Electric City has announced that they will be borrowing $5 million via a four year convertible term loan. The company has also stated that they may be borrowing another $15 million under “substantially similar terms.”
According to Yahoo Finance, their ticker has changed from JSDA.OB to JSDA - as seen here.
Bravo Foods has just announced that they have entered into an agreement for just over $20 million of private equity financing.
Jones Soda just announced that Jennifer Cue, their CFO, COO, and a member of the board - just submitted her written resignation on November 14.
It is a lot of posts to vacate at once, and it is unclear if her departure was due to misconduct or just a planned career change.
Jones Soda announced that the company’s shares will be traded on the Nasdaq SmallCap Market commencing November 28, 2005.
Their ticker will remain “JSDA”.
