Reed's, Inc. filed a Form 8-K on November 9, 2026, disclosing the completion of a private placement that raised approximately $10.0 million in aggregate gross proceeds from D&D Source of Life Holding, Ltd., the company's majority stockholder.

Key Highlights

  • Private placement closed: Reed's, Inc. completed the private placement on November 9, 2026, issuing common stock to D&D Source of Life Holding, Ltd.
  • Gross proceeds: The company received approximately $10.0 million before deducting offering expenses payable by the company.
  • Investor identity: D&D Source of Life Holding, Ltd. is identified in the filing as the company's majority stockholder.
  • Loan covenant satisfied: The proceeds satisfied a requirement under the Senior Secured Loan and Security Agreement, as amended, that the company receive aggregate cash equity contributions of at least $10.0 million no later than November 20, 2026.
  • Purchase Agreement origin: The securities purchase agreement was entered into on October 28, 2026, as previously disclosed.

Reed's Completes $10 Million Private Placement, Satisfying Senior Secured Loan Requirement

According to the filing, Reed's, Inc. (NYSE American:REED) completed a private placement on November 9, 2026, issuing shares of its common stock to D&D Source of Life Holding, Ltd. under a securities purchase agreement originally entered into on October 28, 2026. The company disclosed that aggregate gross proceeds from the transaction totaled approximately $10.0 million, before deducting offering expenses payable by the company.

The filing states that the company's receipt of the gross proceeds "satisfied the requirement under the Senior Secured Loan and Security Agreement, as amended, that the Company receive aggregate cash equity contributions of at least $10.0 million no later than November 20, 2026." The transaction was structured as a private placement, meaning the shares were not sold in a registered public offering.

The filing notes that the description of the Purchase Agreement contained in the 8-K "is not complete and is qualified in its entirety by reference to the full text of the form of the Purchase Agreement," a copy of which was filed as Exhibit 10.1 to the company's Current Report on Form 8-K filed with the SEC on November 3, 2026. The report was signed by Douglas W. McCurdy, Chief Financial Officer of Reed's, Inc.

What Was Disclosed

Reed's, Inc. reported the November 9, 2026 closing of a private placement with its majority stockholder, D&D Source of Life Holding, Ltd., generating approximately $10.0 million in gross proceeds and satisfying a cash equity contribution requirement under the company's Senior Secured Loan and Security Agreement.