Reed's, Inc.
1.2500+0.01 (+0.81%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCQX · REED · USD
Key Stats
Market Cap
67.09MP/E (TTM)
-Basic EPS (TTM)
-0.65Dividend Yield
0%Recent Filings
8-K
Reverse stock split approved
Reed's, Inc. secured approval from major shareholder D&D Source of Life Holding Ltd., holding 52.8% of voting stock, for a reverse stock split of its common shares at a ratio between 1-for-3 and 1-for-9, without reducing authorized shares. The board gained discretion to implement this via charter amendment, with effectiveness possible after filing a definitive Information Statement on or after October 20, 2025. This move aims to boost share price compliance. No financial impacts disclosed.
8-K
Bylaws amendment sets forum
Reed's, Inc. amended its bylaws on September 25, 2025, designating Delaware's Court of Chancery as the exclusive forum for derivative actions and fiduciary duty claims, while federal courts handle Securities Act disputes. This move streamlines litigation venue, potentially cutting costs and uncertainties for the beverage company. No financial impact disclosed. Bylaws changes like this sharpen governance edges.
8-K
Reed's raises $5M in PIPE
Reed's, Inc. closed a $5.0 million private placement on September 15, 2025, issuing 5 million common shares at $1.00 each to six accredited investors, bolstering working capital amid a looming $10 million debt maturity. The deal, exempt under Section 4(a)(2), includes registration rights for resale. Board shakeup: Randle Lee Edwards resigned September 10 without discord; Michael Tu, an independent nominee from majority shareholder D&D, joined September 15. Fresh cash aids liquidity, yet dilution hits existing holders.
8-K
Reed's leadership shakeup
Reed's, Inc. announced a corporate reorganization on September 12, 2025, to boost operational efficiency and support growth, including plans for a dedicated field sales organization. Chief Commercial Officer Chris Burleson resigned effective September 12, 2025, without disagreements, while Tina Reejsinghani, a veteran marketer from Rémy Cointreau, was appointed Chief Marketing Officer effective September 15, 2025, to drive brand expansion. These shifts aim to sharpen go-to-market strategies. Transition risks loom amid supply chain uncertainties.
10-Q
Q2 FY2025 results
Reed's net sales dipped 20% year-over-year to $9.5M in Q2 FY2025 ended June 30, 2025, with gross profit plunging 79% to $0.8M due to $1.6M inventory write-offs from product portfolio optimization, squeezing margins to 8% from 32%. Operating loss widened to $5.8M from $0.7M, driven by higher G&A expenses tied to contract proceedings and growth investments, while net loss climbed 89% to $6.0M, mainly from interest but without last year's SAFE fair-value hit. Cash burned $10.4M in H1 on inventory buildup, leaving $2.7M at quarter-end alongside $100K revolver availability under the $10M senior secured loan due November 2025; a $3M private placement closed in June bolstered liquidity. A $1.6M investment bank settlement was accrued post-quarter. Supply chain volatility poses ongoing risks.
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