Reed's prices $10 million private placement of shares
REED•Reed's agreed to a private placement expected to raise approximately $10 million before expenses from majority investor D&D Source of Life Holding. The offering comprises 17,421,602 shares priced at $0.574 each, with closing expected on or about October 30, 2026.
1. Offering details
Reed's agreed to sell 17,421,602 unregistered shares of common stock at $0.574 per share in a private placement expected to raise approximately $10 million before expenses. Closing is expected on or about October 30, 2026, subject to customary conditions.
2. Use of proceeds
The company plans to use the net proceeds for working capital and other general corporate purposes.
