Workflow
Reeds, Inc.(REED)
icon
Search documents
Reed's, Inc. Announces Appointment of Neal Cohane as Chief Operating Officer
Globenewswire· 2025-12-29 21:30
Core Viewpoint - Reed's, Inc. has appointed Neal Cohane as Chief Operating Officer, effective January 5, 2026, to lead the company's operations and drive growth in the beverage industry [1][3]. Group 1: Appointment Details - Neal Cohane brings decades of leadership experience in the beverage industry, having previously served as Chief Sales Officer at Eastroc Beverages and founded Rootstock Brands, Inc. [2] - Cohane has a history with Reed's, having served as Chief Sales Officer for over 15 years, contributing to the brand's expansion and strengthening retail and distributor relationships [2][3]. Group 2: Strategic Objectives - The company aims to secure new business channels, expand distribution, increase sales velocity across existing channels, and deepen partnerships with distributors and retailers [3]. - Strengthening relationships with distributors and retailers will be a top priority for the company in 2026 and beyond [3]. Group 3: Company Overview - Reed's, Inc. is a leader in handcrafted, natural ginger beverages and operates under the brand names Reed's®, Virgil's®, and Flying Cauldron® [4]. - Established in 1989, Reed's products are sold in over 32,000 stores nationwide, highlighting its significant market presence [4].
Reed's, Inc. Announces Closing of $10 Million Public Offering and Uplisting to NYSE American Stock Exchange
Globenewswire· 2025-12-08 21:05
Core Viewpoint - Reed's, Inc. has successfully closed a public offering of 2,500,000 shares of common stock and warrants, aiming to enhance liquidity and visibility for shareholders while pursuing long-term profitability [1][3]. Group 1: Offering Details - The public offering included 2,500,000 shares of common stock and warrants, sold at a combined price of $4.00 per share [1]. - The warrants have an exercise price of $4.50 per share, are immediately exercisable, and will expire in five years [1]. - Gross proceeds from the offering are approximately $10 million, before deducting underwriting discounts and commissions [3]. Group 2: Stock Exchange Listing - Reed's common stock was approved for listing on the NYSE American and began trading on December 5, 2025, terminating its previous trading on the OTCQX Best Market [2]. Group 3: Management Commentary - The CEO of Reed's emphasized that the move to NYSE American reflects the company's commitment to growth and delivering value to shareholders [3]. Group 4: Company Background - Reed's, established in 1989, is a leader in craft beverages, offering high-quality, premium, better-for-you beverages under the Reed's®, Virgil's®, and Flying Cauldron® brand names, with products sold in over 32,000 stores nationwide [6]. Group 5: Underwriters - A.G.P./Alliance Global Partners acted as the sole book-running manager for the offering, with Roberts & Ryan, Inc. serving as a co-manager [4].
Reed's, Inc. Announces Pricing of $10 Million Public Offering and Uplisting to NYSE American Stock Exchange
Globenewswire· 2025-12-05 13:00
NORWALK, Conn., Dec. 05, 2025 (GLOBE NEWSWIRE) -- Reed’s, Inc. (NYSE American: REED) (“Reed’s” or the “Company”), owner of the nation’s leading portfolio of handcrafted, natural ginger beverages, today announced the pricing of an underwritten public offering of 2,500,000 shares of its common stock and warrants to purchase 2,500,000 shares of common stock (collectively, the “Securities”). Each share of common stock and accompanying warrant to purchase one share of common stock are being sold together at a co ...
Reeds, Inc.(REED) - Prospectus(update)
2025-12-03 22:26
As filed with the Securities and Exchange Commission on December 3, 2025 Registration No. 333-291443 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 REED'S, INC. (Exact name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of incorporation or organization) Delaware 2086 35-2177773 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 50 ...
Reeds, Inc.(REED) - Prospectus(update)
2025-12-02 21:51
As filed with the Securities and Exchange Commission on December 2, 2025 Registration No. 333-291443 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 REED'S, INC. (Exact name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of incorporation or organization) Delaware 2086 35-2177773 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 50 ...
Reed’s, Inc. Announces Uplist to NYSE American Stock Exchange
Globenewswire· 2025-11-18 13:00
Core Viewpoint - Reed's, Inc. is set to uplist its common stock to the NYSE American, enhancing visibility and liquidity for its shares [1][3]. Group 1: Uplisting Details - The uplisting is expected to take place on or about November 21, 2025, under the symbol "REED" [1]. - Trading on the OTCQX Best Market will cease on or about November 20, 2025, prior to the uplisting [2]. Group 2: Company Strategy and Financial Plans - The CEO of Reed's stated that the uplisting will expand the investor base and improve liquidity [3]. - The company plans to conduct a concurrent underwritten public offering of its shares, subject to regulatory approval and market conditions [3]. - Proceeds from the offering will be used for growth initiatives, working capital, and general corporate purposes [3]. Group 3: Company Background - Reed's, Inc. is a leader in handcrafted, natural ginger beverages and operates under the brands Reed's®, Virgil's®, and Flying Cauldron® [5]. - The company's products are available in over 32,000 stores across the United States [5].
美国IPO一周回顾及前瞻:上周有5家企业上市,9家企业递交申请
Sou Hu Cai Jing· 2025-11-17 07:19
Group 1 - The U.S. IPO market saw two small IPOs and three SPACs listed last week, with five IPOs and four SPACs filing initial applications [1][2] - Off The Hook YS (OTH) priced its reduced IPO at the lower end of the range, raising $15 million with a market cap of $95 million, but its stock fell by 8% [1] - Phaos Technology (POAS) also priced its IPO at the lower end, raising $14 million with a market cap of $114 million, and its stock remained flat [1] Group 2 - Three SPACs completed pricing last week: Alussa Energy Acquisition II (ALUB.U) raised $250 million targeting energy and power infrastructure, Evolution Global Acquisition (EVOXU) raised $210 million focusing on critical minerals, and Blueport Acquisition (BPACU) raised $50 million [2] - Five companies filed for IPOs last week, including Klook (KLK) seeking $400 million, Grayscale (GRAY) aiming for $100 million, and Reed's (REED) targeting $10 million [2][4] Group 3 - Upcoming IPOs include Central Bancompany (CBC) planning to raise $400 million with a market cap of $5.365 billion, and Gloo Holdings (GLOO) aiming for $100 million with a market cap of $801 million [5][7] - Regentis Biomaterials (RGNT) plans to raise $11 million with a market cap of $62 million, focusing on a hydrogel implant for knee cartilage pain [6][7]
美国软饮制造商Reed‘s(REED.US)申请转板纽交所上市 募资1000万美元
Zhi Tong Cai Jing· 2025-11-13 08:12
Core Viewpoint - Reed's, a beverage manufacturer known for its ginger drinks, has filed for an initial public offering (IPO) with the SEC, aiming to raise up to $10 million [1][2] Group 1: IPO Details - The company plans to issue 1.3 million shares at a price of $7.54 per share, which would result in a market capitalization of $77 million [1] - The IPO is being managed exclusively by A.G.P. [2] Group 2: Company Overview - Founded in 1991 and headquartered in Norwalk, Connecticut, Reed's reported revenue of $36 million for the twelve months ending September 30, 2025 [2] - The company operates under two main brands, Reed's and Virgil's, offering a product line of 50 natural, premium, and functional beverages [1] Group 3: Market Presence - Reed's products are available in over 32,000 retail locations across the U.S. and have a distribution network that includes Canada, the UK, South Africa, the Caribbean, the EU, and the Asia-Pacific region [1] - The company competes in the $45 billion U.S. carbonated soft drink market with its organic ginger beers and other functional beverages [1]
Reeds, Inc.(REED) - Prospectus
2025-11-12 11:06
As filed with the Securities and Exchange Commission on November 12, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 REED'S, INC. (Exact name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of incorporation or organization) (Address, including Zip Code, and Telephone Number, Including Area Code, of Registrant's Principal Executive Offices) Cyril A. Wallace, Jr. Chief Ex ...
Reeds, Inc.(REED) - 2025 Q3 - Quarterly Report
2025-11-04 21:41
Financial Performance - For the nine months ended September 30, 2025, gross billing increased by 4% to $9,279,000 compared to $8,901,000 for the same period in 2024[99]. - Net sales for the same period rose by 4% to $7,033,000 from $6,752,000[99]. - The company reported a net loss of $3,982,000 for the three months ended September 30, 2025, a decrease of 4% compared to a net loss of $4,150,000 in the same period of 2024[99]. - Gross billing for the nine months ended September 30, 2025, decreased by 3% to $31,861 million compared to $32,864 million in the same period last year[121]. - Net sales declined by 6% to $26,585 million from $28,221 million, attributed to lower volumes with recurring national customers and higher promotional allowances[128]. - Gross profit fell by 36% to $5,433 million, resulting in a gross margin of 20%, down from 30%[131]. - Loss from operations increased by 161% to $11,638 million compared to a loss of $4,457 million in the same period last year[136]. - Net loss for the nine months ended September 30, 2025, was $12,061 million, a 33% increase from $9,035 million[140]. - Modified EBITDA for the nine months ended September 30, 2025, was $(10,205) million, compared to $(3,323) million in the same period last year[140]. Cost and Expenses - The average cost of shipping and handling increased to $2.84 per case from $2.66 per case year-over-year[93]. - General and administrative expenses surged by 60% to $2,861,000, representing 41% of net sales, compared to 27% in the prior year[99]. - Cost of goods sold (COGS) increased by $272 in Q3 2025, with COGS as a percentage of net sales rising to 83% from 82% in the same period last year[107]. - Gross margin decreased to 17% in Q3 2025, down from 18% in the same period last year[109]. - Delivery and handling expenses decreased by $179 to $1,100 in Q3 2025, representing 16% of net sales, down from 19% in the same period last year[110]. - Total operating expenses rose by 32% to $17,071 million, with general and administrative expenses increasing by 65% to $8,633 million[135]. - Total cost of goods sold per case increased to $13.20 in Q3 2025, up from $12.94 in the same period last year[108]. Cash Flow and Financing - Cash used in operations was $13,230 million, primarily due to operating losses and working capital investments[142]. - As of September 30, 2025, the company had a cash balance of $4,136 million and no remaining availability under its Senior Secured Loan[142]. - The Company has existing cash of $4,136 and expects this, along with cash generated from operations and access to committed financing, to be sufficient to fund its operating plan for at least twelve months[148]. - Net cash used in operating activities totaled $13,230 for the nine months ended September 30, 2025, an increase from $2,254 for the same period in 2024, primarily due to operating losses and investment in strategic growth initiatives[153]. - Net cash provided by financing activities was $7,147 for the nine months ended September 30, 2025, compared to $2,015 for the same period in 2024, driven by proceeds from the sale of common stock in two private placements[155]. - Management may seek additional funding through equity, mezzanine, or debt securities, but there is no assurance that such financing will be available on favorable terms[150]. - The Company’s ability to obtain additional financing is subject to market conditions, performance, and investor sentiment[150]. Strategic Initiatives - The company formed a wholly owned subsidiary, Reed's (Asia) Limited, as part of its strategic expansion into the Asia Pacific region[90]. - A private placement on September 12, 2025, raised $5,000,000 by issuing 833,330 shares at $6.00 per share[94]. - The company amended its Senior Secured Loan Agreement, reducing the revolving credit commitment to $9,250,000 from $10,000,000[96]. - The Company is taking actions to improve operating performance, including product portfolio optimization and streamlining operations, but may face challenges in executing these actions[151]. - If the Company cannot raise additional capital or improve operating performance, it may need to curtail certain operations[152]. Operational Challenges - The company continues to face supply chain challenges, including increased lead times and inflation in raw materials and logistics costs[92]. - Modified EBITDA does not reflect cash expenditures for capital expenditures or changes in working capital needs[149]. - Management regularly evaluates key factors and assumptions for financial estimates, which could differ materially from actual results[156].