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Stock impact report

Reed's, Inc. Announces Repricing of Rights Offering and Extension of Expiration Date

Reeds, Inc. (REED) 
Last reeds, inc. earnings: 3/12 04:14 pm Check Earnings Report
US:NASDAQ Investor Relations: reedsinc.com/investors
Company Research Source: GlobeNewswire
LOS ANGELES, Dec. 11, 2017 (GLOBE NEWSWIRE) -- Reed’s Inc. (NYSE American:REED) (“Reed’s” or the “Company”), owner of one of the nation’s leading portfolios of handcrafted, all-natural beverages, today announced that it has adjusted the subscription price and related pricing information for its previously announced rights offering. The subscription pricing is now fixed at $1.50 per unit, with each unit consisting of one share of common stock and 1/2 of a warrant. Each right entitles the holder to purchase one unit at the adjusted fixed subscription price of $1.50 per unit, composed of one share of common stock and 1/2 of a warrant, with each whole warrant exercisable to purchase one share of common stock at an adjusted exercise price of $2.025 per share for three years from the date of issuance. The subscription rights are non-transferrable and may only be exercised during the subscription period. The subscription period for the rights offering commenced on December 5, 2017.  We hav Show less Read more
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