Jones Soda Raises Private Placement to $4 Million

Jones Soda (JSDA) has released an update.

Jones Soda Co. has upsized its private placement to $4 million, an increase from the previously announced $3 million, to accommodate strong investor demand. The offering includes 10 million units at $0.40 each, consisting of one common share and a half warrant, exercisable at $0.50 for 24 months. The raised funds will support the company’s growth and general corporate needs.

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