Union Square Park Amends Reed's Stake Disclosure

TL;DR

**Union Square Park Capital Management just updated their stake in Reed's, Inc. via a 13D/A filing.**

AI Summary

Union Square Park Capital Management, LLC filed an Amendment No. 3 to its Schedule 13D on February 27, 2024, updating its beneficial ownership disclosure for Reed's, Inc. Common Stock. The securities have a par value of $0.0001 per share and a CUSIP number of 758338305. This filing indicates a change in the reporting person's previously disclosed stake in the beverage company, Reed's, Inc.

Why It Matters

An amended Schedule 13D signals a change in a significant investor's position or intent regarding a company, potentially impacting stock price or corporate strategy.

Risk Assessment

Risk Level: medium — Changes in significant ownership by activist investors can lead to increased stock volatility or strategic shifts within the subject company.

Key Numbers

• $0.0001 — Par Value (Par value per share of Reed's, Inc. Common Stock)

Key Players & Entities

• REED'S, INC. (company) — Subject Company
• Union Square Park Capital Management, LLC (company) — Filing Party
• $0.0001 (dollar_amount) — Par value per share of Common Stock

FAQ

Key Financial Figures

• $0.0001 — Inc. (Name of Issuer) Common Stock, $0.0001 par value per share (Title of Class o
• $7,643,503 — ng capital of the USPP Fund. A total of $7,643,503.47, including brokerage commissions, wa
• $796,808 — e Shares reported herein. An additional $796,808 was paid pursuant to the SAFE investmen
• $3,000,000 — t of another investor for an additional $3,000,000 also converts upon the same terms and c
• $1.50 — eof and a per share conversion price of $1.50. The calculation does not include addit
• $0.2877 — 357,143 Shares* for a purchase price of $0.2877* per share in the Issuer’s privat
• $14.385 — 107,143 Shares at an exercise price of $14.385 (subject to further adjustment in certa
• $2.585 — e 38,685 Shares for a purchase price of $2.585 per share in the Issuer’s private
• $2.50 — 2023 Warrants have an exercise price of $2.50 per share, subject to adjustment in cer
• $796,808.00 — nvestment Amount Date of Issuance US $796,808.00 February 8, 2024 THIS SIMPLE AGREEME

Filing Documents

• formsc13da.htm (SC 13D/A) — 244KB
• 0001493152-24-007964.txt ( ) — 246KB

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, the undersigned certifies that the information set forth in this Date: February 27, 2024 Union Square Park Partners, LP /s/ Leon M. Zaltzman Name: Leon M. Zaltzman Title: Managing Member of the General Partner Union Square Park Capital Management, LLC /s/ Leon M. Zaltzman Name: Leon M. Zaltzman Title: Managing Member Union Square Park GP, LLC /s/ Leon M. Zaltzman Name: Leon M. Zaltzman Title: Managing Member /s/ Leon M. Zaltzman LEON M. ZALTZMAN CUSIP No. 758338305 SCHEDULE 13D Page 11 of 11 Pages EXHIBIT A JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that it knows or has reason to believe that such information is inaccurate. DATE: February 27, 2024 Union Square Park Partners, LP /s/ Leon M. Zaltzman Name: Leon M. Zaltzman Title: Managing Member of the General Partner Union Square Park Capital Management, LLC /s/ Leon M. Zaltzman Name: Leon M. Zaltzman Title: Managing Member Union Square Park GP, LLC /s/ Leon M. Zaltzman Name: Leon M. Zaltzman Title: Managing Member /s/ Leon M. Zaltzman LEON M. ZALTZMAN Exhibit H THIS INSTRUMENT AND THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF HAVE NOT BEEN REGISTERED U

View Full Filing

View this SC 13D/A filing on SEC EDGAR