Company: JSDA
Filing Date: 2025-07-03
Form Type: S-1
Source: 0001641172-25-017818
Chunk: 53

Company: JONES SODA CO.
Filing Date: 2025-07-03
Form: S-1
Chunk 53
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 Canadian dollars;                                              |
| ● | Tariffs                                                                                                                               
 affecting raw materials or finished goods transported between the United States and Canada;                                           |
| ● | Regional,                                                                                                                             
 national or global economic, political, social and other conditions that may adversely impact our business and results of operations; |
| ● | Our                                                                                                                                   
 ability to maintain effective disclosure controls and procedures and internal control over financial reporting;                       |
| ● | Dilutive                                                                                                                              
 and other adverse effects on our existing shareholders and our stock price arising from future securities issuances; and              |
| ● | Our                                                                                                                                   
 ability to access the capital markets for any future equity financing and any actual or perceived                                     
 limitations to our common stock including the level of trading activity, volatility or market liquidity.                              |

You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur. Moreover, except as required by law, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. We undertake no obligation to update publicly any forward-looking statements for any reason after the date of this prospectus to conform these statements to actual results or to changes in our expectations.

You should read this prospectus and the documents that we reference in this prospectus and have filed with the SEC as exhibits to the registration statement of which this prospectus is a part with the understanding that our actual future results, levels of activity, performance and events and circumstances may be materially different from what we expect.

| 32 |

<div align='center'>USE OF PROCEEDS</div>

We estimate that we will receive net proceeds from this offering of approximately $ million (or $ million if the underwriters exercise their over-allotment option in full), based upon an assumed $ per share offering price, which is the last reported sales price of our common stock on the OTCQB on , 2025 and after deducting estimated underwriting discounts and commissions and estimated offering expenses payable by us.

We currently expect to use the net proceeds from this offering for working capital and other general corporate purposes .The expected use of net proceeds from this offering represents our intentions based upon our present plans and business conditions, which could change in the future as or plans and business conditions evolve. We may find it necessary or advisable to use the net proceeds for other purposes, and