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0.0088495575221239 0.00849557522123879 -0.00707964601769912 0.00690265486725666 0.0265486725663717 0.0477876106194691 0.0442477876106193 0.0619469026548671
Stock impact report

Reed’s Inc. Prices Underwritten Public Offering of Common Stock

Reeds, Inc. (REED)  More Company Research Source: GlobeNewswire
Last reeds, inc. earnings: 3/12 04:14 pm Check Earnings Report
US:NASDAQ Investor Relations: reedsinc.com/investors
PDF NORWALK, Conn., Nov. 20, 2020 (GLOBE NEWSWIRE) -- Reed’s Inc. (Nasdaq: REED), owner of the nation’s leading portfolio of handcrafted, all-natural beverages, today announced the pricing of an underwritten public offering of 18,750,000 shares of its common stock at a price of $0.56 per share for gross proceeds of approximately $10.5 million. Reed’s has also granted to the underwriter a 45-day option to purchase an additional 2,812,500 shares of common stock to cover overallotments in connection with the offering. The offering is expected to close on November 24, 2020, subject to customary closing conditions. Roth Capital Partners is acting as sole book-running manager for the offering. National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (NASDAQ:NHLD) is acting as co-manager. Reed’s intends to use the net proceeds of the offering for the repayment of approximately $4.6 million under its senior credit facility and approximately $4.25 million for the r [Read more]
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