en.Wedoany.com Reported - Jones Soda Co. announced that its previously disclosed private placement of company units has been completed, raising total gross proceeds of $1,735,000. Each unit in the offering consists of one share of the company's common stock and one-half of a detachable warrant.

The company plans to use the net cash proceeds from the offering to support business growth and for general corporate purposes.

In connection with the offering, the company paid a cash fee equal to 8.0% of the total gross proceeds to Revere Securities LLC, which acted as a placement agent, and granted warrants representing 8.0% of the total number of units offered.

The units, common stock, and warrants offered in this issuance have not been registered under the Securities Act of 1933, as amended, but the common stock issued and the common stock underlying the warrants include registration rights. The securities may not be offered or sold within the United States unless registered under the Securities Act and all applicable state securities laws or an exemption from such registration is available. This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall it apply in any jurisdiction where such offer, solicitation, or sale is unlawful.

Jones Soda Co., headquartered in Seattle, Washington, distributes premium craft soda under the Jones Soda brand across North America through traditional beverage outlets, restaurants, and other channels, offering products in glass bottles, cans, and bulk formats.