D&D Source of Life Ups Stake in Reed's, Inc.
Ticker: REED · Form: SC 13D/A · Filed: Sep 13, 2024 · CIK: 1140215
| Field | Detail |
|---|---|
| Company | Reed'S, Inc. (REED) |
| Form Type | SC 13D/A |
| Filed Date | Sep 13, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.0001, $4,903,192, $3,000,000, $1,903,192, $1.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
Related Tickers: REED
TL;DR
D&D Source of Life Holding just amended their Reed's Inc. filing - big ownership change incoming.
AI Summary
On September 13, 2024, D&D SOURCE OF LIFE HOLDING LTD. filed an amendment (No. 1) to its Schedule 13D regarding Reed's, Inc. The filing indicates a change in beneficial ownership, with D&D SOURCE OF LIFE HOLDING LTD. now holding a significant stake in the company. The specific percentage and number of shares are detailed within the filing.
Why It Matters
This filing signals a potential shift in control or influence over Reed's, Inc., which could impact its strategic direction and shareholder value.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership can lead to significant shifts in company strategy and control, introducing uncertainty.
Key Players & Entities
- D&D SOURCE OF LIFE HOLDING LTD. (company) — Filing entity
- REED'S, INC. (company) — Subject company
- DENG Shufen (person) — Filing entity representative
- Ning Liu, Esq. (person) — Authorized contact for notices
- King & Wood Mallesons (company) — Legal counsel
FAQ
What is the exact percentage of Reed's, Inc. common stock now beneficially owned by D&D SOURCE OF LIFE HOLDING LTD.?
The filing does not explicitly state the exact percentage of beneficial ownership in the provided text, but it is an amendment to a Schedule 13D, indicating a change in a previously reported significant stake.
When was the previous Schedule 13D filing made by D&D SOURCE OF LIFE HOLDING LTD. for Reed's, Inc.?
The filing is an amendment (No. 1) to a Schedule 13D, implying a prior filing, but the date of the original filing is not specified in this excerpt.
What is the business address of Reed's, Inc.?
The business address of Reed's, Inc. is 201 MERRITT 7 CORPORATE PARK, NORWALK, CT 06851.
Who is authorized to receive notices and communications for this filing?
Ning Liu, Esq. from King & Wood Mallesons is authorized to receive notices and communications.
What is the CUSIP number for Reed's, Inc. Common Stock?
The CUSIP number for Reed's, Inc. Common Stock is 758338107.
Filing Stats: 2,019 words · 8 min read · ~7 pages · Grade level 13.1 · Accepted 2024-09-13 19:42:13
Key Financial Figures
- $0.0001 — Inc. (Name of Issuer) Common Stock, $0.0001 par value per share (Title of Class o
- $4,903,192 — eral working capital of D&D. A total of $4,903,192 was paid to acquire for a total of 3,26
- $3,000,000 — ,795 shares of common stock, comprising $3,000,000 converted from previously funded Simple
- $1,903,192 — ldquo;SAFE”), with the balance of $1,903,192 paid in cash. The information set fort
- $1.50 — of common stock at a per share price of $1.50 (this transaction, the “Private P
Filing Documents
- tm2423784d1_sc13da.htm (SC 13D/A) — 55KB
- 0001104659-24-099902.txt ( ) — 57KB
of Schedule 13D
Item 4 of Schedule 13D. Item 5. Interest in Securities of the Issuer. (a)–(b)The responses of each Reporting Person to Rows (7) to (13) of the cover pages of this Schedule 13D/A are hereby incorporated by reference in this Item 5. The percentage of the class of securities beneficially owned by each Reporting Person used in this Schedule 13D/A as of the date hereof is calculated based on the sum of (i) 4,187,291 shares of common stock outstanding as of August 1, 2024 as disclosed in the Issuer’s Form 10-Q filed on August 13, 2024 and (ii) 4,000,000 shares of common Stock issued upon the closing of the Purchase Agreement. Except as disclosed in this Schedule 13D/A, none of the Reporting Persons presently has the power to vote or to direct the vote or to dispose or direct the disposition of any of the ordinary shares which it may be deemed to beneficially own. (c)Not applicable. (d)No person other than the persons listed is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any securities owned by either of the Reporting Persons. (e)Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. The information set forth in Item 4 of this Statement is incorporated by reference in this Item 6 . To the best knowledge of the Reporting Persons, except as provided herein, there are no other contracts, arrangements, understandings or relationships (legal or otherwise) between any of the Reporting Persons and any other person with respect to any securities of the Issuer, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies, or a pledge or contingency, the occurrence of which would give another person voting power over the securities of the Issuer. Item 7. Materials to be Filed as Exhibits. Exhibit Description A. Jo
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: September 13, 2024 D&D Source of Life Holding Ltd. By: /s/ DENG Shufen Name: DENG Shufen Title: Director DENG Shufen By: /s/ DENG Shufen