Reed’s Inc. Announces Proposed Public Offering of Common Stock
14 Febrero 2019 - 3:05PM
Reed’s Inc. (NYSE American: REED), owner of the nation’s leading
portfolio of handcrafted, all-natural beverages, today announced
that it intends to offer shares of its common stock in an
underwritten public offering. Reed’s also expects to grant to
the underwriters of the offering a 45-day option to purchase
additional shares of common stock offered in the underwritten
public offering on the same terms and conditions. The offering is
subject to market and other conditions, and there can be no
assurance as to whether or when the offering may be completed, or
as to the actual size or terms of the offering.
Roth Capital Partners is acting as the sole
manager for the offering.
Reed’s intends to use the net proceeds from the
proposed offering to fund the growth of its business, new products,
sales and marketing efforts, working capital, and for general
corporate purposes.
A shelf registration statement relating to the
shares of common stock to be issued in the proposed offering was
filed with the Securities and Exchange Commission (the "SEC") and
is effective. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy any of the securities
described herein, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction. Copies of
the preliminary prospectus supplement and accompanying prospectus
will be filed with the Securities and Exchange Commission and, when
available, may be obtained from Roth Capital Partners, LLC, 888 San
Clemente, Newport Beach, CA 92660, Attention: Prospectus
Department, by telephone at (800) 678-9147 or by accessing the
SEC's website, www.sec.gov.
Safe Harbor / Forward-Looking
Statements
This press release contains “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995 regarding the proposed public offering and the
intended use of proceeds from the offering. The offering is subject
to market and other conditions and there can be no assurance as to
whether or when the offering may be completed or as to the actual
size or terms of the offering. These forward-looking statements are
subject to risks and uncertainties that may cause actual results to
differ materially, including market conditions, risks associated
with the cash requirements of our business and other risks detailed
from time to time in our filings with the Securities and Exchange
Commission, and represent our views only as of the date they are
made and should not be relied upon as representing our views as of
any subsequent date. We do not assume any obligation to update any
forward-looking statements.
CONTACT: Investor RelationsScott Van Winkle,
ICR(800) 997-3337 Ext 6Or (617)
956-6736Email: ir@reedsinc.comwww.reedsinc.com
Reeds, Inc. (AMEX:REED)
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