 NORWALK, Conn., Nov. 20, 2020 GLOBE NEWSWIRE -- Reeds Inc. Nasdaq: REED, owner of the nations leading portfolio of handcrafted, all-natural beverages, today announced the pricing of an underwritten public offering of 18,750,000 shares of its common stock at a price of 0.56 per share for gross proceeds of approximately 10.5 million. Reeds has also granted to the underwriter a 45-day option to purchase an additional 2,812,500 shares of common stock to cover overallotments in connection with the offering. The offering is expected to close on November 24, 2020, subject to customary closing conditions. 