Reed's announces closing of $5.0 million private placement and board updates

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 $5.0 million. pursuant to the terms of the securities purchase agreement, the company sold an aggregate of 5,000,000 shares of its common stock at a price of $1.00 per share. the company intends to use the net proceeds from the offering for working capital and general corporate purposes.
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