American soft drink manufacturer Reed's (REED.US) applies for transfer to listing on the New York Stock Exchange, raising $10 million.

Beverage manufacturer Reed's (REED.US), known for its ginger juice drinks, submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) on Wednesday, aiming to raise up to $10 million. Currently, the company is listed on the OTC market under the stock code REED. According to the filing, Reed's plans to issue 1.3 million shares at $7.54 per share (the latest trading price on the OTC market) to raise $10 million. Based on this issuance price, the company's market value will reach $77 million. As a branded beverage company, Reed's owns the Reed's and Virgil's brands, with a product line covering 50 natural, high-end, and functional beverages. Through a network of 7 contract packers and 5 distribution centers, its products have been placed in over 32,000 retail outlets across the United States, as well as in Canada, the UK, South Africa, the Caribbean, the EU, and the Asia-Pacific markets, establishing approximately 9,000 distribution points. In the $45 billion U.S. carbonated soft drink market, the company competes with full sugar and zero sugar organic ginger sodas, ready-to-drink alcoholic ginger beverages with 7% alcohol content, high proof ginger sodas with 5% alcohol content, and a range of functional soda waters using organic ingredients. This company, founded in 1991 and headquartered in Norwalk, Connecticut, generated revenue of $36 million in the twelve months ending September 30, 2025. The company plans to continue using the stock code "REED" and list on the New York Stock Exchange American segment, with A.G.P. serving as the exclusive book manager for this offering.