Market for Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: voluntarily withdrew the principal listing of our common stock, par value $0.0001 per share from the NYSE American, LLC and transferred
−Removed: the listing to The Nasdaq Stock Market, LLC.
−Removed: The listing and trading of our common stock on the NYSE American, LLC ended at market close
−Removed: 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”.
+Added: common stock was delisted from The Nasdaq Capital Market on February 16, 2023.
+Added: Concurrently, our common stock became quoted on the OTCQX
+Added: We continue to trade under the symbol “REED”.
December 21, 2021, our shareholders approved an increase in the number of authorized shares of common stock from 120 million to 180 million.
−Removed: As of March 25, 2022, there were approximately 170 holders of record of the common stock (including only non-objecting
−Removed: beneficial owners of record) and 112,440,142 outstanding shares of common stock.
−Removed: currently have no expectation to pay cash dividends to holders of our common stock in the foreseeable future.
+Added: On January 24, 2023, our shareholders approved a up to a 1:50 reverse stock split of our common stock.
+Added: Effective January 27, 2023, we
+Added: effected the 1:50 reverse stock split of our common stock.
+Added: As of March 31, 2023, there were approximately 165
+Added: holders of record of the common stock and 2,602,399 outstanding shares of common stock.
+Added: The holders of record do not include those stockholders
+Added: whose shares are held of record by banks, brokers and other financial institutions.
+Added: the year ended December 31, 2022, we repurchased 265 shares of common stock from an officer for $2 based on the market value of share
+Added: on the date repurchased.
+Added: We retired the shares.
+Added: have no expectation to pay cash dividends to holders of our common stock in the foreseeable future.
Sales of Equity Securities
5 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.