JONES SODA CO. PROVIDES UPDATE ON PRIVATE PLACEMENT
SEATTLE, Aug. 16, 2024 /PRNewswire/ — Jones Soda Co. (“Jones Soda” or the “Company“) (CSE: JSDA, OTCQB: JSDA) wishes to provide an update on the private placement financing of units consisting of (i) one (1) common share in the capital of the Company and (ii) one‐half (1/2) of one detachable share purchase warrant for gross proceeds of up to US$5,000,000 initially announced in the Company’s news release dated August 1, 2024 (the “Offering“). The Company has currently completed two tranches of the Offering for aggregate proceeds of US$3,653,960. The Company intends to complete a third and final tranche of the Offering no later than August 21, 2024.