Company: JSDA
Filing Date: 2025-07-03
Form Type: S-1
Source: 0001641172-25-017818
Chunk: 106

Company: JONES SODA CO.
Filing Date: 2025-07-03
Form: S-1
Chunk 106
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 provisions may make it more difficult for a third party to acquire, or may discourage a third party from acquiring, control of our Board of Directors.

Washington Anti-Takeover Statute. Washington law imposes restrictions on certain transactions between a corporation and certain significant shareholders. Chapter 23B.19 of the RCW generally prohibits a “target corporation” from engaging in certain significant business transactions with an “acquiring person,” which is defined as a person or group of persons that beneficially owns 10% or more of the voting securities of the target corporation, for a period of five years after the date the acquiring person first became a 10% beneficial owner of the voting securities of the target corporation, unless the business transaction or the acquisition of shares is approved by a majority of the members of the target corporation’s board of directors prior to the time the acquiring person first became a 10% beneficial owner of the target corporation’s voting securities. Such prohibited transactions include, among other things:

| ● | a                                                                                              
 merger or consolidation with disposition of assets to, or issuance or redemption of stock      
 to or from, the acquiring person;                                                              |
| ● | termination                                                                                    
 of 5% or more of the employees of the target corporation as a result of the acquiring person’s 
 acquisition of 10% or more of the shares; or                                                   |
| ● | receipt                                                                                        
 by the acquiring person of any disproportionate benefit as a shareholder.                      |

After the five-year period, a “significant business transaction” may occur if it complies with “fair price” provisions specified in the statute. A corporation may not “opt out” of this statute. We expect the existence of this provision to have an antitakeover effect with respect to transactions that our Board of Directors does not approve in advance and may discourage takeover attempts that might result in the payment of a premium over the market price for common stock held by shareholders or otherwise might benefit shareholders.

Transfer Agent and Registrar

The transfer agent and registrar for our common stock is Odyssey Trust Company. The transfer agent’s and registrar’s address is 350 – 409 Granville Street, Vancouver, British Columbia, Canada V6C 1T2.

Trading Symbols and Markets

Our common stock is quoted on the OTCQB under the symbol “JSDA”, and on the CSE under the symbol “JSDA”. We intend to apply to list our common stock on The Nasdaq Capital Market under the symbol “JBEV”.

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