreement (“Waiver and Deferral Agreement”) with each holder and Wilmington Savings Fund Society, FSB, holder representative and collateral agent.”
Earnings Releases

REED'S, INC. reported the second quarter ended June 30, 2023 results: revenue $10.0 million. Guidance lowered.

“During the second quarter of 2023, net sales were $10.0 million compared to $13.7 million in the year-ago period.”

Shufen Deng was elected as director at REED'S, INC..

“upon recommendation from the governance committee of the board, the board elected Shufen Deng to serve as a director to fill the vacancy created on the board by Mr. Zaltzman’s resignation.”

Leon M. Zaltzman resigned as director at REED'S, INC..

“On July 7, 2023, Leon M. Zaltzman resigned from the board of directors (the “board”) of Reed’s, Inc., a Delaware corporation (the “company” or “Reed’s”).”
Earnings Releases

REED'S, INC. reported the three months ended March 31, 2023 results: revenue $11.2 million, EPS $(1.01) per share.

“of handcrafted, natural ginger beverages, is reporting financial results for the three months ended March 31, 2023. Q1 2023 Financial Highlights (vs. Q1 2022): ● Net sales were $11.2 million compared to $12.2 million. ● Gross profit was $2.7 million compared to $2.9 million, with gross margin of 24.2% compared to 24.1%. ● Delivery and handling costs declined 25% to”
Material Agreements

REED'S, INC. entered into Securities Purchase Agreement with D&D Source of Life Holding Ltd. valued at $4.1 million (effective 2023-05-25).

“On May 25, 2023, Reed’s, Inc., a Delaware corporation (“ Reed’s ” or the “ company ”) entered into a Securities Purchase Agreement (“ Purchase Agreement ”) with D&D Source of Life Holding Ltd., as the lead investor, and certain of Reed’s affiliates pursuant to which the investors agreed to purchase, and Reed’s agreed to issue and sell to the investors, in a private placement, an aggregate of 1,566,732 shares (“ Shares ”) of Reed’s common stock, $0.0001 par value (“ Common Stock ”), and warrants (“ Warrants” ) to purchase 313,346 shares of Common Stock (the “ Private Placement ”).”

Joann Tinnelly was appointed as Interim Chief Financial Officer at REED'S, INC..

“On March 31, 2023, Reed’s, Inc., a Delaware corporation (“Reed’s or the “company”) announced the appointment of Joann Tinnelly as Interim Chief Financial Officer, effective March 31, 2023.”
Earnings Releases

REED'S, INC. updated its FY 2023 guidance (reaffirmed).

“The Company is reiterating its previously issued guidance and projects double-digit net revenue growth in 2023, gross margin to surpass 30%, $6 million of operating expense reductions and modified EBITDA to turn profitable by the second half of 2023.”
Earnings Releases

REED'S, INC. reported three months ended December 31, 2022 results: revenue $15.0 million, EPS ($1.19) per share.

“2 ex99-1.htm Exhibit 99.1 Reed’s Reports Fourth Quarter and Full Year 2022 Results and Reiterates Its 2023 Financial Outlook - Q4 2022 Net Sales Grew 18% to a Record $15.0 million, Gross Margins Expanded +250bps and Operating Expenses Declined 10% - - Continued Double-Digit Net Sales Growth, Gross Margin Expansion and Operating Expense Reductions to Drive”
Earnings Releases

REED'S, INC. reported three and twelve months ended December 31, 2022 results: revenue $15.0 million Q4 2022; $53.0 million FY 2022, EPS ($1.19) per share Q4 2022; no FY 2022 EPS provided.

“On March 29, 2023 Reed’s, Inc., a Delaware corporation (the “company” or “Reed’s”) issued a press release announcing financial results for the fourth quarter and full fiscal year ended December 31, 2022.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.