Company: JSDA
Filing Date: 2025-07-03
Form Type: S-1
Source: 0001641172-25-017818
Chunk: 13

Company: JONES SODA CO.
Filing Date: 2025-07-03
Form: S-1
Chunk 13
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officers and other representatives (collectively, the “Releasees”) from all demands, actions, suits, and damages which the
Releasing Parties had or may in the future have against the Releasees.

Related Party Loan Agreement

On May 7, 2025, the Company entered into a loan agreement with the Chairman of the Company’s Board of Directors in the amount of $450,000. The interest rate on this loan is 12% per annum. The principal, together with accrued interest and a loan fee of $22,000, is due in full by October 10, 2025. A $22,000 loan fee is also due upon repayment. We are using the proceeds from this loan for general working capital purposes.

Our Focus: Sales Growth

Our focus is sales growth through execution of the following key initiatives:

| ● | Expand                                                                                                                        
 the Jones Soda glass bottle business in existing and new sales channels;                                                      |
| ● | Expand                                                                                                                        
 our business in the modern soda category through our Pop Jones and Fiesta Jones brands;                                       |
| ● | Expand                                                                                                                        
 our fountain program in the United States and Canada;                                                                         |
| ● | Grow                                                                                                                          
 the Mary Jones brand of hemp-derived Delta-9 beverages, edibles, and other related products through our Mary Jones brand; and |
| ● | Grow                                                                                                                          
 the Spiked Jones brand of hard craft sodas “spiked” with alcohol.                                                             |

Our Corporate History

We are a Washington corporation formed in 2000 as a successor to Urban Juice and Soda Company Ltd., a Canadian company formed in 1986. Our principal place of business is located at 1522 Western Avenue, Suite 24150, Seattle, Washington 98101. Our telephone number is (206) 624-3357. Our website address is www.jonessoda.com. The information contained on our website is not incorporated by reference into this prospectus.

Implications of Being a Smaller Reporting Company

We are a “smaller reporting company,” meaning that the market value of our stock held by non-affiliates plus the proposed aggregate amount of gross proceeds to us as a result of this offering is less than $700 million and our annual revenue was less than $100 million during the most recently completed fiscal year. We may continue to be a smaller reporting company after this offering if either (i) the market value of our common stock held by non-affiliates is less than $250 million or (ii) our