REED'S, INC. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing (form 8-K)
August 24, 2022 at 04:23 pm EDT
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ITEM 3.01: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard
(b) On August 23, 2022, Reed's, Inc., a Delaware corporation ("Reed's" or the
"company") submitted an appeal to a hearings panel of the determination received
from Nasdaq Regulation on August 16, 2022 to delist the company's securities
from the Nasdaq Capital Market. The hearing is scheduled to be held September
22, 2022. The delisting action has been stayed pending a final written decision
by the Nasdaq Hearing Panel.
The company will address its plan for compliance with Listing Rules 5550(a)(2)
(minimum bid-price of at least $1 per share) and 5550(b)(1) (stockholders'
equity of at least $2,500,000) at the hearing.
Reedâs, Inc. owns a portfolio of handcrafted, natural beverages, which sells in over 45,000 outlets nationwide. These outlets include the natural and specialty food channel, grocery stores, mass merchants, drug stores, convenience stores, club stores, liquor stores, and on-premises locations including bars and restaurants. The Company provides craft beverages under the Reedâs, Virgilâs, and Flying Cauldron brand names. Reedâs portfolio includes ginger beers, ginger ales, ready-to-drink ginger mules and hard ginger ales. The Virgil's brand offers an array of flavored sodas, including Root Beer, Vanilla Cream, Black Cherry, Orange Cream, and more. These flavors are also available in six zero-sugar varieties. Flying Cauldron is a non-alcoholic butterscotch beer. Reedâs Craft Ginger Beer line includes varieties with a mix of bottles and cans, including Reedâs Original Ginger Beer, Reedâs Premium Ginger Beer, Reedâs Extra Ginger Beer, Reedâs Strongest Ginger Beer, and others.
REED'S, INC. 
