Jones Soda Co. Issues Pro Forma Financial Statements Reflecting $3 Million Sale of MJ Subsidiaries in M&A Transaction
Jones Soda Co. recently issued unaudited pro forma condensed combined financial statements related to a significant merger and acquisition transaction. On June 19, 2025, the company finalized a stock purchase agreement with Mary Jones Holdings, Inc. and Mary Jones Beverage (Canada) Inc., both wholly-owned subsidiaries, selling them to MJ Reg Disruptors, LLC for $3 million. The financial statements, prepared in accordance with Article 11 of Regulation S-X, illustrate the impact of this transaction and are based on historical financial data. The adjustments reflect the Sale Transaction as if it occurred on March 31, 2025, and are intended for informational purposes only, excluding Management's Adjustments. These statements provide insight into the company's financial condition following the transaction, although they do not necessarily represent the exact financial outcomes that may result.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Soda Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-017039), on June 30, 2025, and is solely responsible for the information contained therein.
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