−Removed: Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
−Removed: common stock was delisted from The Nasdaq Capital Market on February 16, 2023.
−Removed: Concurrently, our common stock became quoted on the OTCQX
+Added: Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
+Added: Our Common Stock was approved for listing
+Added: and began trading on the NYSE American on December 5, 2025.
Our symbol remains “REED”.
−Removed: The OTCQX Best Market is an over-the-counter market.
−Removed: Over-the-counter market quotations
−Removed: reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions.
−Removed: December 21, 2021, our shareholders approved an increase in the number of authorized shares of common stock from 120 million to 180 million.
−Removed: On January 24, 2023, our shareholders approved a 1:50 reverse stock split of our common stock.
−Removed: On January 27, 2023, we
−Removed: effected the 1:50 reverse stock split of our common stock.
−Removed: On December 30, 2024, our majority stockholder approved the reduction in the number of authorized shares of common stock from 180 million
−Removed: to 60 million.
−Removed: The amendment was filed with the Delaware Secretary of State on February 5, 2025.
−Removed: of March 17, 2025 there were approximately 170 holders of record of our common This number does not include “street name”
−Removed: or beneficial holders, whose shares are held of record by banks, brokers, financial institutions and other nominees.
+Added: Upon effectiveness of the listing
+Added: on the NYSE American, trading of the Common Stock on the OTC Markets’ OTCQX Best Market terminated.
+Added: of March 20, 2026 there were approximately 130 holders of record of our common stock.
+Added: This number does not include “street
+Added: name” or beneficial holders, whose shares are held of record by banks, brokers, financial institutions and other
currently have no expectation to pay cash dividends to holders of our common stock in the foreseeable future.
Sales of Equity Securities
−Removed: None that have not previously been included on a Current Report on Form 8-K or Quarterly Report on Form10-Q.
+Added: that have not previously been included on a Current Report on Form 8-K or Quarterly Report on Form10-Q.
Compensation Plans
to the SEC’s Regulation S-K Compliance and Disclosure Interpretation 106.01, the information required by this Item pursuant to
−Removed: Item 201(d) of Regulation S-K relating to securities authorized for issuance under the Corporation’s equity compensation plans
+Added: Item 201(d) of Regulation S-K relating to securities authorized for issuance under the Company’s equity compensation plans
is located in Item 12 of Part III of this Annual Report and is incorporated herein by reference.
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.