Business Context and Reporting Period
This Form 8-K was filed by REED's, INC. on May 19, 2020, regarding a corporate event that occurred on the same date. The company is a Delaware corporation with its principal executive offices in Norwalk, CT, and its common stock trades on The NASDAQ Stock Market LLC under the symbol "REED".
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial figure disclosed is the market value of listed securities, which was reported as $35,000,000 or greater for the period from May 4 to May 18, 2020.
Material Changes
The material change reported is the resolution of a listing deficiency. Nasdaq Listing Qualifications notified the company that it regained compliance with Listing Rule 5550(b)(2) after maintaining a market value of listed securities of at least $35,000,000 for 10 consecutive business days. Consequently, the matter regarding potential delisting is now closed.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the specific resolution of the listing compliance issue.
Investor Verification Checklist
- Verify the current market capitalization of REED's, INC. to ensure continued compliance with NASDAQ Listing Rule 5550(b)(2).
- Confirm the status of the company's stock listing on The NASDAQ Stock Market LLC.
- Review subsequent filings for any new notices regarding listing standards or financial performance.