Jones Soda Secures $1.7 Million in Private Placement

The company tapped Revere Securities LLC to act as a finder for the transaction. In exchange for their services, Revere Securities received a cash fee totaling 8% of the gross proceeds, alongside warrants equal to 8% of the total units issued in the offering.

While the company has earmarked these funds for corporate expansion, the securities were not registered under the U.S. Securities Act of 1933. Consequently, the offering was restricted to jurisdictions where such transactions comply with local law. The underlying shares and warrants remain subject to standard regulatory requirements, and the company has stipulated that these securities cannot be sold in the United States without proper registration or an applicable exemption.