1. Reed's closed a public offering of 2.5 million shares at $4.00 each. 2. Warrants to purchase shares are priced at $4.50 and expire in five years. 3. Reed's uplisted to NYSE American, enhancing visibility and liquidity. 4. Gross proceeds of approximately $10 million support growth initiatives. 5. CEO emphasizes commitment to long-term profitability and shareholder value.
FAQ
Why Bullish?
The successful public offering and uplisting are positive indicators of Reed's market confidence. Similar instances in other firms, like Beyond Meat's successful IPO, show uplisting can drive stock appreciation.
How important is it?
The article outlines a significant capital raise and strategic uplisting, both crucial for market expansion and investor trust.
Why Long Term?
The liquidity from the offering and strategic investments will benefit Reed's over time, akin to growth patterns seen in companies like Coca-Cola post-integration of new product lines.
Reed's, Inc. Announces Successful $10 Million Public Offering and NYSE American Uplisting
NORWALK, Conn., Dec. 08, 2025 (GLOBE NEWSWIRE) -- Reed’s, Inc. (NYSE American: REED) has successfully closed its underwritten public offering, raising approximately $10 million in gross proceeds. This strategic move involves the sale of 2,500,000 shares of common stock and accompanying warrants. The announcement is significant not only for its immediate financial implications but also for Reed’s recent uplisting to the NYSE American, a transition that became effective on December 5, 2025.
Details of the Public Offering
In the recent offering, Reed’s sold each share of common stock together with a warrant to purchase one additional share at a public offering price of $4.00. Each warrant can be exercised at an exercise price of $4.50 per share, is immediately exercisable, and will expire after five years. Furthermore, the underwriters were granted a 45-day option to purchase up to an additional 375,000 shares of common stock and/or 375,000 warrants.
CEO Comments on Growth and Visibility
Cyril Wallace, Chief Executive Officer of Reed’s, emphasized the significance of this milestone. “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 Wallace. He also highlighted that the uplisting to the NYSE American will enhance liquidity for shareholders and expand the company’s visibility to a broader investor base.
Role of Underwriters and Regulatory Compliance
A.G.P./Alliance Global Partners served as the sole book-running manager, while Roberts & Ryan, Inc. acted as a co-manager for the offering. All activities related to this offering have been filed with and declared effective by the U.S. Securities and Exchange Commission (SEC) under registration statement Form S-1 (File No. 333-291443).
- Common stock and warrants sold for a total gross proceeds of approximately $10 million.
- Warrants are exercisable at $4.50 per share and expire in five years.
- Underwriters can purchase up to 375,000 additional shares or warrants.
About Reed's, Inc.
Founded in 1989, Reed’s, Inc. is recognized as a leader in the craft beverage sector, specializing in high-quality, premium ginger beverages. Its brands, including Reed’s®, Virgil’s®, and Flying Cauldron®, are available in over 32,000 stores nationwide.
Forward-Looking Statements
This announcement contains forward-looking statements regarding the anticipated benefits of Reed’s uplisting to the NYSE American and the public offering's impact on the company. Reed’s cautions investors that these statements involve significant risks and uncertainties, and actual results may differ materially.