Reed's agrees to $10 million private placement with majority stockholder
REED•Reed's agreed to sell 17,421,602 unregistered common shares to majority stockholder D&D Source of Life Holding for about $10 million, at $0.574 per share. The closing is expected on or about November 6, 2026.
1. Placement terms
Reed's agreed on October 28, 2026, to the private placement with D&D Source of Life Holding. The company expects the sale to close on or about November 6.
2. Use of proceeds
The proceeds will satisfy a secured loan requirement for at least $10 million in cash equity contributions by November 6. Net proceeds are intended for working capital and general corporate purposes.
