Jones Soda Co. to Raise $3.2 Million in Registered Direct Offering
Jones Soda announced plans today to raise $3.2 million in a registered direct offering of common stock and warrants. Combined with a recently secured $2 million credit facility, the proceeds from the sale will allow Jones to “significantly enhance its financial position and will further enable the company to work towards sustainable profitability,” according to Jones Soda CEO Bill Meissner.