Reed's enters approximately $10.0 million common-stock private placement
Reed's entered a securities purchase agreement with majority stockholder D&D Source of Life Holding, Ltd. for a private placement of 17,421,602 common shares at $0.574 per share, for aggregate gross proceeds of approximately $10.0 million. The private placement is expected to close on or about November 6, 2026, and the company states that receipt of the gross proceeds will satisfy the amended senior secured loan requirement for at least $10.0 million in cash equity contributions by that date. Reed's intends to u...
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