Reed's, Inc. Announces Closing of $10 Million Public Offering and Uplisting to NYSE American Stock Exchange

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].