Reed's Enters $10 Million Private Placement With Majority Investor

01:52 PM EDT, 10/28/2026 (MT Newswires) -- Reed's (REED) entered into a securities purchase agreement with majority investor D&D Source of Life Holding for a private investment in public equity financing, it said Wednesday. The company said it will sell 17.42 million common shares at $0.574 each, expected to raise about $10 million in gross proceeds. Closing is expected on or about Oct. 30, it added. Reed's said it plans to use net proceeds for working capital and general corporate purposes. Price: 0.62, Change: -0.11, Percent Change: -15.41