US soft drinks producer Reed's has announced that its common stock has been approved for listing on the NASDAQ Capital Market.

"The approval of our stock for listing on NASDAQ represents a significant milestone in Reed's progress and development as a publicly traded company," said Christopher Reed, the company's founder and CEO. "We are tremendously proud of this accomplishment which represents the completion of several steps we have taken to financially position Reed's for future growth."

Reed said he believed the listing on NASDAQ would give the company the ability to attract a larger segment of the financial markets and provide improved liquidity.