Business Context and Reporting Period
Company: REED's, INC.
Filing Type: Form 8-K (Current Report)
Date of Report: September 26, 2025
Event: Entry into a Material Definitive Agreement regarding the Company's Senior Secured Facility.
Key Financial Metrics and Debt Structure
This filing details a specific amendment to the Company's debt facility rather than providing comprehensive financial statements (revenue, profit, or cash flow).
- Revolving Credit Commitments: Reduced from $10.0 million to $9.25 million as of the Effective Date.
- Debt Repayment: The Company paid $650,000 in principal plus accrued interest to Cantor Fitzgerald (administrative agent) in connection with the amendment.
- Interest Payment Terms: Changed to become due on a monthly basis as of the last business day of each month.
- Lenders: Funds affiliated with Whitebox Advisors, LLC.
- Administrative Agent: Cantor Fitzgerald Securities.
Material Changes Versus Prior Period
The primary material change is the reduction of the aggregate principal amount of the revolving loans by $750,000. Additionally, the payment schedule for interest has been modified to require monthly payments. All other material terms of the Loan Agreement remain unchanged.
Guidance, Outlook, and Risks
Management Commentary: The filing states that the summary of the Amendment is qualified in its entirety by reference to the full text of the Amendment (Exhibit 10.1). No forward-looking guidance, outlook, or specific risk factors beyond the standard incorporation of the agreement terms are provided in this text.
Unusual Items: None reported beyond the scheduled debt amendment and repayment.
Investor Verification Checklist
- Verify the full text of Exhibit 10.1 (Amendment No. 1) to confirm all covenants and terms not summarized in the 8-K.
- Confirm the impact of the $650,000 cash outflow on the Company's current liquidity position.
- Review the Company's most recent 10-Q or 10-K for context on total debt levels and interest coverage ratios, as this filing does not provide standalone financial metrics.
- Monitor future filings for compliance with the new monthly interest payment schedule.