secwatch / observer
8-K filed February 13, 2025, 6:59 PM ET ticker JSDA CIK 0001083522
other material confidence high sentiment positive materiality 0.80

JONES SODA CO. (JSDA): debt financing — Jones Soda appoints new CEO/CFO and secures $5M credit facility with 13.75% interest

JONES SODA CO.

item 1.01item 2.03item 5.02item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Scott Harvey

President and Chief Executive Officer
JSDA · JONES SODA CO.
Effective
2025-02-05
Filed
February 13, 2025, 6:59 PM ET
Effective as of February 5, 2025, the Company’s Board of Directors appointed Scott Harvey, age 63, as the Company’s President and Chief Executive Officer, replacing Paul Norman, who had served as Interim Chief Executive Officer since October 25, 2024.
Appointed

Brian Meadows

Chief Financial Officer
JSDA · JONES SODA CO.
Effective
2025-02-05
Filed
February 13, 2025, 6:59 PM ET
Effective as of February 5, 2025, the Company’s Board of Directors appointed Brian Meadows, age 60, as the Company’s Chief Financial Officer, replacing Paul Norman, who had served as Interim Chief Financial Officer since November 12, 2024.
Departed (interim)

Paul Norman

Interim Chief Executive Officer
JSDA · JONES SODA CO.
Effective
2025-02-05
Successor
Scott Harvey
Filed
February 13, 2025, 6:59 PM ET
replacing Paul Norman, who had served as Interim Chief Executive Officer since October 25, 2024.
Departed (interim)

Paul Norman

Interim Chief Financial Officer
JSDA · JONES SODA CO.
Effective
2025-02-05
Successor
Brian Meadows
Filed
February 13, 2025, 6:59 PM ET
replacing Paul Norman, who had served as Interim Chief Financial Officer since November 12, 2024.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

JONES SODA CO. incurred credit facility of up to $5,000,000 with Two Shores Capital Corp. at 13.75% per annum.

Instrument
credit facility
Principal
up to $5,000,000
Counterparty
Two Shores Capital Corp.
Rate
13.75% per annum
Event
incurrence
Exact text from the filing
On February 5, 2025, Jones Soda Co. (USA) Inc. (the “Subsidiary”), a wholly-owned subsidiary of Jones Soda Co. (the “Company”) entered into a loan agreement (the “Loan Agreement”) with Two Shores Capital Corp. (the “Lender”), pursuant to which the Subsidiary may borrow a maximum aggregate amount of up to $5,000,000, subject to satisfaction of certain conditions.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Scott Harvey was appointed as President and Chief Executive Officer at JONES SODA CO..

Action
appointed
Role
President and Chief Executive Officer
Exact text from the filing
Effective as of February 5, 2025, the Company’s Board of Directors appointed Scott Harvey, age 63, as the Company’s President and Chief Executive Officer, replacing Paul Norman, who had served as Interim Chief Executive Officer since October 25, 2024.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Brian Meadows was appointed as Chief Financial Officer at JONES SODA CO..

Action
appointed
Role
Chief Financial Officer
Exact text from the filing
Effective as of February 5, 2025, the Company’s Board of Directors appointed Brian Meadows, age 60, as the Company’s Chief Financial Officer, replacing Paul Norman, who had served as Interim Chief Financial Officer since November 12, 2024.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Norman departed as Interim Chief Executive Officer at JONES SODA CO..

Action
replaced
Role
Interim Chief Executive Officer
Exact text from the filing
replacing Paul Norman, who had served as Interim Chief Executive Officer since October 25, 2024.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Norman departed as Interim Chief Financial Officer at JONES SODA CO..

Action
replaced
Role
Interim Chief Financial Officer
Exact text from the filing
replacing Paul Norman, who had served as Interim Chief Financial Officer since November 12, 2024.
View on SEC.gov

7 debt financings filed in the last 30 days. Browse all debt financings →

JONES SODA CO. filing history →

Source: SEC EDGAR
accession 0001493152-25-006363
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