Reed'S, Inc. 8-K Filing

Ticker: REED · Form: 8-K · Filed: Sep 13, 2024 · CIK: 1140215

Reed'S, Inc. 8-K Filing Summary
FieldDetail
CompanyReed'S, Inc. (REED)
Form Type8-K
Filed DateSep 13, 2024
Pages5
Reading Time6 min
Key Dollar Amounts$0.0001, $1.50, $6 m, $1,903,192, $3,000,000
Sentimentneutral

Sentiment: neutral

FAQ

What type of filing is this?

This is a 8-K filing submitted by Reed'S, Inc. (ticker: REED) to the SEC on Sep 13, 2024.

What are the key financial figures in this filing?

Key dollar amounts include: $0.0001 (shares (the "Shares") of common stock, $0.0001 par value per share ("common stock"), p); $1.50 (of the Shares at the purchase price of $1.50 for aggregate offering proceeds of $6 m); $6 m (1.50 for aggregate offering proceeds of $6 million, and subsequent funding was unani); $1,903,192 (he lead investor in the PIPE, investing $1,903,192 in cash and $3,000,000 through the auto); $3,000,000 (PIPE, investing $1,903,192 in cash and $3,000,000 through the automatic conversion of its).

How long is this filing?

Reed'S, Inc.'s 8-K filing is 5 pages with approximately 1,479 words. Estimated reading time is 6 minutes.

Where can I view the full 8-K filing?

The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.

Filing Stats: 1,479 words · 6 min read · ~5 pages · Grade level 9.5 · Accepted 2024-09-13 17:25:07

Key Financial Figures

  • $0.0001 — shares (the "Shares") of common stock, $0.0001 par value per share ("common stock"), p
  • $1.50 — of the Shares at the purchase price of $1.50 for aggregate offering proceeds of $6 m
  • $6 m — 1.50 for aggregate offering proceeds of $6 million, and subsequent funding was unani
  • $1,903,192 — he lead investor in the PIPE, investing $1,903,192 in cash and $3,000,000 through the auto
  • $3,000,000 — PIPE, investing $1,903,192 in cash and $3,000,000 through the automatic conversion of its

Filing Documents

01 Changes in Control of Registrant

Item 5.01 Changes in Control of Registrant. Reference is made to the disclosures set forth under Item 1.01 of this Current Report on Form 8-K, which disclosure is incorporated herein by reference. In connection with the PIPE more fully described in Item 1.01, on September 10, 2024, D&D subscribed for an aggregate of 3,268,795 shares of common stock. Prior to the PIPE, D&D was already the company's largest stockholder, beneficially holding 31.5% shares of common stock and the convertible SAFE in the amount of $3,000,000. At the closing, D&D became a beneficial holder of 55.4% shares of common stock, which is calculated assuming exercise of 232,108 currently exercisable warrants to purchase common stock. D&D did not obtain any director designation rights pursuant to the PIPE. D&D however holds director designation rights pursuant to its prior contractual agreements with the company, more specifically as described hereinbelow. D&D's subscription in the PIPE was paid through automatic conversion of its SAFE in the principal amount of $3,000,000 with the balance of $1,903,192 paid in cash. D&D has confirmed that the source of cash funds for its investments in the PIPE and SAFE is general working capital of D&D. Shufen Deng, Vice Chairman of the Company, is the sole principal of D&D and has voting and dispositive control over the shares of common stock held by D&D. Ms. Deng was appointed as director on July 7, 2023 and subsequently appointed Vice Chairman of the Board and Chairman of Asian Operations on February 8, 2024. Ms. Deng was elected to continue to serve as director at the Company's 2023 Annual Meeting of Stockholders. Randle Lee Edwards was elected to the Board at the company's 2023 Annual Stockholders' meeting on December 12, 2024. Ms. Deng was elected to continue to serve as director at the Company's 2023 Annual Meeting of Stockholders. D&D has the right to designate one additional independent director. Transaction History D&D was the lead investor in

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