NetworkNewsBreaks – Reed’s Inc. (NASDAQ: REED) Secures $12.1M in Underwritten Public Offering
Reed's (NASDAQ: REED), owner of the nation’s leading portfolio of handcrafted, all-natural beverages, has closed an underwritten public offering of 21,562,500 shares of common stock, including 2,812,500 additional shares per the full exercise of the over-allotment option granted to the underwriters. According to the update, Reed's secured gross proceeds of approximately $12.1 million, with each of the shares sold at the public offering price of $0.56. Reed’s intends to use the proceeds for debt repayment and working capital. Roth Capital Partners (“ROTH”) acted as sole book-running manager for the offering. To view the full press release, visit https://nnw.fm/LNsVq About Reed's…







