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Reed’s ( (REED) ) has shared an announcement.
Reed’s, Inc. has secured a $10 million revolving credit facility through a Senior Secured Loan Agreement with Whitebox Advisors and Cantor Fitzgerald Securities, offering financial flexibility with an 8% interest rate. The funds will address existing credit obligations and support business operations, while a significant stock exchange increases D&D’s ownership stake to 87.8%. This strategic financial maneuver aims to stabilize and enhance Reed’s market position.
For an in-depth examination of REED stock, go to TipRanks’ Stock Analysis page.
