Business Context and Reporting Period
This Form 8-K was filed by REED's, INC. on February 4, 2020. The report addresses a specific regulatory matter regarding the company's compliance with Nasdaq listing requirements rather than providing periodic financial results.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a current report focused on corporate governance and listing status, not financial performance.
Material Changes
The primary material event reported is the resolution of a Nasdaq listing deficiency:
- Previous Status: On November 12, 2019, Nasdaq notified Reed's that its common stock failed to maintain the minimum bid price of $1.00 for 30 consecutive business days.
- Resolution: On January 23, 2020, Nasdaq confirmed that the closing bid price was at or above $1.00 per share for 10 consecutive business days (January 8 to January 22, 2020).
- Outcome: Reed's has regained compliance with Listing Rule 5550(a)(2), and the matter is closed.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on operations, or discussion of new risks or contingencies. The document solely confirms the restoration of good standing with the exchange.
Investor Verification Checklist
- Verify the current trading price of REED stock to ensure it remains above the $1.00 minimum bid price threshold.
- Review the company's most recent 10-K or 10-Q filings for actual financial performance data, as this 8-K does not contain financial statements.
- Monitor future Nasdaq communications to ensure no new listing deficiencies arise.