{"id":725756,"date":"2023-01-25T09:07:52","date_gmt":"2023-01-25T14:07:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/reeds-inc-announces-reverse-stock-split\/"},"modified":"2023-01-25T09:07:52","modified_gmt":"2023-01-25T14:07:52","slug":"reeds-inc-announces-reverse-stock-split","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/reeds-inc-announces-reverse-stock-split\/","title":{"rendered":"Reed\u2019s Inc. Announces Reverse Stock Split"},"content":{"rendered":"<h2>\nReed\u2019s Common Stock to Begin Trading on a Split-Adjusted Basis on January 26, 2023<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>NORWALK, Conn., Jan.  25, 2023  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=BAo1mTnIL0XEnvdW4OAZAKWFWMyMGj8rz4_0XZGTEglhTXZoKYR6yfKRvcjKKyRXrimibk-QzzKBwGr_1rwm_Q==\" rel=\"nofollow noopener\" target=\"_blank\">Reed\u2019s, Inc.<\/a> (NASDAQ: REED) (\u201cReed\u2019s\u201d or the \u201cCompany\u201d), owner of the nation\u2019s leading portfolio of handcrafted, natural ginger beverages, is announcing that its Board of Directors (the \u201cBoard\u201d) approved a 1-for-50 reverse stock split of the Company\u2019s issued and outstanding shares of common stock, par value $0.001 per share. The reverse stock split will become effective at 12:01 a.m. Eastern Time on January 26, 2023 and the Company\u2019s common stock will open for trading on The Nasdaq Capital Market on a post-split basis under the Company\u2019s existing trading symbol \u201cREED\u201d. At such time, the Company\u2019s common stock will also commence trading under a new CUSIP number, 758338305.<\/p>\n<p>Upon the reverse stock split taking effect, every 50 shares of the Company\u2019s issued and outstanding common stock will automatically convert into one share of common stock without any change to the par value of $0.0001 per share. The amount of common stock outstanding will be reduced from approximately 126 million shares to approximately 2.5 million shares. Proportional adjustments will be made to the number of shares of common stock issuable upon exercise of Reed\u2019s outstanding stock options and warrants, as well as the applicable exercise price.<\/p>\n<p>Reed\u2019s expects that the reverse stock split, which was approved by shareholders at a special shareholder meeting on January 24, 2023, will increase the market price per share of the Company\u2019s common stock, bringing the Company into compliance with listing requirements of the $1.00 minimum bid price requirement by The Nasdaq Capital Market. The Company intends to continue to pursue additional actions to satisfy the exchange\u2019s minimum stockholders\u2019 equity requirement.<\/p>\n<p>Registered shareholders holding pre-split shares of the Company&#8217;s common stock are not required to take any action to receive post-split shares. Shareholders owning shares via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the reverse stock split, subject to such broker&#8217;s particular processes, and will not be required to take any action in connection with the reverse stock split.<\/p>\n<p>No fractional shares will be issued in connection with the reverse stock split. Any fractional shares created as a result of the reverse stock split will be rounded up to the nearest whole share for each stockholder. The reverse stock split impacts all holders of Reed\u2019s common stock proportionally and will not impact any shareholders\u2019 percentage ownership of common stock (except as to rounding up changes).<\/p>\n<p>Additional information regarding the reverse stock split is available on the Form 8-K filed today, as well as in the Company&#8217;s definitive proxy statement (Form DEF 14A) filed with the United States Securities and Exchange Commission on December 28, 2022.<\/p>\n<p>Any additional questions can be directed to the Company\u2019s transfer agent, Transfer Online, at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xZIPcArrOri9Oc677vhnDL-Wn8cONLDL8EGphW5UMaClZpao1Afkmgp-OaBooRXeUCT3vkTHkBKVLhSTLIU6JYHaG0UBg2vq_pdcJubzE40=\" rel=\"nofollow noopener\" target=\"_blank\">info@transferonline.com<\/a>.<\/p>\n<p>\n        <strong>About Reed&#8217;s, Inc.<\/strong>\n      <\/p>\n<p>Reed\u2019s is an innovative company and category leader that provides the world with high quality, premium and naturally bold\u2122 better-for-you beverages. Established in 1989, Reed&#8217;s is a leader in craft beverages under the Reed\u2019s<sup>\u00ae<\/sup>, Virgil\u2019s<sup>\u00ae<\/sup> and Flying Cauldron<sup>\u00ae<\/sup> brand names. The Company\u2019s beverages are now sold in over 45,000 stores nationwide.<\/p>\n<p>Reed\u2019s is known as America&#8217;s #1 name in natural, ginger-based beverages. Crafted using real ginger and premium ingredients, the Reed\u2019s portfolio includes ginger beers, ginger ales, ready-to-drink ginger mules, hard ginger ale, ginger shots, and ginger candies. The brand has recently successfully expanded into the zero-sugar segment with its proprietary, natural sweetener system.<\/p>\n<p>Virgil&#8217;s<sup>\u00ae<\/sup> is an award-winning line of craft sodas, made with the finest natural ingredients and without GMOs or artificial preservatives. The brand offers an array of great tasting, bold flavored sodas including Root Beer, Vanilla Cream, Black Cherry, Orange Cream, and more. These flavors are also available in nine zero sugar varieties which are naturally sweetened and certified ketogenic.<\/p>\n<p>Flying Cauldron<sup>\u00ae<\/sup>\u00a0is a non-alcoholic butterscotch beer prized for its creamy vanilla and butterscotch flavors. Sought after by beverage aficionados, Flying Cauldron is made with natural ingredients and no artificial flavors, sweeteners, preservatives, gluten, caffeine, or GMOs.\u00a0<\/p>\n<p>For more information, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=USkswYcLDJsdCaeQhjZkNtSkWl6nYUKGM5qweg001c2vNF6afnAtXeHlw8SCveW7PY9uJ02de2KjGGzi7Z5idJkQEUa1z8B-LfXGgN7KRB93twsqEVqniA-tKKwmnfMScIQL3CH0PyXZ1nEnr8-wSZ5ZE_GO8Jmnq6wdW93PQVOQV5YAt1BgcMQ7XXMjEzsEYsdyQxi2YpDmac-ct2djcwFf_O3SgrEBfE0TDBkS5af35lTpKi5MnQLnyeVTkTC1TwSwjzaKocEvFXpSO1ijOFL_1gBeHHHXl7159HAFUuyZAZRdHT2aKyOZmmPo19luNdz0vmEQhPN6uQyM6NYir95WNGe9AtB9hZRUpMPw6kluXxI_t7P2bowrcvkbvcCnZRyLBXIyijYnzXffIW6G3hPY09p6SnCjTY9k4nNmPNdYy85yTjSVfcFoZ9m3GplZO132IAmPczouEq8bfM9AAzoGP6VOGWrTmKiMHOWGLN-O4PAKf_TDOA_iKxabH82aZjQuoBOSJxzZC00gVHLONPScPUM8vMS44ISMrcYsFwj_1yOveKYDpCnpI3p1eEfB1LyutIwf0wmD8ixkQpTb3jUh-uqmVoD78CehisT_VIE=\" rel=\"nofollow noopener\" target=\"_blank\">drinkreeds.com<\/a>,\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=g_v5PHLVm_wcE7fLjuXB2Q3aTu0eU3L5vRLn1MsrI_mojinoA6sQJ4PTvPQqsCaAG4xzwrXnLioA7Uu5lWtho4eiyAeYW9ZFOIoAUZ3Udk0dwXy7JcRvr6qR7dIYnw1Y6BQVYBhes6Nj-Qj7AfptOlLYhLhu54zvq4jxSxunZOP35y-t8fzrw1pA8cPNZDin3TjRX1G5F02lsKH_ToupogqgWGZTsSwIWkBiqqDBVqzpNTtrIsqJPJSjc8GO3jXIt_3T-56yZwUQNZzwSYI2sMFEYDA4345tA1Bpr9p5VkxqFoiyBMa1y0S-572iHMojfbNEU-OowmH9FHMxoZHVrojxaODz_T97biUC8LZaz9SOdjJwVvQVYccrYDK85WYrHROlWR6VS1P-cdFfsrfGNFBS9Ttu_TVPYXrKxp1_xePZQYjIU3w_VbrDFYKMRZhJD_h206NaF2hqp76Dkd8aCu1GThzP9iNIhRwfWl9l3C_g46FO9fPcWwmAJlPy70bwubIrN_mV056u0avQwohs-1qeyy-BAbnnG5Rk9lhniZvoW2yCV93gItZHDUUJSwGH1XtuCewcvrHo_G8QAqLACoJwAxmqWLA-fKYXxr4idS8=\" rel=\"nofollow noopener\" target=\"_blank\">virgils.com<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=eW_Hx4-TGu-MwCKz2dQRRwPGM4fwQz3DB9F8Y055h_XO44ASYmszRlEHA5m0o16vG5gF6XRo2FzZP_R9R1FU6KcC650KHu7g3GexmUSQcBixkQiaKPPNA8MIAOFRQGm9vdBYzVleVPTkwb7lgI0PC5o-t8OvsIU8_z46NGVZaGxPOSisGL1EfAt91kEn-uwDk065UPQBcD1Ae16EvxDdxOhhvwlAsZIUhtt9AfWYLmTq4UP0b-ZoS_Elu0HAVOIJXPMOl0mwWLapy3KmkAI_TeNVcHQ-4sTHQPVh4qgU2MEBMSntOjV3MCo6DYEoIwEmMhlpxwp2hKGei-XQHMYNYS7SlEM37JYE4XZZxnlePx5KOdkvwrJYa824prQteh-sFK0GOKmUn7fv6d9ehTXgOGnz_MHoDAdPaj3CZXt9_AxUNrVmCkx0naCQFhv7s_fJgVqzkzskFOTys23e5AgVFc1TltS-q-3U_PUncs3it31ZSxJ5dOB4pJxeCq4z_wxrhaL6bNfZ3KYs1C8yU40RlzUWEdsTVHdjDsfhFoo45_9jP5HeUOJC0o-wDy6-H4RtYcoZLGShQMQr0-2xx1G7UAUkcnmAlbKxb2RJA_GRMWI26FmOMywH2oPCE_-JuJT5WmNRLelbVWiZBaWRfCrl8w==\" rel=\"nofollow noopener\" target=\"_blank\">flyingcauldron.com<\/a>.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p>This press release contains forward-looking statements that involve risks and uncertainties. Such forward-looking statements reflect Reed\u2019s expectations about its future performance and opportunities that involve substantial risks and uncertainties. When used herein, the words \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cmay,\u201d \u201cupcoming,\u201d \u201cplan,\u201d \u201ctarget,\u201d \u201cgoal,\u201d \u201cintend\u201d and \u201cexpect\u201d and similar expressions, as they relate to Reed\u2019s or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information available to Reed\u2019s as of the date of publication, including Reed\u2019s ability to realize any anticipated benefits from the reverse stock split, including maintaining its listing on the Nasdaq Capital Market and attracting new investors. These risks and uncertainties include, among other things, risks related to market, economic and other conditions, Reed\u2019s ability to comply with the financial and other covenants under its debt obligations, Reed\u2019s ability to manage costs and execute on its operational and budget plans, Reed\u2019s ability to achieve its financial goals, and Reed\u2019s ability to comply with all listing requirements of the Nasdaq Capital Market, the impacts of further inflation and other risks detailed from time to time in Reed\u2019s public filings, including Reed\u2019s annual report on Form 10-K filed on April 15, 2022 and subsequent reports filed with the Securities and Exchange Commission, which are available on the Securities and Exchange Commission\u2019s web site at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=U_d3x4HsKFQ7_7FYwnUM_h8iA3PnWsVEMwV-bRpQJxTRhUCUSgNixT-80D2BUCQZ8AgZoIQ2aYfcV0nmKMGaSw==\" rel=\"nofollow noopener\" target=\"_blank\">www.sec.gov<\/a>. These forward-looking statements are based on current expectations and speak only as of the date hereof. Reed\u2019s assumes no obligation and does not intend to update these forward-looking statements, except as required by law.<\/p>\n<p>\n        <strong>Investor Relations Contact <\/strong>\n      <\/p>\n<p>Sean Mansouri, CFA<br \/>Elevate IR<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rdA5lw79-62glIs-LE6oIH_z0DWUXkRbyqZ7FRhFXn6AwAcFaLDjgMUVI2t5-C3eW7nJnZslLyHjNlycJe1TDw==\" rel=\"nofollow noopener\" target=\"_blank\">ir@reedsinc.com<\/a><br \/>(720) 330-2829<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczNjUwNSM1Mzc0MjU2IzIwMjA3NjA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MjExOGE1ZDMtMjNmOC00NzNiLWJmMDUtZDgyODYzZGQzOGFmLTEwMzIzNjI=\/tiny\/Reeds-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Reed\u2019s Common Stock to Begin Trading on a Split-Adjusted Basis on January 26, 2023 NORWALK, Conn., Jan. 25, 2023 (GLOBE NEWSWIRE) &#8212; Reed\u2019s, Inc. (NASDAQ: REED) (\u201cReed\u2019s\u201d or the \u201cCompany\u201d), owner of the nation\u2019s leading portfolio of handcrafted, natural ginger beverages, is announcing that its Board of Directors (the \u201cBoard\u201d) approved a 1-for-50 reverse stock split of the Company\u2019s issued and outstanding shares of common stock, par value $0.001 per share. The reverse stock split will become effective at 12:01 a.m. Eastern Time on January 26, 2023 and the Company\u2019s common stock will open for trading on The Nasdaq Capital Market on a post-split basis under the Company\u2019s existing trading symbol \u201cREED\u201d. At such time, the Company\u2019s common stock will &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/reeds-inc-announces-reverse-stock-split\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Reed\u2019s Inc. Announces Reverse Stock Split&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-725756","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reed\u2019s Inc. Announces Reverse Stock Split - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/reeds-inc-announces-reverse-stock-split\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reed\u2019s Inc. Announces Reverse Stock Split - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Reed\u2019s Common Stock to Begin Trading on a Split-Adjusted Basis on January 26, 2023 NORWALK, Conn., Jan. 25, 2023 (GLOBE NEWSWIRE) &#8212; Reed\u2019s, Inc. (NASDAQ: REED) (\u201cReed\u2019s\u201d or the \u201cCompany\u201d), owner of the nation\u2019s leading portfolio of handcrafted, natural ginger beverages, is announcing that its Board of Directors (the \u201cBoard\u201d) approved a 1-for-50 reverse stock split of the Company\u2019s issued and outstanding shares of common stock, par value $0.001 per share. The reverse stock split will become effective at 12:01 a.m. Eastern Time on January 26, 2023 and the Company\u2019s common stock will open for trading on The Nasdaq Capital Market on a post-split basis under the Company\u2019s existing trading symbol \u201cREED\u201d. At such time, the Company\u2019s common stock will &hellip; Continue reading &quot;Reed\u2019s Inc. Announces Reverse Stock Split&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/reeds-inc-announces-reverse-stock-split\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-25T14:07:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczNjUwNSM1Mzc0MjU2IzIwMjA3NjA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/reeds-inc-announces-reverse-stock-split\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/reeds-inc-announces-reverse-stock-split\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Reed\u2019s Inc. Announces Reverse Stock Split\",\"datePublished\":\"2023-01-25T14:07:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/reeds-inc-announces-reverse-stock-split\\\/\"},\"wordCount\":977,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/reeds-inc-announces-reverse-stock-split\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODczNjUwNSM1Mzc0MjU2IzIwMjA3NjA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/reeds-inc-announces-reverse-stock-split\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/reeds-inc-announces-reverse-stock-split\\\/\",\"name\":\"Reed\u2019s Inc. Announces Reverse Stock Split - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/reeds-inc-announces-reverse-stock-split\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/reeds-inc-announces-reverse-stock-split\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODczNjUwNSM1Mzc0MjU2IzIwMjA3NjA=\",\"datePublished\":\"2023-01-25T14:07:52+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/reeds-inc-announces-reverse-stock-split\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/reeds-inc-announces-reverse-stock-split\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/reeds-inc-announces-reverse-stock-split\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODczNjUwNSM1Mzc0MjU2IzIwMjA3NjA=\",\"contentUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODczNjUwNSM1Mzc0MjU2IzIwMjA3NjA=\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/reeds-inc-announces-reverse-stock-split\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Reed\u2019s Inc. Announces Reverse Stock Split\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Reed\u2019s Inc. Announces Reverse Stock Split - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/reeds-inc-announces-reverse-stock-split\/","og_locale":"en_US","og_type":"article","og_title":"Reed\u2019s Inc. Announces Reverse Stock Split - Market Newsdesk","og_description":"Reed\u2019s Common Stock to Begin Trading on a Split-Adjusted Basis on January 26, 2023 NORWALK, Conn., Jan. 25, 2023 (GLOBE NEWSWIRE) &#8212; Reed\u2019s, Inc. (NASDAQ: REED) (\u201cReed\u2019s\u201d or the \u201cCompany\u201d), owner of the nation\u2019s leading portfolio of handcrafted, natural ginger beverages, is announcing that its Board of Directors (the \u201cBoard\u201d) approved a 1-for-50 reverse stock split of the Company\u2019s issued and outstanding shares of common stock, par value $0.001 per share. The reverse stock split will become effective at 12:01 a.m. Eastern Time on January 26, 2023 and the Company\u2019s common stock will open for trading on The Nasdaq Capital Market on a post-split basis under the Company\u2019s existing trading symbol \u201cREED\u201d. At such time, the Company\u2019s common stock will &hellip; Continue reading \"Reed\u2019s Inc. Announces Reverse Stock Split\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/reeds-inc-announces-reverse-stock-split\/","og_site_name":"Market Newsdesk","article_published_time":"2023-01-25T14:07:52+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczNjUwNSM1Mzc0MjU2IzIwMjA3NjA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/reeds-inc-announces-reverse-stock-split\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/reeds-inc-announces-reverse-stock-split\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Reed\u2019s Inc. Announces Reverse Stock Split","datePublished":"2023-01-25T14:07:52+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/reeds-inc-announces-reverse-stock-split\/"},"wordCount":977,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/reeds-inc-announces-reverse-stock-split\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczNjUwNSM1Mzc0MjU2IzIwMjA3NjA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/reeds-inc-announces-reverse-stock-split\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/reeds-inc-announces-reverse-stock-split\/","name":"Reed\u2019s Inc. Announces Reverse Stock Split - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/reeds-inc-announces-reverse-stock-split\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/reeds-inc-announces-reverse-stock-split\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczNjUwNSM1Mzc0MjU2IzIwMjA3NjA=","datePublished":"2023-01-25T14:07:52+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/reeds-inc-announces-reverse-stock-split\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/reeds-inc-announces-reverse-stock-split\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/reeds-inc-announces-reverse-stock-split\/#primaryimage","url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczNjUwNSM1Mzc0MjU2IzIwMjA3NjA=","contentUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczNjUwNSM1Mzc0MjU2IzIwMjA3NjA="},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/reeds-inc-announces-reverse-stock-split\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Reed\u2019s Inc. Announces Reverse Stock Split"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/725756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=725756"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/725756\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=725756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=725756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=725756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}