Recent Updates — REED

Reed's, Inc. entered into Amendment No. 2 to its Senior Secured Loan and Security Agreement with Whitebox Advisors LLC on September 30, 2026. The amendment terminated existing revolving credit commitments and converted them into a new tranche of term loans totaling $9,250,000. Interest rates increased from 8.00% to 8.75% per annum, with an optional extension to September 30, 2027, raising the rate to 9.25% if specific conditions are met. The maturity date was extended to June 30, 2027, and unused revolving fees were eliminated. A liquidity covenant waiver is in effect through November 6, 2026. Additionally, the company must secure at least $10,000,000 in aggregate cash equity contributions by November 6, 2026, or face a new event of default. Reed's, Inc. manufactures and distributes natural beverages.