Item 5. Market for Registrant’s Common Equity
Item
5. Market for Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities
We
voluntarily withdrew the principal listing of our common stock, par value $0.0001 per share from the NYSE American, LLC and transferred
the listing to The Nasdaq Stock Market, LLC. The listing and trading of our common stock on the NYSE American, LLC ended at market close
on May 9, 2019 and that trading began on the Nasdaq Capital Market at market open on May 10, 2019 under the stock symbol “REED”.
On
December 21, 2021, our shareholders approved an increase in the number of authorized shares of common stock from 120 million to 180 million.
As of March 25, 2022, there were approximately 170 holders of record of the common stock (including only non-objecting
beneficial owners of record) and 112,440,142 outstanding shares of common stock.
We
currently have no expectation to pay cash dividends to holders of our common stock in the foreseeable future.
Unregistered
Sales of Equity Securities
None
that have not been previously disclosed in a Current Report on Form 8-K.
Equity
Compensation Plans
Pursuant
to the SEC’s Regulation S-K Compliance and Disclosure Interpretation 106.01, the information required by this Item pursuant to
Item 201(d) of Regulation S-K relating to securities authorized for issuance under the Corporation’s equity compensation plans
is located in Item 12 of Part III of this Annual Report and is incorporated herein by reference.
Item
6. [Reserved]
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