Reed's Receives Nasdaq Delisting Notice for Bid Price Deficiency

Reed's Inc. (REED) disclosed in an 8-K filed June 3, 2026 that it received a notice from the Nasdaq Stock Market stating the company is not in compliance with the minimum bid price listing rule.

The notice, dated June 2, 2026, cites failure to maintain a minimum bid price of $1.00 per share for 30 consecutive business days as required by Nasdaq Listing Rule 5550(a)(2), per Item 3.01 of the filing. Reed's common stock has traded below that threshold since early 2026.

The company now has 180 calendar days, until Nov. 30, 2026, to regain compliance. Regaining compliance requires the bid price to close at or above $1.00 for at least 10 consecutive business days. If Reed's does not meet that standard by the deadline, Nasdaq staff will issue a delisting determination letter and the shares will be scheduled for removal from The Nasdaq Capital Market, subject to the company's right to appeal.

Item 8.01 of the filing states that Reed's is evaluating options to regain compliance, which may include a reverse stock split. Any such corporate action would require board and potentially shareholder approval and would trigger additional SEC filings. The company must also update investors if it receives further correspondence from Nasdaq or makes a definitive decision on remedial measures.

Operationally, the delisting notice does not immediately affect Reed's day-to-day business or its reporting obligations to the SEC. However, loss of Nasdaq listing would remove the stock from the automated quotation system, reduce liquidity, limit certain institutional investors' ability to hold the shares, and require the company to seek quotation on OTC markets if no appeal succeeds.

This marks the latest exchange-rule deficiency for the small-cap beverage company, which has previously relied on equity financings and periodic Nasdaq compliance extensions to maintain its listing. The June 3 filing includes the full Nasdaq notice as Exhibit 99.1.

Primary sources: SEC Form 8-K filed June 3, 2026 (Items 3.01, 8.01 and 9.01).