Reed’s Announces Closing of $5.0 Million Private Placement and Board Updates

(REED) 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.