REED

#4753
Reed's, Inc. Common Stock
0.8 8 USD
+0.01%
Market Price
Settore: Beni di Consumo Difensivi
Base: USD
Valuta di Profitto: USD
Intervallo Giornaliero
0.88
0.92
Intervallo Annuale
0.75
5.97
Variazione giornaliera
+1.15%
Variazione Mensile
-6.38%
Variazione di 6 mesi
-61.97%
Variazione Annuale
-72.67%
Chiusura Precedente
0.8 7
Open
0.9 2
Minimo
0.8 8
Massimo
0.9 2
Volume
6
Apri il grafico completo

Financials

Panoramica Estratto Conto Statistiche Documents

2026

Current report, Q3 FY2026
REED's, INC. current report, Q3 FY2026
8-K
Current report, Q3 FY2026
REED's, INC. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
REED's, INC. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
REED's, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
REED's, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
REED's, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
REED's, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
REED's, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
REED's, INC. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
REED's, INC. quarterly report, Q1 FY2026
10-Q

REED's, INC. current report, Q4 FY2020

Full document

Business Context and Reporting Period

Company: REED's, INC. (NASDAQ: REED)
Filing Type: Form 8-K (Current Report)
Date of Report: November 19, 2020
Event Date: November 20, 2020 (Entry into Material Definitive Agreement)

REED's, Inc., a Delaware corporation, entered into an underwriting agreement for an underwritten public offering of its common stock. The filing reports the execution of this agreement and the subsequent pricing of the offering.

Key Financial Metrics and Transaction Details

This filing details a capital raise rather than operational financial performance. Key metrics related to the transaction include:

  • Shares Offered: 18,750,000 shares of common stock.
  • Offering Price: $0.56 per share.
  • Over-Allotment Option: Underwriters granted a 45-day option to purchase up to an additional 2,812,500 shares.
  • Estimated Net Proceeds: Approximately $9.8 million (excluding over-allotment).
  • Maximum Estimated Net Proceeds: Approximately $11.2 million (if over-allotment is exercised in full).
  • Use of Proceeds: The filing does not specify the intended use of proceeds beyond general corporate purposes implied by the capital raise.

Note: This 8-K filing does not provide data on revenue, profit, cash flow, margins, or existing debt levels.

Material Changes Versus Prior Period

The filing does not present comparative financial data or operational changes versus prior periods. The primary material change is the execution of the underwriting agreement, which will result in a significant increase in cash liquidity upon closing and a dilution of existing shareholders due to the issuance of new shares.

Guidance, Outlook, and Risks

Outlook and Closing: The closing of the offering is expected to take place on or about November 24, 2020, subject to customary closing conditions. The shares are being sold pursuant to a shelf registration statement effective since February 8, 2019.

Risks and Contingencies:

  • Indemnification: REED's has agreed to indemnify the Underwriters against certain liabilities under the Securities Act of 1933.
  • Closing Conditions: The transaction is contingent upon the satisfaction of customary closing conditions.
  • Over-Allotment Uncertainty: Final proceeds depend on whether the underwriters exercise the over-allotment option.

Important Facts for Investor Verification

  • Verify the final closing date and whether the over-allotment option was exercised to confirm total capital raised.
  • Review the final prospectus supplement for specific details on the use of proceeds and any lock-up agreements.
  • Assess the impact of the new share issuance on earnings per share (EPS) and ownership dilution.
  • Confirm the company's cash position post-closing to evaluate liquidity improvements.