Close

Jones Soda (JSDA) Files Mixed Shelf

May 6, 2010 10:24 AM EDT
Jones Soda Co. (Nasdaq: JSDA) today announced it has filed a Form S-3 shelf registration statement with the Securities and Exchange Commission (“SEC”). After the shelf registration statement has been declared effective by the SEC, the Company will have the ability to offer and sell, from time to time, shares of common stock, warrants to purchase common stock or a combination thereof. The securities may be offered and sold in one or more offerings, subject to market conditions, at such prices and upon such terms as are set forth in a prospectus supplement filed with the SEC at the time of any such offering. No underwriter has been engaged for the purpose of any offering.

Bill Meissner, CEO of Jones Soda Co. commented, “We believe that filing a shelf registration statement will offer an efficient way to access capital markets and to maximize our financing flexibility. We intend to use the net proceeds from any offering of securities under the shelf registration for targeted funding for new marketing programs to secure and grow larger distributor and national retail accounts, working capital and other general corporate purposes.”





Related Categories

Equity Offerings

Related Entities

S3