Weed Drinks Maker Jones Soda Closes First Tranche Of Private Placement Offering, Here's Where The Money Would Go
Portfolio Pulse from Jelena Martinovic
Jones Soda Co. (OTCQB:JSDA) has closed the first tranche of its private placement offering, raising $3,013,960. The company plans to use the proceeds for growth and general corporate purposes. A second tranche is expected to close by July 31, 2024.
July 29, 2024 | 4:29 pm
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Jones Soda Co. has successfully raised $3,013,960 in the first tranche of its private placement offering. The funds will be used to support growth and general corporate purposes. A second tranche is expected to close by July 31, 2024.
The successful closing of the first tranche of the private placement offering provides Jones Soda with significant capital to support its growth initiatives and general corporate purposes. This is likely to have a positive short-term impact on the stock price as it indicates investor confidence and financial stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100