Announcement • Jun 05
Reed’s Receives NYSE Deficiency Notification Regarding Stockholders’ Equity On May 29, 2026, Reed's, Inc. (the Company) received a notice (the Notice) from the NYSE American LLC (the NYSE American) stating that the Company is not in compliance with the NYSE American continued listing standards set forth in Section 1003(a)(ii) of the Company Guide requiring a company to have stockholders' equity of at least USD 4.0 million if it has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years and Section 1003(a)(iii) of the Company Guide requiring a company to have stockholders' equity at least USD 6.0 million if it has reported losses from continuing operations and/or net losses in its five most recent fiscal years. The Notice also indicates that the Company is not currently eligible for any exemption in Section 1003(a) of the Company Guide (including the exemption provided for companies with total value of market capitalization exceeding USD 50 million, among other requirements). In connection with its non-compliance with Section 1003(a)(ii) and Section 1003(a)(iii), the Company must submit a plan (the Plan) to the NYSE American by June 28, 2026, advising of actions it has taken or will take to regain compliance with the continued listing standards by November 29, 2027. If the NYSE American determines to accept the Plan, the Company will be notified in writing and will be subject to periodic reviews, including quarterly monitoring for compliance with the Plan. If the Company does not submit a plan or if the Plan is not accepted, NYSE American will commence delisting proceedings. Furthermore, if the Plan is accepted but the Company is not in compliance with the continued listing standards by November 29, 2027, or if the Company does not make progress consistent with the Plan, the NYSE American will initiate delisting proceedings as appropriate. The Company may appeal a staff delisting determination in accordance with Section 1010 and Part 12 of the Company Guide. The Notice has no immediate impact on the listing of the Company's shares of common stock, which will continue to be listed and traded on the NYSE American during this period, subject to the Company's compliance with the other listing requirements of the NYSE American. The common stock will continue to trade under the symbol REED, but will have an added designation of .BC to indicate that the status of the common stock is below compliance. The Notice does not affect the Company's ongoing business operations or its reporting requirements with the U.S. Securities and Exchange Commission. The Company is committed to achieving compliance with the NYSE American's continued listing standards. The Company intends to submit a Plan to the NYSE American on or before June 28, 2026 to regain compliance with the NYSE American continued listing standards by November 29, 2027; however, there can be no assurance that the Company will be able to achieve compliance with the NYSE American's continued listing standards within the required timeframe. Reported Earnings • May 14
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: US$0.55 loss per share (further deteriorated from US$0.27 loss in 1Q 2025). Revenue: US$7.14m (down 29% from 1Q 2025). Net loss: US$6.46m (loss widened 218% from 1Q 2025). Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 83%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Beverage industry in the US. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Announcement • May 02
Reed's, Inc., Annual General Meeting, Jun 10, 2026 Reed's, Inc., Annual General Meeting, Jun 10, 2026.