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.
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