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Reed’s, Inc. Announces $10.0 Million Private Placement for Growth Strategy and Expansion
Contract Type
partnership
NorwalkOtherManufacturingFood and BeverageFood And BeverageHospitalityRetailFood ProcessingDescription
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.