Jones Soda upsizes private placement to $5M; offering 12.5M units at $0.40

JONES SODA CO.

Offering increased from $4M to $5M; units composed of 1 common share + 1/2 warrant.
Warrants exercisable at $0.50 per share for 24 months; acceleration trigger at $0.80.
Expected close on or about July 23, 2024; proceeds for growth and general corporate purposes.
Offered under Rule 506(b) and Regulation S; includes listed issuer financing exemption in Canada.
No minimum amount; capped at 12.5M units; subject to CSE approval.

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