Reed's (REED) Plans Public Offering of Common Stock

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Reed’s Inc. Announces Proposed Public Offering of Common Stock

April 15, 2020 5:17 PM EDT

NORWALK, Conn., April 15, 2020 (GLOBE NEWSWIRE) -- Reeds Inc. (NASDAQ: REED), owner of the nations leading portfolio of handcrafted, all-natural beverages, today announced that it intends to offer shares of its common stock in an underwritten public offering. Reeds also expects to grant to the underwriters of the offering a 45-day option to purchase up to an additional 15% of the shares of common stock offered in the underwritten public offering on the same terms and conditions. The offering is subject to market and other conditions, and there can be... More