4//SEC Filing
Raptor/Harbor Reeds SPV LLC 4
Accession 0000899243-20-033872
CIK 0001140215other
Filed
Dec 14, 7:00 PM ET
Accepted
Dec 15, 12:04 PM ET
Size
16.6 KB
Accession
0000899243-20-033872
Insider Transaction Report
Form 4
REED'S, INC.REED
Raptor/Harbor Reeds SPV LLC
10% Owner
Transactions
- Purchase
Convertible Promissory Note
2020-12-11+750,000Exercise: $0.56From: 2020-12-11Exp: 2021-04-21→ Common Stock (1,339,286 underlying) - Purchase
Warrant
2020-12-11+1,000,000→ 1,000,000 totalExercise: $0.64From: 2020-12-11Exp: 2025-12-11→ Common Stock (1,000,000 underlying) - Conversion
Common Stock
2020-12-11$0.56/sh+1,339,286$750,000→ 3,808,600 total - Conversion
Convertible Promissory Note
2020-12-11−750,000→ 0 totalExercise: $0.56From: 2020-12-11Exp: 2021-04-21→ Common Stock (1,339,286 underlying) - Other
Convertible Promissory Note
2020-12-11−4,250,000Exercise: $1.50From: 2017-12-27Exp: 2021-04-21→ Common Stock (2,266,667 underlying) - Expiration (Short)
Convertible Promissory Note
2020-12-11−750,000→ 0 totalExercise: $1.50From: 2017-12-27Exp: 2021-04-21→ Common Stock (500,000 underlying)
Footnotes (3)
- [F1]$4,250,000 of principal and accrued interest on the Issuer's Convertible Promissory Note in the original principal amount of $3,400,000 was repaid in cash, leaving a remaining balance of $750,000 in accrued interest.
- [F2]Issuer's Convertible Promissory Note was amended to reduce the conversion price from $1.50 per share to $0.56 per share.
- [F3]Warrant was issued for no cash consideration in connection with the Reporting Person's agreement to forgive a portion of the unpaid balance of the Issuer's Convertible Promissory Note and to convert the remaining balance.
Documents
Issuer
REED'S, INC.
CIK 0001140215
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001705999
Filing Metadata
- Form type
- 4
- Filed
- Dec 14, 7:00 PM ET
- Accepted
- Dec 15, 12:04 PM ET
- Size
- 16.6 KB