Jones Soda raises $3.65M through private placement of units at $0.40/unit

JONES SODA CO.

First tranche closed July 26: 7,535,000 units at $0.40, gross $3,013,960.
Second tranche closed July 31: 1,600,000 units at $0.40, gross $640,000.
Units consist of one common share and one-half warrant; warrant exercise $0.50 for 24 months with acceleration clause.
Total proceeds to date $3,653,960; net proceeds for growth and general corporate purposes.
Third tranche expected ~Aug 8, 2024; aggregate offering capped at $5M.

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