Reed's amends Whitebox loan; $2.5 million equity deadline set for November 20, 2026
Reed's, Inc. entered into a third amendment to its senior secured loan with Whitebox-affiliated lenders and Cantor Fitzgerald, adding new liquidity and equity-contribution conditions. The company must receive at least $2,500,000 in cash equity contributions by November 20, 2026, or an Event of Default will occur, and it must also pay a $25,000 extension fee by that date. The company said a delay in its previously announced private placement pushed the expected closing to on or before November 20, 2026, and it has so far received $7,500,000 in gross proceeds from that placement.
Key points
- Minimum liquidity covenant of not less than $11,000,000 in Cash / Inventory / AR Liquidity, tested at any time and monthly after the Increased Liquidity Period
- New Event of Default if at least $2,500,000 in cash equity contributions is not received by November 20, 2026
- Non-refundable $25,000 extension fee due on or before November 20, 2026; nonpayment is an Event of Default
- Private placement agreement dated October 28, 2026; $7,500,000 gross proceeds received to date
The filing
Written by AI on Nov 9, 2026, 7:05 AM ET, from this filing only.
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