Jones Soda Co. Announces Extension of Private Placement

Jones Soda Co. ("Jones Soda" or the "Company"), is announcing an extension of its private placement (the "Offering") previously announced on April 30, 2026 of up to 7,500,000 units of the Company (each, a "Unit") at a price of US$0.33 per Unit, for aggregate gross proceeds of up to US$2.5 million. Closing is anticipated to occur during the week of July 6, 2026. Each Unit will be comprised of one common share in the authorized share structure of the Company (a "Share") plus one-half (1/2) of one Share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one Share (each, a "Warrant Share") at an exercise price of US$0.45 per Warrant Share for 36 months following the completion of the Offering. If at any time prior to the expiry of the Warrants and following the closing trading price of the underlying Common Shares on either the OTCQB Venture Marketplace (the "Exchange") or other stock exchange or over-the-counter market in the United States where the Common Shares are then trading, exceeds US$0.47 (provided that such price shall be adjusted in the same manner as the Exercise Price as provided for herein) for a period of five consecutive trading days, the Corporation may deliver a notice to the Warrantholder (an "Acceleration Event") accelerating the Expiry Time of the Warrants to the date that is 30 calendar days following the date of such notice (the "Accelerated Exercise Time"), and if an Acceleration Event occurs, any unexercised Warrants will automatically expire at the end of the Accelerated Exercise Time. Revere Securities LLC is acting as a finder and will be paid a cash fee equal to 8.0% of the gross proceeds from the Offering. Proceeds from the Offering will be used for general working capital purposes. The Units and the underlying securities issued pursuant to the Offering will be subject to a four-month plus one day hold perio...