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Reed’s ( (REED) ) just unveiled an update.
On September 12, 2025, Reed’s, Inc. entered into a securities purchase agreement with six accredited investors for a private placement of 5,000,000 shares of common stock, resulting in $5 million in gross proceeds. The company plans to use these funds for working capital and general corporate purposes. Additionally, on September 10, 2025, Randle Lee Edwards resigned from the Board of Directors, and on September 15, 2025, Michael Tu was appointed to fill the vacancy. Mr. Tu, nominated by the company’s largest shareholder, will serve on several committees and is recognized as an independent director under Nasdaq and SEC rules.
The most recent analyst rating on (REED) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Reed’s stock, see the REED Stock Forecast page.
Spark’s Take on REED Stock
According to Spark, TipRanks’ AI Analyst, REED is a Neutral.
Reed’s overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues, negative margins, and high leverage. Technical analysis and valuation provide little support, with mixed signals and a negative P/E ratio. The earnings call highlights strategic efforts but also underscores ongoing financial challenges.
To see Spark’s full report on REED stock, click here.
More about Reed’s
Reed’s, Inc. is a Delaware-based company involved in the issuance and sale of common stock through private placements.
Average Trading Volume: 6,943
Technical Sentiment Signal: Strong Sell
Current Market Cap: $48.67M
See more insights into REED stock on TipRanks’ Stock Analysis page.