other material
confidence high
sentiment neutral
materiality 0.55
Jones Soda corrects 8-K: issued 5.26M units at $0.33 for $1.74M, not 7.5M units for $2.5M
JONES SODA CO.
- Corrected aggregate gross proceeds from $2.5M to $1.735M; units issued reduced from 7.5M to 5.257M.
- Warrant acceleration trigger corrected from $0.47 to $0.73 per share.
- Clarified offering was to accredited investors under Rule 506(b) in the U.S.
- Also announced intention to complete additional non-brokered private placement for up to $765,000.
- Corrected forms of Warrant and Registration Rights Agreement filed as exhibits.