Filing Details

Accession Number:
0000899243-17-029658
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-12-28 13:46:34
Reporting Period:
2017-12-27
Accepted Time:
2017-12-28 13:46:34
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1140215 Reed's Inc. REED Bottled & Canned Soft Drinks & Carbonated Waters (2086) 352177773
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1705999 Raptor/Harbor Reeds Spv Llc 280 Congress Street, 12Th Floor
Boston MA 02210
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2017-12-27 2,666,667 $1.50 3,433,334 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Convertible Promissory Note Acquisiton 2017-12-27 1,133,334 $0.00 2,266,667 $1.50
Common Stock Warrant Acquisiton 2017-12-27 1,333,333 $0.00 1,333,333 $2.03
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
2,266,667 2017-12-27 2021-04-21 No 4 J Direct
1,333,333 2017-12-27 2020-12-27 No 4 P Direct
Footnotes
  1. In the Issuer's rights offering to its shareholders, the Reporting Person purchased 2,666,667 Units (with each Unit consisting of (i) 1 share of Common Stock and (ii) a Warrant to purchase 1/2 share of Common Stock) at a purchase price of $1.50 per unit. The purchase of the shares is reported on Table I and the purchase of the Warrant is reported on the second line of Table II.
  2. In connection with the Reporting Person's backstop commitment agreement to purchase Units in the Issuer's rights offering, the Reporting Person agreed to extend the Maturity Date of the previously-outstanding Convertible Promissory Note in the principal amount of $3,400,000 from April 21, 2019 to April 21, 2021, and the Issuer agreed to reduce the conversion price from $3.00 per share to $1.50 per share.