Weed Drinks Maker Jones Soda Closes Second Tranche Of Private Placement Offering, One More To Go Ahead Of Q2 Earnings Report
Portfolio Pulse from Jelena Martinovic
Jones Soda Co. (OTCQB:JSDA) has closed the second tranche of its private placement offering, raising $640,000. The company plans to close a third tranche by August 8, 2024, and will discuss its Q2 2024 financial results on August 13, 2024. The funds will support growth and general corporate purposes. Shares traded 6.25% lower at 45 cents after market close.
August 01, 2024 | 4:40 pm
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Jones Soda Co. has closed the second tranche of its private placement offering, raising $640,000. The company plans to close a third tranche by August 8, 2024, and will discuss its Q2 2024 financial results on August 13, 2024. Shares traded 6.25% lower at 45 cents after market close.
The closing of the second tranche and the upcoming third tranche of the private placement are significant for Jones Soda's capital structure and growth plans. However, the immediate market reaction was negative, with shares trading 6.25% lower. The upcoming Q2 earnings call could provide further insights and potentially impact the stock price.
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