Reed’s Announces Closing of $5.0 Million Private Placement and Board Updates
Reed's (OTCQX: REED), a leading natural ginger beverage company, has announced two significant developments. The company has successfully closed a $5.0 million private placement through the sale of 5 million common shares at $1.00 per share. The proceeds will be used for working capital and general corporate purposes, including investments in personnel, marketing, and product innovation.
Additionally, Reed's has appointed Michael Tu, a corporate governance advisor and securities litigation expert, to its Board of Directors, replacing Lee Edwards. Tu brings nearly three decades of experience in corporate governance and securities law, having served as a partner at Orrick and Cooley.
Reed's (OTCQX: REED), una delle principali aziende di bevande naturali allo zenzero, ha annunciato due sviluppi significativi. L'azienda ha chiuso con successo un collocamento privato da 5,0 milioni di dollari tramite la vendita di 5 milioni di azioni ordinarie a 1,00 dollari per azione. I proventi saranno utilizzati per capitale circolante e scopi aziendali generali, inclusi investimenti in personale, marketing e innovazione di prodotto.
Inoltre, Reed's ha nominato Michael Tu, consulente di governance societaria ed esperto di contenzioso in materia di titoli, nel suo Consiglio di Amministrazione, sostituendo Lee Edwards. Tu porta quasi tre decenni di esperienza in governance aziendale e diritto dei titoli, avendo ricoperto ruoli di partner presso Orrick e Cooley.
Reed's (OTCQX: REED), una destacada empresa de bebidas naturales de jengibre, ha anunciado dos desarrollos significativos. La empresa ha cerrado con éxito un colocación privada de 5,0 millones de dólares mediante la venta de 5 millones de acciones ordinarias a 1,00 dólar por acción. Los fondos se utilizarán para capital de trabajo y fines corporativos generales, incluyendo inversiones en personal, marketing e innovación de productos. Además, Reed's ha nombrado Michael Tu, asesor de gobernanza corporativa y experto en litigios de valores, para su Junta Directiva, en reemplazo de Lee Edwards. Tu aporta casi tres décadas de experiencia en gobernanza corporativa y derecho de valores, habiendo sido socio en Orrick y Cooley.
Reed's (OTCQX: REED)은 천연 생강 음료 분야의 선두 기업으로 두 가지 중요한 발전을 발표했습니다. 회사는 500만 달러 규모의 비공개 배정을 성공적으로 마무리했고, 주당 1.00달러로 보통주 500만 주를 매각했습니다. 조달 자금은 운전자본 및 일반 기업 목적, 인력, 마케팅 및 제품 혁신에 투자하는 데 사용될 예정입니다.
또한 Reed's는 이사회를 Michael Tu로 지명하여 Lee Edwards를 대체했습니다. Tu는 기업 거버넌스와 증권 소송 전문가로서 Orrick과 Cooley에서 파트너를 역임하는 등 거의 30년의 경험를 보유하고 있습니다.
Reed's (OTCQX: REED), une entreprise leader de boissons naturelles au gingembre, a annoncé deux développements significatifs. L'entreprise a clôturé avec succès un placement privé de 5,0 millions de dollars par la vente de 5 millions d'actions ordinaires à 1,00 dollar par action. Les fonds seront utilisés pour le fonds de roulement et les finalités générales de l'entreprise, notamment les investissements dans le personnel, le marketing et l'innovation produit.
De plus, Reed's a nommé Michael Tu, conseiller en gouvernance d'entreprise et expert en litiges sur valeurs mobilières, à son conseil d'administration, en remplacement de Lee Edwards. Tu apporte près de trois décennies d'expérience en gouvernance d'entreprise et droit des valeurs mobilières, ayant été associé chez Orrick et Cooley.
Reed's (OTCQX: REED), ein führendes Unternehmen im Bereich natürlicher Ingwergetränke, hat zwei bedeutende Entwicklungen bekannt gegeben. Das Unternehmen hat erfolgreich eine Privatplatzierung über 5,0 Millionen US-Dollar durch den Verkauf von 5 Millionen Stammaktien zu 1,00 USD pro Aktie abgeschlossen. Die Mittel werden für laufende Betriebsmittel und allgemeine Unternehmenszwecke verwendet, darunter Investitionen in Personal, Marketing und Produktinnovation.
Darüber hinaus hat Reed's Michael Tu in den Vorstand berufen, einen Berater für Unternehmensführung und Experte im Wertpapierprozess, der Lee Edwards ersetzt. Tu bringt fast drei Jahrzehnte Erfahrung in Unternehmensführung und Wertpapierrecht mit und war Partner bei Orrick und Cooley.
ريـدز (OTCQX: REED)، شركة رائدة في مجال مشروبات الزنجبيل الطبيعية، أعلنت عن تطورين مهمين. تمكنت الشركة من إغلاق طرح خاص بقيمة 5.0 ملايين دولار من خلال بيع 5 ملايين سهم عادي بسعر 1.00 دولار للسهم. ستُستخدم العائدات في رأس المال العامل ولأغراض الشركات العامة، بما في ذلك الاستثمارات في القوى العاملة والتسويق وابتكار المنتجات.
بالإضافة إلى ذلك، عينت Reed's ميخائيل تـو، مستشار حوكمة الشركات وخبير في دعاوى الأوراق المالية، في مجلس إدارتها، ليحل محل Lee Edwards. يجلب Tu ما يقرب من ثلاثة عقود من الخبرة في حوكمة الشركات وقانون الأوراق المالية، عمل كَشريكٍ في Orrick وCooley.
Reed's (OTCQX: REED)，一家领先的天然姜味饮料公司，宣布两项重要进展。公司已通过出售500万股普通股，以每股1.00美元的价格，成功完成价值500万美元的私募配售。募集资金将用于营运资金和一般公司用途，包括在人力、市场营销和产品创新方面的投资。
此外，Reed's 已任命Michael Tu为董事会成员，担任企业治理顾问和证券诉讼专家，接替 Lee Edwards。Tu 在企业治理和证券法领域拥有近三十年的经验，曾任 Orrick 与 Cooley 的合伙人。
- Secured $5.0 million in new capital through PIPE financing
- Strengthened Board expertise with appointment of experienced corporate governance expert
- Proceeds to enhance working capital for marketing, personnel, and product innovation investments
- Share dilution from issuance of 5 million new common shares
- Trading on OTCQX market rather than major exchange indicates lower tier listing
NORWALK, Conn., Sept. 16, 2025 (GLOBE NEWSWIRE) -- Reed’s, Inc. (OTCQX: REED) (“Reed’s” or the “Company”), owner of the nation’s leading portfolio of handcrafted, natural ginger beverages, today announced the closing of a securities purchase agreement for a private investment in public equity (“PIPE”) financing. The transaction, which closed on September 15, 2025, generated gross proceeds of
“This financing represents an important step forward in our plan to accelerate growth and build long-term shareholder value,” said Cyril Wallace, Chief Executive Officer of Reed’s. “The proceeds will enhance our working capital position, giving us greater flexibility to invest in key areas such as personnel, marketing and product innovation. We believe our fortified balance sheet will enable us to strengthen our brand presence, expand market share, and position Reed’s for sustainable growth and profitability ahead.”
In addition to the PIPE financing, the Company has appointed corporate governance advisor and securities litigation expert, Michael Tu, to its Board of Directors (“Board”), effective September 15, 2025. Mr. Tu replaces Lee Edwards, who has resigned to pursue other interests.
Mr. Tu brings nearly three decades of experience in corporate governance and securities law, advising and representing boards, committees and executives at numerous public and private companies. He spent approximately 20 years as a partner at Orrick and Cooley, leading securities litigation and enforcement practices and providing counseling on disclosure, regulatory investigations, and fiduciary matters. Mr. Tu has also taught board governance and risk management at Stanford University’s Senior Executive Leadership Program and University of California, Los Angeles’s Director Training Program, and has been recognized by Chambers USA, Martindale-Hubbell, Legal 500, and Best Lawyers in America for securities litigation. Mr. Tu holds a Juris Doctor from the University of California School of Law, Los Angeles, and a Bachelor of Arts from the University of California, Berkeley.
Mr. Wallace added, “We thank Lee for his many contributions and thoughtful guidance during his time on the Board. As we look to the next phase of Reed’s evolution, we’re pleased to welcome Michael to the team. We believe his extensive background in corporate governance and securities law will be invaluable as we continue to strengthen our foundation as a public company, enhance our governance practices, and position the business for sustainable, long-term growth.”
For more information, please refer to the Company’s Form 8-K filed today, September 16, 2025, with the Securities and Exchange Commission.
About Reed's, Inc.
Reed’s is an innovative company and category leader that provides the world with high quality, premium and better-for-you sodas. Established in 1989, Reed's is a leader in craft beverages under the Reed’s®, Virgil’s® and Flying Cauldron® brand names. The Company’s beverages are now sold in over 32,000 stores nationwide.
Reed’s is known as America's original ginger beer brand. Crafted using real ginger and premium ingredients, Reed’s portfolio includes ginger beers, ginger ales, ready-to-drink ginger mules and hard ginger ales in both classic and zero sugar varieties. The brand also recently launched a new functional soda line featuring adaptogenic ingredients.
Virgil's® is an award-winning line of craft sodas, made with the finest natural ingredients and without GMOs or artificial preservatives. The brand offers an array of great tasting, bold flavored sodas including Root Beer, Vanilla Cream, Black Cherry, Orange Cream, and Cola.
Flying Cauldron® is a non-alcoholic butterscotch beer prized for its creamy vanilla and butterscotch flavors. Sought after by beverage aficionados, Flying Cauldron is made with natural ingredients and no artificial flavors, sweeteners, preservatives, gluten, or caffeine.
For more information, visit drinkreeds.com, virgils.com and flyingcauldron.com.
Forward-Looking Statements
Statements in this release that are not historical are forward-looking statements. These forward- looking statements are typically identified by terms such as “aim,” "believe," "look forward to,” "can," “will,” “realize,” “deliver,” and similar expressions. Forward-looking statements include, but are not limited to, statements about the anticipated benefits of our strategic initiatives and investments, and our ability to achieve our strategic objectives, expand our business and generate long-term value. These forward-looking statements are based on current expectations. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties, and assumptions, many of which involve factors or circumstances that are beyond our control. These risks could materially impact our ability to access raw materials, production, transportation and/or other logistics needs.
If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, Reed’s actual results could differ materially from the results expressed or implied by the forward-looking statements we make. The risks and uncertainties referred to above include, but are not limited to: our ability to compete successfully; our ability to manage growth, including the expansion of our business to markets in Asia; our ability to refinance our credit facility on favorable terms, or at all; risks associated with new product releases; the impacts of inflation; risks that customer demand may fluctuate or decrease; our ability to attract and retain qualified management and personnel; our ability to develop and expand strategic and third party distribution channels; our dependence on third party suppliers, co-packers and distributors; our ability to continue to innovate; protection of intellectual property; inventory shortages or write-offs; general political or destabilizing events, including the wars in Ukraine and Israel; the effect of evolving domestic and foreign government regulations, including those addressing tariffs, data privacy and cross-border data transfers; and other risks detailed from time to time in Reed’s public filings, including Reed’s annual report on Form 10-K filed on March 28, 2025, as amended by Reed’s quarterly report on Form 10-Q for the period ended June 30, 2025 filed on August 13, 2025. These forward-looking statements are based on current expectations and speak only as of the date hereof. Reed’s assumes no obligation and does not intend to update these forward-looking statements, except as required by law.
Investor Relations Contact
Sean Mansouri, CFA or Aaron D’Souza
Elevate IR
ir@reedsinc.com
(720) 330-2829
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