The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), the country’s largest independent alkaline water company, has closed on its public offering of 8,333,334 shares of common stock; the shares were offered at $0.60 per share. According to the announcement, the offering resulted in $5 million in gross proceeds for the company, before standard deductions. The announcement also noted that WTER granted the underwriters a 45-day option to purchase additional shares of common stock; that option represented up to 15% of the number of the shares and is solely to cover overallotments, if any. If exercised in full, the option could increase the total gross proceeds of the offering to approximately $5.75 million. According to the announcement, Aegis Capital Corp. acted as sole bookrunner for the underwritten public offering. Aegis has been in the wealth management and investment banking business for more than three decades and is committed to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions.
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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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