Reed's Announces Limited Waiver and Amendment with its Secured Note Holder, Closing of a $3.8 Million SAFE and Planned Rights Offering to Stockholders [Yahoo! Finance]
Reeds, Inc. (REED)
Last reeds, inc. earnings: 3/12 04:14 pm
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Source: Yahoo! Finance
NORWALK, Conn., Feb. 13, 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 entered into a Limited Waiver, Deferral and Amendment and Restatement Agreement (the “Amendment”) with its senior secured convertible note holders and closed on a $3.8 million SAFE (Simple Agreement For Future Equity) with certain stockholders and affiliates. The SAFE proceeds are intended by Reed's to serve as a backstop to a planned public offering by Reed's of subscription rights to its existing stockholders of record for aggregate gross proceeds of up to $6 million (including SAFE proceeds). The SAFE converts into the next equity financing of Reed's on the same terms and conditions as other subscribers. Subscription rights of each SAFE investor will be considered exercised to the extent the SAFE proceeds cover the aggregate exercise price of such rights. Subject to sat
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REED
News
- Reed’s Schedules First Quarter 2024 Conference Call for May 14 at 5:00 p.m. ETGlobeNewswire
- 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
- Reeds (REED) Upgraded to Buy: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
REED
Earnings
- 11/9/23 - Beat
REED
Sec Filings
- 4/4/24 - Form 4/A
- 4/3/24 - Form 8-K/A
- 4/2/24 - Form 8-K
- REED's page on the SEC website