Reed’s, Inc. Announces $10.0 Million Private Placement for Growth Strategy and Expansion
Jan 06, 2025
Contract Type
partnership
NorwalkOtherManufacturingFood and BeverageFood And BeverageHospitalityRetailFood Processing
Description
Reed’s, Inc., owner of the nation’s leading portfolio of handcrafted, natural ginger beverages, announced the closing of a securities purchase agreement for a private investment in public equity (“PIPE”) financing, generating gross proceeds of $10 million. The additional capital will support the company's efforts to invest in personnel and marketing resources, pursue accretive M&A opportunities and strategic partnerships, and expand internationally, all of which are aimed to accelerate growth and profitability in 2025.
Company Information
Company
Reed’s
Location
Norwalk, Connecticut, United States
About
Reed’s is an innovative company and category leader that provides the world with high quality, premium and better-for-you beverages. Established in 1989, Reed's is a leader in craft beverages under the Reed’s®, Virgil’s® and Flying Cauldron® brand names. The Company’s beverages are now sold in over 32,000 stores nationwide.
NorwalkOtherManufacturingFood and BeverageFood And BeverageHospitalityRetailFood Processing