Reed’s Raises $10 Million in Share Placement to Majority Stockholder
Reed’s agreed to sell 17,421,602 common shares to D&D Source of Life Holding for approximately $10.0 million at $0.574 per share. The placement is expected to close on or about November 6, 2026.
Reed's agreed to sell 17,421,602 common shares to its majority stockholder, D&D Source of Life Holding, for approximately $10.0 million in gross proceeds at $0.574 per share. The placement is expected to close on or about November 6, 2026, and the company plans to use the net proceeds for working c…