ROTH Capital Partners Acts as Sole Book-Running Manager
for Reed's Inc. (Nasdaq: REED)
in its $12.1 Million Follow-On

   

For more information please contact:
 
Investment Banking
Paul Zaffaroni
Managing Director &
Co-Head of Consumer
Investment Banking
(949) 720-7174
pzaffaroni@roth.com
 
Jonathan Alyn
Director
(949) 720-7156
jalyn@roth.com
 
Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets
(949) 720-5703
agurewitz@roth.com
 
Nazan Akdeniz
Senior Vice President
(949) 720-5740
nakdeniz@roth.com
 
Lou Ellis
Senior Vice President
(949) 720-5739
lellis@roth.com

Transaction Information
Reed's Inc. (Nasdaq: REED), owner of the nation's leading portfolio of handcrafted, all-natural beverages, has closed an underwritten public offering of 21,562,500 shares of common stock, which includes 2,812,500 additional shares pursuant to the full exercise of the over-allotment option granted to the underwriters. The shares were sold at the public offering price of $0.56 per share, resulting in the gross proceeds to Reed's of approximately $12.1 million. Reed's intends to use the proceeds from the offering for debt repayment and working capital.

Roth Capital Partners acted as sole book-running manager for the offering.
 
About Reed's Inc.
Established in 1989, Reed's(R) is America's number 1 name in Ginger and America's best-selling Ginger Beer brand and innovator for decades. Virgil's(TM) is America's best-selling independent, full line of natural craft sodas. The Reed's(R) portfolio is sold in over 40,000 retail doors nationwide. Reed's core product line of Original, Extra and Strongest Craft Ginger Beers, along with the Certified Ketogenic Zero Sugar Extra Ginger Beer are unique due to the proprietary process of using fresh ginger root combined with a Jamaican inspired recipe of natural spices and fruit juices. The company uses this same handcrafted approach in its award-winning Virgil's(TM) line of great tasting, bold flavored craft sodas and Certified Ketogenic Zero Sugar Varieties. For more information, please visit and www.drinkreeds.com. (Source: Company Press Release | 11.09.20)

About Roth Capital Partners
Roth Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, Roth provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, Roth is privately-held and employee owned, and maintains offices throughout the U.S. For more information on Roth, please visit www.roth.com.

Date of Announcement: 12.04.20

The material, information and  facts discussed in this announcement other than the information regarding Roth Capital Partners, LLC ("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of Roth. Copyright 2020.