Jones Soda Extends $2.5 Million Private Placement to July
Vancouver-based Jones Soda Co. has pushed back the closing date for its $2.5 million private placement, now aiming to finalize the deal during the week of July 6, 2026. The offering, originally announced in late April, seeks to raise capital through the sale of 7.5 million units at $0.33 each.
Each unit consists of one common share and one-half of a share purchase warrant. Investors can exercise these warrants at $0.45 per share over a 36-month period. The company retains the right to accelerate the expiration of these warrants if the trading price of its common shares exceeds $0.47 for five consecutive sessions, forcing holders to exercise their options within 30 days or forfeit them.
Revere Securities LLC is facilitating the transaction and will receive an 8% cash fee on the gross proceeds. Jones Soda intends to allocate the capital toward general working capital needs. The issuance remains subject to standard regulatory reviews, including approval from the Canadian Securities Exchange, and the resulting securities will be locked under a four-month hold period.
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