Reed's series B convertible preferred stock has mandatory tender

By Tali David

Minneapolis, Feb. 8 - Reed's, Inc.'s 45,052 shares of series B convertible preferred stock are subject to mandatory tender, according to a notice.

On Feb. 15, holders of preferred stock will be entitled to receive seven shares of Reed's common stock for each share of preferred stock converted.

Los Angeles-based Reed's develops a line of ice creams, candies and non-alcoholic beverages.

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