- Jones Soda (OTCQB:JSDA) on Wednesday announced a private placement of up to 7.5 million units at $0.40 per unit, for total gross proceeds of $3 million.
- Each unit will consist of one common share in the capital of the company and one-half of one detachable share purchase warrant.
- Each whole warrant will be exercisable into one common share for $0.50 per share for 24 months from the date of issuance.
- Each whole warrant may be exercised anytime during the warrant exercise period upon the voluntary election to exercise by the holder.
- The company intends to use the net proceeds of the offering to support growth and for general corporate purposes.
- The closing of the offering is expected to occur on or about July 18, 2024.
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