−Removed: Market for Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities
+Added: Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
common stock was delisted from The Nasdaq Capital Market on February 16, 2023.
5 unchanged sentences
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 up to a 1:50 reverse stock split of our common stock.
−Removed: Effective January 27, 2023, we
+Added: On January 24, 2023, our shareholders approved a 1:50 reverse stock split of our common stock.
+Added: On January 27, 2023, we
effected the 1:50 reverse stock split of our common stock.
+Added: On December 30, 2024, our majority stockholder approved the reduction in the number of authorized shares of common stock from 180 million
+Added: to 60 million.
+Added: The amendment was filed with the Delaware Secretary of State on February 5, 2025.
of March 17, 2025 there were approximately 170 holders of record of our common This number does not include “street name”
or beneficial holders, whose shares are held of record by banks, brokers, financial institutions and other nominees.
−Removed: the twelve months ended December 31, 2023, we repurchased 274 shares of common stock from
−Removed: an officer for $1 based on the market value of share on the date repurchased.
−Removed: We retired the shares in the second quarter of 2023.
currently have no expectation to pay cash dividends to holders of our common stock in the foreseeable future.
Sales of Equity Securities
−Removed: In March 2023, John J.
−Removed: Bello funded $300,000 to Reed’s through the SAFE investment.
−Removed: The SAFE investment convert
−Removed: into the next equity financing of Reed’s on the same terms and conditions as investors in Reed’s next equity financing, subject
−Removed: to certain limitations and conditions.
−Removed: The SAFE has not been registered under the Securities Act of 1933, as amended (the “Securities
−Removed: Act”) and instead was offered pursuant to the exemption provided in Section 4(a)(2) under the Securities Act on the basis that there
−Removed: was no public offering.
−Removed: as set forth above, the information has previously been included on a Current Report on Form 8-K or Quarterly Report on Form10Q.
+Added: None that have not previously been included on a Current Report on Form 8-K or Quarterly Report on Form10-Q.
Compensation Plans
3 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.