Company: JSDA
Filing Date: 2025-07-03
Form Type: S-1
Source: 0001641172-25-017818
Chunk: 116

Company: JONES SODA CO.
Filing Date: 2025-07-03
Form: S-1
Chunk 116
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 dividend, extraordinary cash dividend or our recapitalization, reorganization, merger or consolidation.

Over-Allotment Option

We have granted the underwriters an over-allotment option. This option, which is exercisable for up to 45 days after the date of this prospectus, permits the underwriters to purchase up to shares of our common stock from us to cover over-allotments (equal to 15% of the total number of shares of our common stock sold in this offering), in each case at the public offering price that appears on the cover page of this prospectus, less the underwriting discounts and commissions.

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Indemnification

We have agreed to indemnify the underwriters against liabilities under the Securities Act. We have also agreed to contribute to payments the underwriters may be required to make in respect of such liabilities.

Right of First Refusal

Subject to the consummation of this offering, we have granted a right of first refusal to the Representative pursuant to which it has the right to act as sole investment banker, sole bookrunner, sole placement agent, or sole advisor, whichever is applicable and at the Representative’s sole discretion for each and every public and private equity and debt offering and business combination for which the Company requires the engagement of an investment banker (and excluding cases for private equity and debt offerings which are self-directed, provided that if such self-directed private placement without the use of an investment banker is with any of the parties first introduced by the Representative to the Company, then the tail described below shall apply) during the 15 month period following the consummation of this offering.

Tail

Subject to certain exceptions set forth in the engagement agreement dated October 14, 2024, between the Company and the Representative (the “Engagement Agreement”), if the Company terminates the Engagement Agreement and subsequently completes any public or private financing, at any time during the twelve months after terminating the Engagement Agreement with any investors contacted by the Representative, then the Representative will be entitled to receive the compensation set forth above unless the Company has a pre-existing and documented business relationship with the respective investor.

Lock-Up Agreements

Pursuant to “lock-up” agreements, our executive officers, directors and 5% or greater shareholders have agreed, without the prior written consent of the Representative, subject to certain exceptions, not to, directly or indirectly, offer to sell, sell, pledge or otherwise transfer or dispose of any of shares of (or enter into any transaction or device that is designed to, or