REED’S, INC. — Form 8-K Summary
Event date: September 30, 2026. This filing reports an amendment to the company’s senior secured credit facility; it does not report quarterly or annual operating results.
Debt and liquidity
- Existing revolving credit commitments were terminated and converted into $9.25 million of term loans. The loans cannot be re-borrowed once repaid.
- Interest increased from 8.00% to 8.75% annually, payable monthly in arrears.
- Maturity was extended to June 30, 2027. A conditional extension to September 30, 2027 is available at 9.25% interest, subject to specified conditions, including reducing the loans to no more than $8.4 million by June 30, 2027, timely notice, and no continuing default.
- The revolving-loan unused fee was eliminated, and certain mandatory prepayment provisions were deleted or modified.
- The inventory-plus-accounts-receivable liquidity covenant was waived through November 6, 2026.
Material changes and contingencies
A new Event of Default applies if the company does not receive at least $10 million in aggregate cash equity contributions by November 6, 2026. Other material loan terms remain unchanged.
The amendment changes the facility’s structure, raises the stated interest rate, and extends the maturity, while making the additional three-month extension conditional. The filing provides no revenue, profit, cash-flow, margin, or broader liquidity figures, so operating performance and the company’s ability to meet the equity-funding requirement cannot be assessed from this filing.
Key facts for investors to verify
- Whether Reed’s receives the required $10 million in cash equity contributions by November 6, 2026.
- Whether the company complies with the amended loan terms and can reduce outstanding term loans to $8.4 million or less to qualify for the optional extension.
- The full amendment and related schedules: the narrative refers to Exhibit 10.3, while the exhibit list identifies the amendment as Exhibit 10.1.