Reed’s Announces Update to Shareholders Agreement with D&D Source of Life Holding Ltd.

On January 24, 2025, Reed’s, Inc., a Delaware corporation, disclosed that it has entered into an Amendment to the Shareholders Agreement with its majority stockholder, D&D Source of Life Holding Ltd. The Amendment to Shareholders Agreement, updating terms agreed upon previously, outlines provisions where D&D, while owning 25% or more of Reed’s issued and outstanding common stock, shall have rights including the designation of three individuals for appointment to Reed’s board of directors, with two being independent directors as defined by Nasdaq rules.

Additionally, D&D holds the privilege to designate a board observer and retain it under specific terms. The Board Observer Agreement, effective from the same date, allows the observer, Mr. Yumin Dai as designated by D&D, to attend board meetings, participate in discussions, and be indemnified and reimbursed for associated expenses.

Both the Amendment to Shareholders Agreement and the Board Observer Agreement are subject to the complete texts of the agreements attached to the Current Report on Form 8-K as Exhibits 10.1 and 10.2, respectively. These exhibits have been incorporated into the filing.

In compliance with Form 8-K requirements, Reed’s also submitted Exhibit 104, which includes a Cover Page Interactive Data File embedded within the Inline XBRL document.

Norman E. Snyder, Jr., the Chief Executive Officer of Reed’s, Inc., signed the report on January 28, 2025, in accordance with the Securities Exchange Act of 1934.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Reed’s’s 8K filing here.

Reed’s Company Profile

Reed's, Inc engages in the manufacture and distribution of natural beverages in the United States. The company offers Reed's craft ginger beer; Reed's real ginger ales; Reed's Classic Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.