Business
Reed’s, Inc. Announces Closing of $10 Million Public Offering and Uplisting to NYSE American Stock Exchange
NORWALK, Conn., Dec. 08, 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 closing of its previously announced 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 sto
About this update from Reed's, Inc.
[{"type":"image","alt":"Reeds, Inc.","displaySize":"","headline":null,"caption":"Reeds, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":102,"url":"https://media.zenfs.com/en/globenewswire.com/b94bda5edd9848686a068e8cf2cb27a6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/B8T9xD2.vuZQtdR5FgWQPw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE0MztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/b94bda5edd9848686a068e8cf2cb27a6","width":300,"height":102}},"lazy":false},{"type":"text","content":"NORWALK, Conn., Dec. 08, 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 closing of its previously announced 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 were sold together at a combined public offering price of $4.00. The warrants have an exercise price of $4.50 per share, are exercisable immediately and will expire five years from the issuance date. In addition, Reed’s granted the underwriters a 45-day option to purchase up to an additional 375,000 shares of common stock and/or 375,000 warrants at their respective public offering prices, less underwriting discounts and commissions.","length":954,"tagName":"p"},{"type":"text","content":"Reed’s also previously announced that, in connection with the offering, its common stock was approved for listing and began trading on the NYSE American LLC stock exchange (“NYSE American”) on December 5, 2025. Upon effectiveness of the listing on the NYSE American, trading of the common stock on the OTC Markets’ OTCQX Best Market terminated.","length":344,"tagName":"p"},{"type":"text","content":"“This is another milestone for Reed’s that reflects our investment in growth with a long-term path toward profitability and the value we are committed to deliver for shareholders,” said Cyril Wallace, Chief Executive Officer of Reed’s. “We believe this move to NYSE American will provide improved liquidity for our shareholders while enhancing our visibility to a broader investor base as we build on four decades of providing the world with natu...