Financing ·
Reed's raises $10M in private placement with majority stockholder to satisfy loan covenant
REEDReed's, Inc.
Reed’s, Inc. completed a private placement of its common stock on November 9, 2026, issuing shares to D&D Source of Life Holding, Ltd., the company’s majority stockholder. The transaction generated approximately $10.0 million in aggregate gross proceeds before offering expenses. This capital raise fulfilled a requirement under the company's Senior Secured Loan and Security Agreement to receive at least $10.0 million in cash equity contributions by November 20, 2026. Reed’s, Inc. manufactures and distributes natural and organic beverages.