Union Square Park Capital Management Amends Reed's, Inc. Filing

TL;DR

Union Square Park Capital Management filed an update on their Reed's, Inc. stake. Watch this space.

AI Summary

Union Square Park Capital Management, LLC has filed an amendment (No. 4) to its Schedule 13D/A for Reed's, Inc. on September 24, 2024. The filing indicates a change in beneficial ownership of Reed's, Inc. common stock. Specific details regarding the percentage of shares owned or the exact nature of the change are not provided in this excerpt.

Why It Matters

This filing signals a potential shift in control or significant investment activity by Union Square Park Capital Management in Reed's, Inc., which could impact the company's stock performance and strategic direction.

Risk Assessment

Risk Level: medium — Schedule 13D/A filings often indicate significant changes in a major shareholder's position, which can lead to increased volatility and potential strategic shifts for the company.

Key Players & Entities

• Union Square Park Capital Management, LLC (company) — Filing entity
• Reed's, Inc. (company) — Subject company
• 20240924 (date) — Filing date

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
• $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
• $1.50 — price in the next equity financing and $1.50. On September 10, 2024, the Issuer clo
• $1 — ,000,000 Shares at a per Share price of $1.50, pursuant to a securities purchase a

Filing Documents

• formsc13da.htm (SC 13D/A) — 161KB
• 0001493152-24-037956.txt ( ) — 162KB

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: September 24, 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: June 2, 2023 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

View Full Filing

View this SC 13D/A filing on SEC EDGAR