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The company agreed to issue convertible preferred stock to a fund managed by GP Investments in exchange for $20m in "growth equity".

LOS ANGELES, October 22, 2026--Zevia PBC ("Zevia" or the "Company") (NYSE:ZVIA), the Company that provides naturally delicious, zero sugar better-for-you beverages, today announced that it has entered into a definitive agreement with a fund managed by GP Investments Ltd. (collectively, "GP Investments") to issue convertible preferred stock in exchange for $20 million of growth equity to fund key strategic priorities to drive meaningful long-term value creation for shareholders.

The Company now expects third quarter 2026 net sales to be approximately $48 million, above its previous guidance range of $44 million to $46 million. Adjusted EBITDA is expected to be between negative $900 thousand and
