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- Delisting (new) — NYSE American issued formal non-compliance notice due to insufficient stockholders' equity after sustained losses, with delisting proceedings possible if remediation plan fails.
Reed's receives NYSE delisting warning over equity deficiency, must submit plan by June 28
Filed June 3, 2026 · Period ending May 29, 2026 · ~1 min read
Key Changes
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NYSE American notified Reed's on May 29 that it fails minimum stockholders' equity requirements ($4M-$6M depending on loss history). Stock remains listed but now trades with '.BC' (below compliance) designation.
Item 3.01 verify on EDGAR → -
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Company must submit compliance plan by June 28, 2026 and regain compliance by November 29, 2027. Failure to submit, plan rejection, or missed milestones will trigger formal delisting proceedings.
Item 3.01 verify on EDGAR → -
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Management committed to submitting plan but explicitly stated 'no assurance' it can achieve compliance within the required timeframe, signaling uncertainty about avoiding delisting.
Item 3.01 verify on EDGAR → -
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Deficiency stems from sustained losses: company reported losses from continuing operations in either three of four or all five most recent fiscal years, depleting stockholders' equity below exchange minimums.
Item 3.01 verify on EDGAR →
Summary
Reed's disclosed it received a deficiency notice from NYSE American for failing to maintain minimum stockholders' equity of $4-6 million after years of losses. The stock will continue trading under symbol REED but now carries a '.BC' suffix alerting investors to its below-compliance status.
The company has until June 28 to submit a remediation plan and until November 2027 to execute it—missing either deadline triggers delisting. For retail holders, this is a critical juncture. Delisting would force the stock to over-the-counter markets, drastically reducing liquidity and institutional ownership while increasing trading costs.
Management's candid admission of 'no assurance' about meeting compliance suggests the equity deficiency is substantial. The company will likely need to raise capital, restructure debt, or achieve profitability—all challenging for a business that's posted losses in most recent years. Watch for the June 28 plan submission and any accompanying capital raise announcements. If Reed's proposes a reverse stock split or dilutive financing, existing shareholders face meaningful dilution risk. The 18-month compliance window provides breathing room, but the clock is ticking on a company already struggling with profitability.
Section-by-Section Diff
Event · Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule
Reed's received NYSE American notice of non-compliance with minimum stockholders' equity listing standards; must submit compliance plan by June 28, 2026.
Added in current filing · verify on EDGAR →
On May 29, 2026, Reed’s, Inc. (the “Company”) received a notice (the “Notice”) from the NYSE American LLC (the “NYSE American”) stating that the Company is not in compliance with the NYSE American continued listing standards set forth in Section 1003(a) (ii) of the Company Guide requiring a company to have stockholders’ equity of at least $4.0 million if it has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years and Section 1003(a) (iii) of the Company Guide requiring a company to have stockholders’ equity at least $6.0 million if it has reported losses from continuing operations and/or net losses in its five most recent fiscal years.
Reed's received formal notice that it fails to meet NYSE American's minimum stockholders' equity requirements. The company must have at least $4.0 million in equity after losses in three of four recent years, or $6.0 million after losses in five consecutive years. Reed's does not currently qualify for any exemptions, including the $50 million market cap exemption.
Added in current filing · verify on EDGAR →
In connection with its non-compliance with Section 1003(a) (ii) and Section 1003(a) (iii), the Company must submit a plan (the “Plan”) to the NYSE American by June 28, 2026, advising of actions it has taken or will take to regain compliance with the continued listing standards by November 29, 2027.
Reed's has until June 28, 2026 to submit a compliance plan to NYSE American. If the plan is accepted, the company has until November 29, 2027 to regain compliance with listing standards. Failure to submit a plan, plan rejection, or failure to execute the plan will trigger delisting proceedings.
Added in current filing · verify on EDGAR →
The Notice has no immediate impact on the listing of the Company’s shares of common stock, which will continue to be listed and traded on the NYSE American during this period, subject to the Company’s compliance with the other listing requirements of the NYSE American. The common stock will continue to trade under the symbol “REED”, but will have an added designation of “.BC” to indicate that the status of the common stock is “below compliance”.
Reed's stock remains listed and trading on NYSE American under symbol REED, but will now carry a ".BC" designation indicating "below compliance" status. This designation alerts investors to the company's listing deficiency while shares continue to trade during the remediation period.
Added in current filing · verify on EDGAR →
If the Company does not submit a plan or if the Plan is not accepted, NYSE American will commence delisting proceedings. Furthermore, if the Plan is accepted but the Company is not in compliance with the continued listing standards by November 29, 2027, or if the Company does not make progress consistent with the Plan, the NYSE American will initiate delisting proceedings as appropriate.
NYSE American will initiate delisting proceedings if Reed's fails to submit a compliance plan, if the plan is rejected, if the company doesn't regain compliance by November 29, 2027, or if it fails to make progress consistent with an accepted plan. The company has appeal rights under Section 1010 and Part 12 of the Company Guide.
Added in current filing · verify on EDGAR →
The Company is committed to achieving compliance with the NYSE American’s continued listing standards. The Company intends to submit a Plan to the NYSE American on or before June 28, 2026 to regain compliance with the NYSE American continued listing standards by November 29, 2027; however, there can be no assurance that the Company will be able to achieve compliance with the NYSE American’s continued listing standards within the required timeframe.
Management states commitment to regaining compliance and intends to submit the required plan by the June 28, 2026 deadline. However, the company explicitly acknowledges uncertainty, stating there is no assurance it can achieve compliance within the November 29, 2027 timeframe.
Event · Item 8.01 — Other Events
Company issued press release regarding matters disclosed in Item 3.01, following NYSE American procedures.
Added in current filing · verify on EDGAR →
On June 3, 2026, in accordance with the NYSE American’s procedures, the Company issued a press release discussing the matters disclosed in Item 3.01 of this Current Report on Form 8-K.
The company issued a press release on June 3, 2026, following NYSE American procedures. The press release discusses matters disclosed in Item 3.01 of this 8-K, though Item 3.01 content is not provided in this excerpt. Item 3.01 typically covers bankruptcy or receivership events.
Event · Item 9.01 — Financial Statements and Exhibits
Reed's disclosed NYSE American listing deficiency and plan to regain compliance by November 29, 2027.
Added in current filing · verify on EDGAR →
the Company’s expectations surrounding the submission of a Plan and regaining compliance with the NYSE American’s continued listing standards, and actions of the Company and/or the NYSE American to be taken with respect to matters discussed in the Notice
Reed's disclosed it received a notice from NYSE American regarding non-compliance with continued listing standards. The company must submit a plan to regain compliance and has until November 29, 2027 to do so. The specific deficiency triggering the notice is not detailed in this 8-K body, but the company references submitting a compliance plan and taking corrective actions.
Added in current filing · verify on EDGAR →
the Company’s ability to regain compliance with the listing standards set forth in the Company Guide by November 29, 2027
The company has been given a deadline of November 29, 2027 to regain compliance with NYSE American listing standards. Failure to meet this deadline could result in delisting from the exchange, which would significantly impact liquidity and investor access to the stock.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 4, 2026 · How we verify