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REED - Reed slumps early hours; prices underwritten public offering
Reeds Inc.
Reed (REED) -26.2% PM, priced its underwritten public offering of 18.75M shares at $0.56/share; gross proceeds of ~$10.5M.Underwriters granted 45-day option to purchase an additional 2.81M shares.Offering expected to close on Nov.24, 2020.Previously: Reed under pressure on proposed public offering (Nov.20)