Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

THE ALKALINE WATER COMPANY INC.

(WTER)
  Report
Delayed Nasdaq  -  04:00 2022-12-02 pm EST
0.2048 USD   -2.01%
12/01Top Premarket Gainers
MT
11/25Thyssenkrupp Nucera's operating profit down on IPO prep costs
RE
11/23Alkaline Water Co Inc : Unregistered Sale of Equity Securities, Material Modification to Rights of Security Holders, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

The Alkaline Water Company's Announces Proposed Public Offering for an Expected Raise of Approximately $5 Million

05/04/2022 | 04:23pm EST

The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the "Company"), the country’s largest independent alkaline water company and the Clean Beverage® company, today announced that it intends to offer its securities in a public offering for an expected raise amount of approximately $5.0 million. The Company intends to use the net proceeds from this offering for general corporate purposes, including, but not limited to, repayment of indebtedness and increasing working capital expenditures. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Aegis Capital Corp. is acting as the sole book-running manager for the offering.

This offering is being made pursuant to an effective shelf registration statement on Form S-3 (No. 333-262683) previously filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective by the SEC on March 24, 2022. A preliminary prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Electronic copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Aegis Capital Corp., Attention: Syndicate Department, 810 7th Avenue, 18th floor, New York, NY 10019, by email at syndicate@aegiscap.com, or by telephone at (212) 813-1010. Before investing in this offering, interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About The Alkaline Water Company

The Alkaline Water Company is the Clean Beverage® company making a difference in the water you drink and the world we share.

Founded in 2012, The Alkaline Water Company (NASDAQ and CSE: WTER) is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88®, is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88® delivers perfect 8.8 pH alkaline drinking water with trace minerals and electrolytes and boasts our trademarked label "Clean Beverage." In 2021, The Alkaline Water Company was pleased to welcome Shaquille O’Neal to its board of advisors and to serve as the celebrity brand ambassador for Alkaline88®.

To purchase The Alkaline Water Company’s products online, visit us at www.alkaline88.com.

To learn more about The Alkaline Water Company, please visit www.thealkalinewaterco.com or connect with us on Facebook, Twitter, Instagram, or LinkedIn.

Forward-Looking Statements

This news release contains “forward-looking statements.” Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things, the following: statements regarding proposed public offering for an expected raise of approximately $5 million and the intended use of proceeds.

The material assumptions supporting these forward-looking statements include, among others, that the demand for the Company’s products will continue to significantly grow; that the past production capacity of the Company’s co-packing facilities can be maintained or increased; that there will be increased production capacity through implementation of new production facilities, new co-packers and new technology; that there will be an increase in number of products available for sale to retailers and consumers; that there will be an expansion in geographical areas by national retailers carrying the Company’s products; that there will be an expansion into new national and regional grocery retailers; that there will be an expansion into new e-commerce, home delivery, convenience, and healthy food channels; that there will not be interruptions on production of the Company’s products; that there will not be a recall of products due to unintended contamination or other adverse events relating to the Company’s products; and that the Company will be able to obtain additional capital to meet the Company’s growing demand and satisfy the capital expenditure requirements needed to increase production and support sales activity. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, governmental regulations being implemented regarding the production and sale of alkaline water or any other products, including products containing hemp/CBD; additional competitors selling alkaline water and enhanced water products in bulk containers reducing the Company’s sales; the fact that the Company does not own or operate any of its production facilities and that co-packers may not renew current agreements and/or not satisfy increased production quotas; the fact that the Company has a limited number of suppliers of its unique bulk bottles; the potential for supply-chain interruption due to factors beyond the Company’s control; the fact that there may be a recall of products due to unintended contamination; the inherent uncertainties associated with operating as an early stage company; changes in customer demand and the fact that consumers may not embrace enhanced water products as expected or at all; the extent to which the Company is successful in gaining new long-term relationships with new retailers and retaining existing relationships with retailers; the Company’s ability to raise the additional funding that it will need to continue to pursue its business, planned capital expansion and sales activity; and competition in the industry in which the Company operates and market conditions. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States and Canada. Although the Company believes that any beliefs, plans, expectations, and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate. Readers should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the reports and other documents the Company files with the SEC, available at www.sec.gov, and on the SEDAR, available at www.sedar.com.


ę Business Wire 2022
All news about THE ALKALINE WATER COMPANY INC.
12/01Top Premarket Gainers
MT
11/25Thyssenkrupp Nucera's operating profit down on IPO prep costs
RE
11/23Alkaline Water Co Inc : Unregistered Sale of Equity Securities, Material Modification to R..
AQ
11/23Alkaline88« Launches Sports Drink in Over 250 Harris Teeter Stores
BU
11/23Alkaline88« Launches Sports Drink in over 250 Harris Teeter Stores
CI
11/23The Alkaline Water Company Inc. announced that it has received $1.1 million in funding
CI
11/18The Alkaline Water Company Appoints David Rauch to its Board of Directors
BU
11/17Alkaline Water : Private Placement - Form 8-K
PU
11/17Alkaline Water Co Inc : Unregistered Sale of Equity Securities, Change in Directors or Pri..
AQ
11/17The Alkaline Water Company Inc. Appoints David Rauch as Director and as A Member of Aud..
CI
More news
Analyst Recommendations on THE ALKALINE WATER COMPANY INC.
More recommendations
Financials (USD)
Sales 2023 75,0 M - -
Net income 2023 -25,8 M - -
Net Debt 2023 - - -
P/E ratio 2023 -1,08x
Yield 2023 -
Capitalization 30,0 M 30,0 M -
Capi. / Sales 2023 0,40x
Capi. / Sales 2024 0,33x
Nbr of Employees 46
Free-Float 93,7%
Chart THE ALKALINE WATER COMPANY INC.
Duration : Period :
The Alkaline Water Company Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE ALKALINE WATER COMPANY INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 0,20 $
Average target price 1,50 $
Spread / Average Target 632%
EPS Revisions
Managers and Directors
Frank Lazaran President, Chief Executive Officer & Director
David A. Guarino CFO, Secretary, Treasurer & Director
Aaron Keay Chairman
Brian Sudano Independent Director
David Rauch Director
Sector and Competitors
1st jan.Capi. (M$)
THE ALKALINE WATER COMPANY INC.-82.64%30
THE COCA-COLA COMPANY7.74%278 282
PEPSICO, INC.7.02%258 844
NONGFU SPRING CO., LTD.-14.29%63 717
KEURIG DR PEPPER INC.5.10%54 932
MONSTER BEVERAGE CORPORATION8.33%54 322