secwatch.observer — SEC 8-K summary
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Issuer:     JONES SODA CO. (JSDA)
CIK:        0001083522
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001641172-25-009663
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jones Soda issues $450K promissory note to chairman Paul Norman at 12% interest
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- Unsecured $450,000 note from Chairman Paul Norman, interest 12% per annum, maturity October 10, 2025.
- Plus a $22,000 origination fee payable at maturity; note amends and restates an earlier April 10, 2025 note.
- Loan is from an insider; proceeds are not specified.
- Interest accrues monthly and is payable on the maturity date; prepayment without penalty allowed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083522/000164117225009663/0001641172-25-009663-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083522/000164117225009663/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-009663

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