By Sheri Kasprzak
New York, June 2 - Jones Soda Co. is gearing up to conclude a $30 million private placement.
A group of institutional investors agreed to buy 3,157,895 shares at $9.50 each on June 16.
Piper Jaffray & Co. is the placement agent.
The proceeds from the deal will be used for working capital and general corporate purposes.
Seattle-based Jones Soda manufactures and bottles soda.
| Issuer: | Jones Soda Co.
|
| Issue: | Stock
|
| Amount: | $30 million
|
| Shares: | 3,157,895
|
| Price: | $9.50
|
| Warrants: | No
|
| Placement agent: | Piper Jaffray & Co.
|
| Announcement date: | June 2
|
| Settlement date: | June 16
|
| Stock symbol: | Nasdaq: JSDA
|
| Stock price: | $10.09 at close June 2
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
