Jones Soda Co. announced a brokered private placement that will issue up to 7.5 million units at $0.33 each, comprising one common share and a half warrant. The offering is expected to raise up to $2.5 million in gross proceeds, with a closing date of about May 7, 2026. Revere Securities LLC is the placement agent.
The unit structure gives investors a share of the company and a half warrant that can be exercised at $0.45 per share for 36 months, providing upside potential if the company’s share price rises.
The capital raise comes as Jones Soda reports a strong turnaround. Full‑year 2025 revenue grew 41.9% to $25.3 million, and Q4 2025 revenue surged 450% to $11.7 million. Adjusted EBITDA turned positive at $0.5 million in Q4, a sharp improvement from prior periods, and net loss narrowed.
Management projects 2026 revenue to exceed $40 million, up more than 60% from 2025, and expects Q1 2026 revenue to surpass $12 million, a 260% year‑over‑year jump. The company attributes the growth to expanding distribution in Walmart and Costco, licensing deals such as Fallout, and new direct‑to‑consumer channels.
The private placement is intended to support the company’s working‑capital needs as it scales operations and pursues additional growth initiatives. The infusion of cash will help fund inventory, marketing, and potential new product launches while maintaining liquidity for ongoing expansion.
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