InvestmentAug 11, 2026, 04:43 PM
Jones Soda Closes $200K Private Placement of Units at $0.33
AI Summary
Jones Soda Co. announced the closing of a non-brokered private placement, raising aggregate gross proceeds of $200,000. The company issued 606,060 units at $0.33 each, with each unit comprising one common stock share and one-half share purchase warrant. The warrants are exercisable at $0.45 per share for 36 months, subject to an acceleration clause if the stock price exceeds $0.73. The funds are intended for growth support and general corporate purposes, with insiders participating in $100,000 of the offering.
Key Highlights
- Closed a non-brokered private placement for gross proceeds of $200,000.
- Issued 606,060 units at a price of $0.33 per unit.
- Each unit consists of one common stock share and one-half share purchase warrant.
- Warrants have an exercise price of $0.45 per share and a 36-month term.
- Warrant expiry can be accelerated if stock price exceeds $0.73 for five consecutive trading days.
- Net proceeds will be used to support growth and for general corporate purposes.
- Insiders participated in $100,000 of this private placement tranche.
Price Impact
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