Zevia PBC

Zevia PBC ( Zevia PBC ) was incorporated as a Delaware public benefit corporation on March 23, 2021, and prior to the consummation of the reorganization and initial public offering ( IPO ), did not conduct any activities other than those incidental to our formation and the IPO. In connection with the completion of the IPO on July 26, 2021, Zevia PBC became a holding company, and its sole material asset is a controlling equity interest in Zevia LLC, a Delaware limited liability company ( Zevia LLC ). As the sole managing member of Zevia LLC, Zevia PBC operates and controls all of the business and affairs of Zevia LLC and, through Zevia LLC, conducts its business. Subsequent to July 26, 2021, Zevia PBC consolidates the results of Zevia LLC with a non-controlling interest reflected for the portion of Zevia LLC not owned by Zevia PBC. For more information about our holding company reorganization, see the section titled Organizational Structure The Reorganization in the prospectus dated July 21, 2021, and filed with the U.S. Securities and Exchange Commission ( SEC ) on July 23, 2021. References in this Annual Report to Zevia PBC refer to Zevia PBC and not to any of its subsidiaries unless the context indicates otherwise.