Reed’s Announces Closing of $6.0 Million Financing
REEDS INC (REED)
Last reeds inc earnings: 3/12 04:14 pm
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US:NASDAQ Investor Relations:
reedsinc.com/investors
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Source: GlobeNewswire
NORWALK, Conn., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Reed’s, Inc. (OTCQX: REED) (“Reed’s” or the “Company”), owner of the nation’s leading portfolio of handcrafted, natural ginger beverages, today announced it has closed its $6 million private investment in public equity (“PIPE”). Approximately $4.1 million of previously funded Simple Investments in Future Equity (“SAFEs”) automatically converted into the PIPE. $1.9 million of cash proceeds was funded by the lead investor and the Company’s largest stockholder, D&D Source of Life Holding LTD. The purchase price per share was $1.50, which reflects a premium of approximately 21% to the closing stock price on September 13, 2024. “I am pleased to announce this strategic investment from our largest shareholder, demonstrating their commitment to our long-term vision and success,” said Norman E. Snyder, Jr., CEO of Reed’s. “This investment will improve our working capital to drive growth as we can further build our inventory levels, increa
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REED
News
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
REED
Earnings
- 8/13/24 - Miss
REED
Sec Filings
- 9/24/24 - Form SC
- 9/24/24 - Form 4
- 9/13/24 - Form SC
- REED's page on the SEC website