Financing ·
Reed's raises $10M via private placement of 17.4M shares at $0.574
REEDReed's, Inc.
Reed’s, Inc. entered into a securities purchase agreement with majority stockholder D&D Source of Life Holding, Ltd., to issue and sell 17,421,602 shares of common stock in a private placement at $0.574 per share, generating approximately $10.0 million in gross proceeds. The transaction is expected to close on or about November 6, 2026, with net proceeds intended for working capital and general corporate purposes. This equity raise satisfies a requirement under the company's Senior Secured Loan and Security Agreement to receive at least $10.0 million in cash equity contributions by that date. The company also entered into a registration rights agreement to file a resale registration statement within 70 days of closing. Reed’s, Inc. manufactures and distributes natural and organic beverages.