The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), the country’s largest independent alkaline water company, has announced plans for a public offering that should result in an estimated $5 million gross proceeds for the company. WTER anticipates using the funds raised from the offering for general corporate purposes, including repayment of indebtedness, increasing working capital expenditures and other uses. The company noted that the offering is subject to market conditions with no assurance and may or may not be completed. The announcement also noted that WTER was granting underwriters a 45-day option to purchase additional shares of common stock, which could increase the potential total of the public offering to an estimated $5.75 million if the option is exercised fully. Aegis Capital Corp. is acting as the single book-running manager for the offering.
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About The Alkaline Water Company
Founded in 2012, The Alkaline Water Company is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88(R), is a leading premier alkaline water brand available in bulk and single-serve sizes along with ecofriendly aluminum packaging options. With its innovative, state-of-the-art, proprietary electrolysis process, Alkaline88(R) delivers perfect 8.8 pH-balanced alkaline drinking water with trace minerals and electrolytes and boasts the company’s trademarked Clean Beverage label. In 2021, The Alkaline Water Company was pleased to welcome Shaquille O’Neal to its board of advisors and as a celebrity brand ambassador for the Alkaline88. To learn more about the company, please visit www.Alkaline88.com and www.TheAlkalineWaterCo.com.
NOTE TO INVESTORS: The latest news and updates relating to WTER are available in the company’s newsroom at http://ibn.fm/WTER
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