However, upon implementation of the reverse split, the Company’s common stock will begin trading under new CUSIP 758338305. Shareholders owning shares via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the reverse stock split, subject to such broker’s particular processes, and will not be required to take any action in connection with the reverse stock split. No fractional shares will be issued in connection with the reverse stock split. Any fractional shares created as a result of the reverse stock split will be rounded up to the nearest whole share for each stockholder. The reverse stock split impacts all holders of Reed’s common stock proportionally and will not impact any shareholders’ percentage ownership of common stock (except as to rounding up changes).
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