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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): December 27, 2017

Jones Soda Co.

(Exact Name of Registrant as Specified in Its Charter)

Washington

(State or Other Jurisdiction of Incorporation)

 



(206) 624-3357

(Registrant's Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 8.01 Other Events.

Annual Renewal of Loan and Security Agreement

On December 27, 2017, Jones Soda Co. (the “Company”) received notification from CapitalSource Business Finance Group, a dba of BFI Business Finance (the “Lender”), that the Lender had approved the annual renewal of the Company’s existing revolving secured credit facility (as amended, the “Loan Facility”) with the Lender (the “Renewal”).    The Renewal extends the expiration of the Loan Facility from December 27, 2017 to December 27, 2018. No modifications were made to the Loan Facility. Pursuant to the terms of the Loan Facility, a 0.75% annual fee, equivalent to $23,812.50, was charged to the Company on December 27, 2017 in connection with the Renewal.



 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 



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