Reed's (REED) Prices $5.3M Private Placement at $0.28/sh
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Reed’s Inc.® Announces $5.3 Million Private Placement
March 10, 2022 9:00 AM ESTNORWALK, Conn., March 10, 2022 (GLOBE NEWSWIRE) -- Reeds, Inc.® (NASDAQ: REED) (Reeds or the Company), owner of the nations leading portfolio of handcrafted, all-natural ginger beverages, today announced that it has entered into securities purchase agreements with certain institutional and accredited investors to raise approximately $5.3 million in a private placement through the issuance of an aggregate of approximately 18 million shares of common stock and warrants to purchase up to an aggregate of approximately 9 million shares of common stock. Officers and directors of the Company agreed to purchase approximately $1.1 million of the securities in the... More
