Jones Soda sells promissory note for $1.4M cash, issues 550k warrants at $0.40

JONES SODA CO.

Assigned promissory note (original $2.51M) to Two Shores Capital for $1.4M cash.
Remaining note balance as of Dec 31, 2025 was $2.0M, due in installments by June 2028.
Issued warrants to purchase 550,000 shares at $0.40/share, exercisable for three years.
Proceeds from sale and warrant issuance used for general working capital.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

JONES SODA CO. entered into Assignment and Assumption of Debt Agreement with Two Shores Capital Corp. and MJ Reg Disrupters, LLC valued at $1,400,000 (effective 2026-01-16).

Action: entry
Counterparty: Two Shores Capital Corp. and MJ Reg Disrupters, LLC
Value: $1,400,000
Effective: 2026-01-16

Exact text from the filing

On January 16, 2026, the Company entered into an Assignment and Assumption of Debt Agreement (the “Agreement”) with Two Shores Capital Corp. (“Assignee”), and Debtor pursuant to which the Company agreed to assign the Note to Assignee for a cash payment of $1,400,000.

View on SEC.gov

317 material agreements filed in the last 30 days. Browse all material agreements →

JONES SODA CO. filing history →

Source: SEC EDGAR

accession 0001493152-26-003378

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.