Reed’s
Norwalk, Connecticut, United States · Food and Beverage, Food And Beverage, Food Processing
Reed’s is an innovative company and category leader that provides the world with high quality, premium and better-for-you beverages. Established in 1989, Reed's is a leader in craft beverages under the Reed’s®, Virgil’s® and Flying Cauldron® brand names. The Company’s beverages are now sold in over 32,000 stores nationwide.
Key facts
- Headquarters
- Norwalk, Connecticut, United States
- Employees
- 97
- Industries
- Food and Beverage, Food And Beverage, Food Processing
- Status
- Public (REED)
- Website
- reedsinc.com
- Company page
Recent activity at Reed’s
- : SEC 8-K (8.01): On November 9, 2026, Reed's, Inc. completed a Private Placement by issuing shares to its majority stockholder, D&D Source of Life Holding, Ltd., for gross proceeds of approximately $10.0 million. This transaction was the result of a securities purchase agreement signed on October 28, 2026, and it fulfilled a requirement under a Senior Secured Loan Agreement for the Company to secure cash equity contributions of at least $10.0 million by November 20, 2026. The details of the Purchase Agreement, including terms and conditions, are outlined in Exhibit 10.1 of a previous 8-K filing dated November 3, 2026. This capital influx is expected to bolster the Company's financial position significantly.
- : SEC 8-K (1.01): On November 6, 2026, Reed’s, Inc. entered into a third amendment to its Senior Secured Loan and Security Agreement with Whitebox Advisors and Cantor Fitzgerald Securities. This amendment revises the minimum liquidity covenant, stipulating that the company must maintain liquidity of at least $11,000,000 at any time, and introduces a new event of default regarding cash equity contributions, set at a minimum of $2,500,000 to be received by November 20, 2026. Additionally, a non-refundable extension fee of $25,000 is required, which must be paid by the same date. The amendment is critical as it modifies the existing financial covenant terms, impacting the company's ability to manage its liquidity effectively amidst a delayed private placement fundraising expected to close soon.
- : SEC 8-K (1.01): On September 30, 2026, Reed’s, Inc. entered into Amendment No. 2 to its Senior Secured Loan and Security Agreement with certain funds affiliated with Whitebox Advisors, LLC and Cantor Fitzgerald Securities. This amendment involves a modification of the existing Senior Secured Facility, specifically terminating the existing Revolving Credit Commitments. This strategic financial maneuver was aimed at restructuring the company's debt obligations and ensuring better financial flexibility, which may impact the company’s future operational decisions.
- : SEC 8-K (8.01): On August 14, 2026, the Company issued a press release regarding compliance with the NYSE American’s continued listing standards. The press release discusses the Company's actions and expectations surrounding regaining compliance with these standards, specifically stating a deadline of November 29, 2027, for meeting the required criteria. The notice and the company's plans involve risks and uncertainties that could affect the outcomes, as outlined in their previous public filings. This filing highlights the strategic importance of maintaining listing standards to ensure continued market presence and investor confidence.
- : SEC 8-K (5.02): On June 10, 2026, Reed's, Inc. held its 2026 annual meeting of stockholders where significant corporate governance changes were made. The stockholders elected five directors: Shufen Deng, Neal M. Cohane, Michael C. Tu, Sam Van, and Rudolf J. M. Bakker, to hold office until the 2027 annual meeting of stockholders. Additionally, the stockholders ratified the appointment of Weinberg & Company P.A. as the independent registered public accounting firm for the fiscal year ending December 31, 2026, and approved the Reed’s, Inc. 2026 Equity Incentive Plan, which adopted comprehensive compensation arrangements for existing and future officers. The Equity Incentive Plan's material features were detailed in the definitive proxy statement filed earlier on April 29, 2026, and took effect immediately upon the stockholder's approval at the annual meeting.
- : SEC 8-K (8.01): On June 3, 2026, the Company issued a press release regarding their compliance with the NYSE American's continued listing standards. This release discusses the submission of a compliance plan and expectations for regaining compliance by November 29, 2027. The forward-looking statements included indicate certain risks associated with the timely submission and acceptance of the plan by the NYSE American, pointing to potential impacts on the company's listing status. The press release is included as Exhibit 99.1 to this filing.
- : Reed’s Appoints Damian Warshall as Chief Operating Officer
- : Reed's, Inc. Appoints Damian Warshall as Chief Operating Officer
- : SEC 8-K (5.02): On April 24, 2026, Reed’s, Inc. announced the appointment of Damian Warshall as the Chief Operating Officer, effective April 27, 2026, taking over from Neal M. Cohane, who will remain as interim Chief Executive Officer. Prior to his appointment, Warshall served as COO at Pittston Co-Packers and held previous roles at Munk Pack and Reed’s itself. His initial salary will be $300,000 with a potential annual bonus of up to 80%. This significant leadership change is aimed at strengthening the company's operational leadership, with Warshall being eligible for the company's standard indemnification agreement.
- : SEC 8-K (5.02):
Reed’s funding history
| Date | Round | Amount |
|---|---|---|
| May 2023 | Seed | $4.1M |
| May 2023 | Funding Round | Undisclosed |
| Feb 2023 | Seed | $2.5M |
| Mar 2022 | Venture | $5.4M |
| Jan 2018 | Venture | $1 |
Leadership
- Scott Grossman, Director
- James Bass, Director
- Stalowir Val, Executive Officer, Director
- Lewis Jaffe, Director
- Charles Cargile, Director
- John Bello, Director
- Christopher Reed, Executive Officer, Director
- Stefan Freeman, Executive Officer, Director
Verified email and direct lines for Reed’s’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
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About Reed’s: questions and answers
What does Reed’s do?
Reed’s is an innovative company and category leader that provides the world with high quality, premium and better-for-you beverages. Established in 1989, Reed's is a leader in craft beverages under the Reed’s®, Virgil’s® and Flying Cauldron® brand names. The Company’s beverages are now sold in over 32,000 stores nationwide.
Where is Reed’s headquartered?
Reed’s is headquartered in Norwalk, Connecticut, United States.
How many employees does Reed’s have?
Reed’s has about 97 employees.
Has Reed’s raised funding?
Yes. Fundz has recorded 5 funding events for Reed’s. The most recent, Seed of $4.1M, was in May 2023.
What is the latest news on Reed’s?
On Nov 09, 2026, SEC 8-K (8.01): On November 9, 2026, Reed's, Inc. completed a Private Placement by issuing shares to its majority stockholder, D&D Source of Life Holding, Ltd., for gross proceeds of approximately $10.0 million. This transaction was the result of a securities purchase agreement signed on October 28,
Is Reed’s a public company?
Yes. Reed’s is publicly traded under the ticker REED.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy