REED's, INC. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by REED's, INC. on February 22, 2021. The report addresses a specific regulatory matter regarding the company's listing status on The NASDAQ Stock Market LLC.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to a notice of compliance with listing standards and does not contain financial performance data.
Material Changes
The primary material event reported is the resolution of a listing deficiency. Nasdaq Listing Qualifications notified the company that its common stock closing bid price was $1.00 per share or greater for 10 consecutive business days (February 5, 2021, to February 19, 2021). Consequently, the company regained compliance with Listing Rule 550(a)(2), and the matter is now closed.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the resolution of the specific listing issue. No unusual items were reported.
Key Facts for Investor Verification
- REED's, INC. has regained compliance with NASDAQ Listing Rule 550(a)(2) regarding minimum bid price.
- The compliance was achieved by maintaining a closing bid price of at least $1.00 per share for 10 consecutive business days ending February 19, 2021.
- The report was signed by Thomas J. Spisak, Chief Financial Officer, on February 25, 2021.