REED News & Events

Reed's announced that it received a deficiency notice from NYSE American on May 29 regarding non-compliance with continued listing standards. The notification relates to stockholders' equity requirements, with the company reporting stockholders' equity of $2.7M as of March 31, alongside net losses in its five most recent fiscal years. Reed's has until June 28 to submit a compliance plan outlining actions to regain compliance by November 29, 2027, during which time its common stock will continue to trade.

Reed's announced the appointment of Damian Warshall as Chief Operating Officer, effective April 27, 2026. Most recently, Warshall served as Chief Operating Officer at Pittston Co-Packers, where he led the revitalization of a large-scale beverage manufacturing facility and secured a multi-million-dollar revenue pipeline. "Damian's operational leadership and proven ability to build efficient, scalable manufacturing and supply chain systems position him well to enhance execution across our business operations," said Neal Cohane, Interim Chief Executive Officer of Reed's. "He brings a strong track record of driving operational discipline, improving cost structures and supporting profitable growth, which we believe will be critical as we continue to optimize our business. We believe his experience will be instrumental in strengthening our operational foundation, improving margins and creating long-term value for our shareholders."