Earnings summaries and quarterly performance for REED'S.
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Recent press releases and 8-K filings for REED.
Reed's, Inc. Completes Underwritten Public Offering and Amends Bylaws
REED
New Projects/Investments
Convertible Preferred Issuance
Delisting/Listing Issues
- Reed's, Inc. completed an underwritten public offering on December 8, 2025, selling 2,500,000 shares of common stock and warrants to purchase up to 2,500,000 shares of common stock at a combined public offering price of $4.00 per unit.
- The underwriters partially exercised an overallotment option on December 5, 2025, for warrants to purchase an additional 375,000 shares of common stock.
- The offering generated approximately $9.0 million in net proceeds for the company, which it intends to use for growth initiatives, working capital, and general corporate purposes, including debt repayment.
- The warrants have an exercise price of $4.50 per share and will expire on December 8, 2030.
- On December 5, 2025, the company's Second Amended and Restated Bylaws became effective upon listing on the NYSE American LLC, enhancing procedural mechanics for stockholder nominations and permitting remote communication for meetings.
Dec 8, 2025, 9:15 PM
Reed's, Inc. Closes Public Offering and Uplists to NYSE American
REED
Delisting/Listing Issues
- Reed's, Inc. announced the closing of its public offering of 2,500,000 shares of common stock and warrants to purchase an equal number of shares, generating approximately $10 million in gross proceeds.
- Each share of common stock and accompanying warrant were sold at a combined public offering price of $4.00, with the warrants having an exercise price of $4.50 per share.
- The company's common stock began trading on the NYSE American LLC stock exchange on December 5, 2025, following approval for listing, which terminated its trading on the OTC Markets’ OTCQX Best Market.
- CEO Cyril Wallace stated that the move to NYSE American is expected to provide improved liquidity for shareholders and enhance visibility to a broader investor base.
Dec 8, 2025, 9:05 PM
REED'S INC. Details New Leadership, Strategic Growth Plans, and 2026 Financial Targets
REED
Management Change
New Projects/Investments
Guidance Update
- REED'S INC. has appointed a new executive leadership team, including Cyril Wallace as CEO (April 2025) and Doug McCurdy as CFO (February 2025), alongside several new Board members.
- The company is undergoing a strategic evolution, focusing on brand modernization, accelerating functional innovation, and expanding into Asia (China, Hong Kong, Japan, Singapore).
- REED'S has restored its financial foundation through debt restructuring and $18 million in growth capital, targeting double-digit Net Sales Growth, 35%+ Gross Margin, and EBITDA profitability by 2026.
- Commercial acceleration efforts include expanding its U.S. footprint from 32,000+ doors nationwide to a target of 50,000+ doors by 2026, and achieved +4% distribution growth and +14% natural channel growth in 2025.
Nov 11, 2025, 11:00 PM
Reed's Reports Q3 2025 Results, Announces Leadership Appointments and Reverse Stock Split
REED
Earnings
Management Change
Delisting/Listing Issues
- Reed's reported net sales increased 4% to $7.0 million in Q3 2025 compared to Q3 2024, with a net loss of $4.0 million, an improvement from $4.2 million in the prior year period.
- The company appointed Tina Reejsinghani as Chief Marketing Officer and Keith Johnson as Chief Go-To-Market and Customer Officer to advance its 2026 go-to-market strategy.
- Reed's reinforced its balance sheet by repaying approximately $650,000 of debt and refinancing its credit facility, while also preparing for an anticipated uplist to a major stock exchange.
- A 1-for-6 reverse stock split was effective October 31, 2025, with common stock trading on a split-adjusted basis from November 3, 2025.
Nov 4, 2025, 12:30 PM
Reed's Reports Third Quarter 2025 Results and Announces Reverse Stock Split
REED
Earnings
Delisting/Listing Issues
Management Change
- Reed's (REED) reported net sales increased 4% to $7.0 million for the third quarter of 2025 compared to the same period in 2024, with net loss improving to $4.0 million from $4.2 million.
- The company's gross profit remained flat at $1.2 million with a gross margin of 17%, while delivery and handling costs decreased by 14% to $2.50 per case. However, Modified EBITDA loss was $3.9 million, compared to $3.0 million in the prior year quarter.
- As of September 30, 2025, Reed's had $4.1 million in cash and $9.2 million in total debt.
- Effective October 31, 2025, the company completed a 1-for-6 reverse stock split, resulting in approximately 8,945,620 shares outstanding post-split.
- Management is focused on improving margins, optimizing operations, and driving sales growth, and is preparing for an anticipated uplist to a major stock exchange.
Nov 3, 2025, 9:05 PM
REED'S, INC. implements 1-for-6 reverse stock split
REED
Delisting/Listing Issues
- REED'S, INC. effected a 1-for-6 reverse stock split of its Common Stock, which became effective on October 31, 2025, at 5:00 p.m. Eastern Time.
- Following the reverse stock split, there were approximately 8,945,620 shares of Common Stock issued and outstanding before eliminating fractional shares.
- The Company's Common Stock will begin trading on a split-adjusted basis on the OTCQX Best Market on November 3, 2025, under the new CUSIP number 758338404.
Oct 31, 2025, 9:05 PM
REED'S, INC. Completes Private Placement and Appoints New Board Member
REED
Board Change
- Reed's, Inc. completed a private placement on September 15, 2025, issuing 5,000,000 shares of common stock at $1.00 per share to six accredited investors, generating $5.0 million in aggregate gross proceeds. The net proceeds from this placement are intended for working capital and general corporate purposes.
- The company announced a change to its Board of Directors, with Randle Lee Edwards resigning on September 10, 2025, and Michael Tu being appointed on September 15, 2025, to fill the vacancy. Mr. Tu will also serve on the Audit, Compensation, and Governance Committees of the Board.
Sep 16, 2025, 8:10 PM
Reed's Announces Organizational and Leadership Updates
REED
Management Change
New Projects/Investments
Hiring
- Reed's, Inc. announced a corporate reorganization and strategic realignment aimed at enhancing operational efficiency and positioning the company for long-term success.
- The company is advancing key investments to bolster its commercial strategy, including the development of a dedicated field sales organization.
- Tina Reejsinghani has been appointed as the new Chief Marketing Officer, bringing over two decades of global marketing leadership experience.
- Chief Commercial Officer Chris Burleson tendered his resignation, effective September 12, 2025.
Sep 12, 2025, 12:30 PM
Quarterly earnings call transcripts for REED'S.
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