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 August 12, 2026. The filing addresses a notice received from the NYSE American LLC regarding the Company's non-compliance with specific continued listing standards.
Key Financial Metrics
The filing does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. However, it explicitly states the Company is non-compliant with NYSE American Section 1003(a)(i) due to having stockholders' equity below the required $2.0 million threshold. This deficiency is attributed to reported losses from continuing operations and/or net losses in two of the three most recent fiscal years. The filing also notes the Company does not qualify for exemptions based on market capitalization exceeding $50 million.
Material Changes and Listing Status
- Notice of Non-Compliance: On August 12, 2026, the Company received a formal notice of failure to satisfy the stockholders' equity requirement.
- Stock Designation: While shares will continue to trade on the NYSE American under the symbol "REED," they will now carry a ".BC" suffix to indicate "below compliance" status.
- Plan Acceptance: A compliance plan previously submitted on June 26, 2026, was accepted by the NYSE American on August 12, 2026.
Guidance, Outlook, and Risks
The Company intends to regain compliance with listing standards by November 29, 2027. It is subject to periodic reviews and quarterly monitoring of its progress. There is no assurance that compliance will be achieved within the required timeframe. If the Company fails to comply by the deadline or fails to make progress consistent with the Plan, the NYSE American will initiate delisting proceedings. The Company retains the right to appeal a staff delisting determination. The filing includes standard forward-looking statement disclaimers regarding the uncertainty of achieving compliance.
Investor Verification Checklist
- Verify the Company's current stockholders' equity balance in the most recent 10-K or 10-Q filings to confirm the deficit relative to the $2.0 million requirement.
- Review the specific actions outlined in the compliance plan submitted on June 26, 2026, to assess the feasibility of regaining compliance by November 29, 2027.
- Monitor quarterly reports for progress updates against the accepted Plan.
- Check for any subsequent press releases or filings regarding the ".BC" trading designation and potential market impact.