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Zevia Agrees to Raise $20 Million Through Series A Senior Convertible Preferred Stock

A fund managed by GP Investments will receive shares convertible into Zevia’s Class A common stock.

A blank share certificate opens into two smaller paper cards / TokenPost.ai
A blank share certificate opens into two smaller paper cards / TokenPost.ai

Zevia PBC (NYSE: ZVIA) agreed to a $20 million investment from a fund managed by GP Investments, with the company issuing Series A Senior Convertible Preferred Stock as part of the deal.

The preferred shares can be converted into Zevia’s Class A common shares.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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