Every 8-K that Reed's, Inc. (REED) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow REED and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full REED filings page.
Reed’s, Inc. has received a NYSE American notice that it is out of compliance with continued listing standards because it reported a stockholders’ deficit of $(1.5) million and losses from continuing operations and/or net losses in its five most recent fiscal years ended December 31, 2025. The exchange requires stockholders’ equity of at least $2.0 million under Section 1003(a)(i) of the NYSE American Company Guide, and Reed’s does not qualify for any market-capitalization-based exemption.
NYSE American has accepted Reed’s previously submitted plan to regain compliance, and the company will undergo periodic, including quarterly, reviews through November 29, 2027. Reed’s shares will continue to trade on NYSE American under the symbol REED with a “.BC” suffix indicating below-compliance status, and there is a stated possibility of delisting proceedings if the company fails to make sufficient progress or regain compliance by the deadline.
Reed’s, Inc. reported second-quarter 2026 net sales of $7.5 million, down from $9.5 million a year earlier, mainly due to lower volumes with recurring national customers. Despite the sales decline, gross profit rose to $1.8 million and gross margin improved to 24% from 8%, helped by sharply lower inventory write-offs.
Operating expenses declined, with delivery and handling expense down to $1.1 million and selling, general and administrative expense at $4.7 million. Net loss narrowed to $4.3 million, or $(0.36) per share, compared with $6.0 million, or $(0.78) per share; EBITDA loss improved to $(4.0) million from $(5.7) million. Management highlights sequential gains in sales, gross margin and cost controls and continues corrective actions, including regaining retail shelf space and improving working capital.
Liquidity remains a key focus. Cash used in operations for the first half improved to $8.0 million from $10.4 million, but cash fell to $2.4 million at June 30, 2026 from $10.4 million at year-end 2025, with total debt at $9.2 million and stockholders’ equity in a $1.5 million deficit. The company is evaluating financing alternatives to support its business and aims for continued gross margin expansion and progress toward profitable growth.
Reed’s, Inc. reported results from its 2026 annual stockholder meeting. Stockholders approved the Reed’s, Inc. 2026 Equity Incentive Plan, which became effective immediately upon approval. They also elected five directors to serve until the 2027 annual meeting.
Stockholders ratified Weinberg & Company P.A. as independent registered public accounting firm for the fiscal year ending December 31, 2026. They approved the compensation of named executive officers in an advisory vote and chose a three-year frequency for future advisory votes on executive compensation, which the Board adopted.
Reed’s, Inc. reported that NYSE American notified the company on May 29, 2026 that it no longer meets continued listing standards because its stockholders’ equity was $2.7 million as of March 31, 2026, below the required $4.0 million and $6.0 million thresholds tied to multi-year net losses.
Reed’s must submit a plan by June 28, 2026 describing how it will regain compliance by November 29, 2027, an eighteen‑month cure period. Its common stock will remain listed on NYSE American during this time but will trade under the symbol “REED.BC” to reflect its below‑compliance status. The company states that the notice does not change its day‑to‑day operations or SEC reporting and that it intends to submit a plan, though there is no assurance it will restore compliance or avoid potential delisting.
Reed’s, Inc. reported significantly weaker first-quarter 2026 results, with net sales of $7.1 million versus $10.0 million a year earlier. Gross profit fell to $0.7 million and gross margin compressed to 10% from 34%, reflecting discontinued and slow-moving inventory write-offs and higher costs.
Operating expenses rose sharply, as selling, general and administrative costs increased to $5.8 million from $3.5 million, contributing to a wider net loss of $6.5 million or $(0.55) per share, compared with a net loss of $2.0 million or $(0.27) per share. EBITDA was $(6.2) million versus $(1.7) million in the prior-year quarter.
Cash used in operations was $5.8 million, leaving cash at $4.6 million as of March 31, 2026, down from $10.4 million at year-end, while total debt remained about $9.2 million. Management detailed numerous corrective actions, including portfolio rationalization, cost reductions, expanded sales partnerships, and a new chief operating officer appointment, and stated that first-quarter performance is not viewed as indicative of the rest of 2026.
Reed’s, Inc. has appointed Damian Warshall as Chief Operating Officer, effective April 27, 2026, taking over the role from Neal M. Cohane, who remains interim Chief Executive Officer. Warshall previously served as Reed’s Vice President of Operations and brings extensive beverage manufacturing and supply chain experience.
Under his offer of employment, Warshall will receive an initial annual base salary of $300,000 and will be eligible for an initial annual target bonus of up to 80% of that base salary. The company highlighted his track record in improving cost structures, scaling operations, and supporting profitable growth as it focuses on strengthening margins and operational efficiency.
Reed’s, Inc. detailed the separation arrangements for former Chief Executive Officer Cyril A. Wallace, Jr., who ended employment on March 31, 2026 and will consult through April 30, 2026. The company and Mr. Wallace entered into a Separation Agreement and Release on April 16, 2026.
Under the agreement, Reed’s will pay severance equal to one month of Mr. Wallace’s annual base salary, totaling $58,333.33, and a lump sum of $2,836.60 representing one month of COBRA premiums. The company will also waive repayment of his sign-on bonus and relocation expenses under his Employment Agreement.
In full satisfaction of a prior 46,667-share inducement restricted stock award, the Compensation Committee approved a fully vested restricted stock award for 36,657 shares under the 2020 Equity Incentive Plan, to be issued on or before April 30, 2026, plus a cash payment of $36,336.30.
Reed’s, Inc. plans to hold its 2026 annual meeting of stockholders on June 10, 2026. Stockholders who want to bring business before the meeting or nominate directors must deliver notice to the company’s principal executive offices by the close of business on April 18, 2026.
Stockholder proposals intended for inclusion in the proxy statement under Rule 14a-8 also must be received by April 18, 2026 and must meet the requirements of the company’s Bylaws and applicable securities laws. Notices should be sent to the Secretary at 501 Merritt 7 PH, Norwalk, Connecticut 06851, with further details to appear in the forthcoming definitive proxy statement.
Reed’s, Inc. announced a leadership change as Chief Executive Officer and director Cyril A. Wallace, Jr. notified the board he will resign effective March 24, 2026, remaining an employee through March 31, 2026. The company states his departure is not due to any disagreement over operations, policies, or practices.
Effective March 24, 2026, Chief Operating Officer Neal M. Cohane is appointed interim Chief Executive Officer and principal executive officer and joins the board, serving until the 2026 annual meeting or until a successor is in place. Cohane has extensive beverage industry and prior Reed’s experience and has signed the company’s standard indemnification agreement.
Reed’s, Inc. reported weaker 2025 results and a leadership change. Full-year net sales were $34.1 million versus $38.0 million, while net loss widened to $15.8 million from $13.2 million and EBITDA was $(14.6) million versus $(7.3) million. Fourth-quarter net sales were $7.5 million versus $9.7 million, with gross margin falling to 20% from 30%, and EBITDA at $(3.6) million versus $(3.1) million. Delivery and handling and SG&A costs declined in Q4, helping narrow the quarterly net loss to $3.8 million from $4.1 million. The company ended 2025 with $10.4 million of cash and $9.3 million of total debt. Neal Cohane was appointed interim CEO and director, replacing former CEO Cyril Wallace, and a search for a permanent CEO is underway.
Reed’s, Inc. reported that it has appointed Neal Cohane as Chief Operating Officer, effective January 5, 2026. The company disclosed his background in beverage industry leadership roles, including prior service as Reed’s Chief Sales Officer and positions at PepsiCo, SoBe and Coca-Cola.
Under his offer letter, Mr. Cohane will receive a base salary of $320,000 per year, an annual discretionary bonus of up to 80% of base salary, and a $1,000 per month stipend that includes a car allowance. Subject to annual review and conditions set by the Compensation Committee, he will also be eligible for an equity incentive award with a target grant date value of $500,000. The company attached his offer letter and a press release announcing the appointment as exhibits.
Reed’s, Inc. announced an underwritten public offering and an exchange uplisting. The company sold 2,500,000 shares of common stock together with warrants to purchase 2,500,000 shares, with each share-and-warrant unit priced at $4.00. Underwriters also partially exercised an overallotment option for additional warrants to purchase 375,000 shares. All securities were sold by Reed’s, generating approximately $9.0 million in net proceeds.
The company plans to use these funds, along with existing cash, to support growth initiatives, working capital, general corporate purposes and possible debt repayment. The warrants are immediately exercisable at $4.50 per share and expire on December 8, 2030, subject to 4.99% or 9.99% ownership limits. Reed’s controlling stockholder, D&D Source of Life Holding Ltd., and its affiliates bought about $5.0 million of the offering. In connection with the deal, Reed’s common stock was approved for listing on the NYSE American and began trading there, ending its quotation on the OTCQX market, and the company’s Second Amended and Restated Bylaws became effective.
Reed’s, Inc. furnished an 8‑K announcing it issued a press release with financial results for the three and nine months ended September 30, 2025. The press release is included as Exhibit 99.1 and covers the company’s recent operating performance.
The information was furnished, not filed, under Item 2.02 and therefore is not subject to Section 18 liability nor automatically incorporated by reference into other filings unless specifically referenced.
Reed’s, Inc. implemented a 1-for-6 reverse stock split of its common stock, effective October 31, 2025 at 5:00 p.m. Eastern Time. The split does not change the number of authorized shares.
After effectiveness, there were approximately 8,945,620 shares outstanding prior to eliminating fractional shares. The stock will begin trading on a split-adjusted basis on the OTCQX Best Market on November 3, 2025. The new CUSIP is 758338404. A stockholder holding approximately 52.8% previously authorized the Board’s discretion to set a ratio between 1-for-3 and 1-for-9.
Reed’s, Inc. reports that its majority stockholder, D&D Source of Life Holding Ltd., which owned approximately 52.8% of Reed’s outstanding voting shares on September 29, 2025, has approved a reverse stock split of the company’s common stock by written consent.
The reverse split will consolidate Reed’s common stock at a ratio of not less than 1-for-3 and not greater than 1-for-9, without reducing the number of authorized common shares. This means each holder will own fewer shares, but each share will represent a proportionally larger ownership interest.
Reed’s has filed a preliminary Information Statement on Schedule 14C with the SEC and plans to file a definitive Schedule 14C. The reverse split will take effect when a certificate of amendment to the charter is filed with the Delaware Secretary of State (or a later date specified there), which may be no earlier than 20 calendar days after the definitive Schedule 14C is filed.
Reed’s, Inc. entered a first amendment to its Senior Secured Loan and Security Agreement covering its revolving credit facility with funds affiliated with Whitebox Advisors and Cantor Fitzgerald as agent. The amendment reduces the aggregate principal of the revolving loans from $10.0 million to $9.25 million.
As of the effective date, total Revolving Credit Commitments were $9.25 million, and interest on the revolving loans became payable monthly on the last business day of each month. Reed’s paid Cantor Fitzgerald $650,000 of debt repayment plus accrued interest, while all other material loan terms remain in effect.
Reed’s, Inc. reported that its Board of Directors approved an immediate amendment to the company’s bylaws on September 25, 2025. The amendment designates the Court of Chancery of the State of Delaware as the exclusive forum for certain internal corporate disputes, such as derivative actions brought on behalf of the company and claims alleging breaches of fiduciary duty by directors, officers, or stockholders, unless the company consents in writing to another forum. It also states that federal district courts in the United States will be the exclusive forum for any complaint asserting a cause of action under the Securities Act of 1933. The full text of this bylaw amendment is provided as an exhibit to the report.
REED'S, INC. disclosed that its largest shareholder (the Majority Stockholder) retains the right to nominate directors under a Shareholders Agreement dated May 25, 2023, as amended January 24, 2024. Under that agreement the Majority Stockholder may nominate three directors, including two who qualify as independent. The filing states that Mr. Tu was nominated to the Board by the Majority Stockholder as one of the two permitted independent nominees. The disclosure notes that nominees are expected to meet Nasdaq and SEC standards for independence for committee service. The notice is signed by Douglas W. McCurdy, Chief Financial Officer.
Reed’s, Inc. reported leadership changes in its commercial and marketing organization. On September 8, 2025, Chief Commercial Officer Christopher Burleson notified the company of his intention to resign from that role, effective September 12, 2025. The company stated that his resignation is not due to any disagreement with the company, its Board of Directors, or any matter related to operations, policies, or practices.
Reed’s subsequently announced organizational updates, including appointing Tina Reejsinghani as Chief Marketing Officer, effective September 15, 2025. These changes were communicated in a press release dated September 12, 2025, which is included as an exhibit to the report.