Recent Updates — ZVIA

Zevia entered into a Securities Purchase Agreement with Bubble Holdings, an affiliate of GP Investments, to issue up to $20 million of Series A Senior Convertible Preferred Stock. The company closed the initial tranche on October 22, 2026, receiving $15 million, with a remaining $5 million deferred until after the filing of its 2026 Annual Report, subject to net sales exceeding $172.5 million and Adjusted EBITDA no lower than negative $3.0 million. The preferred shares carry a 6% cumulative dividend rate and convert into Class A common stock at an initial price of $1.448 per share. GP Investments receives the right to designate one board member for so long as it holds at least 10,000 preferred shares or 8% of outstanding common stock on an as-converted basis. Zevia operates in the beverage industry, producing and distributing naturally sweetened, zero-sugar better-for-you drinks.

Amy E. Taylor resigned as President and Chief Executive Officer of Zevia PBC, effective June 15, 2026. She will transition to a consultant role for approximately two months while remaining a Class I director. Alexandre I. Ruberti, a current director, was appointed President and Chief Executive Officer effective June 15, 2026. Mr. Ruberti's compensation package includes an annual base salary of $638,000, a $50,000 relocation allowance, and an initial long-term incentive award comprising $1,440,000 in restricted stock units and $360,000 in target performance stock units. Zevia PBC is a consumer goods company that produces zero-calorie beverages.