Each unit sold consists of one common share and a half-warrant, allowing holders to purchase additional shares at $0.45 over the next three years. The agreement includes an acceleration clause, permitting Jones Soda to shorten the warrant expiry to 30 days if the company's stock price hits $0.47 for five consecutive trading days.
In section Releases
Jones Soda Raises $200,155 in Private Placement
Seattle-based craft soda maker Jones Soda Co. has secured $200,155 through the initial tranche of a non-brokered private placement. The company issued 606,530 units at $0.33 each, with internal leadership signaling confidence as company insiders contributed half of the total capital raised in this round.
Management intends to direct the net proceeds toward general corporate operations and growth initiatives. The offering remains subject to standard regulatory reviews, including approval from the Canadian Securities Exchange, and carries a mandatory four-month hold period for the newly issued securities.
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