The Alkaline Water Company Announces Closing of Public Offering of Common Stock

The Alkaline Water Company Announces Closing of Public Offering of Common Stock
CANNANNEW REPORT

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–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 the closing of its public offering of 8,333,334 shares of common stock at a public offering price of $0.60 per share. The gross proceeds of the offering were approximately $5 million before deducting underwriting discounts, commissions and offering expenses. In addition, the Company granted the underwriters a 45-day option to purchase additional shares of common stock, representing up to 15% of the number of the shares, solely to cover over-allotments, if any, which would increase the total gross proceeds of the offering to approximately $5.75 million, if the over-allotment option is exercised in full, before deducting underwriting discounts, commissions and offering expenses. The common stock is trading on The Nasdaq Capital Market under the symbol “WTER”. Aegis Capital Corp. acted as the sole book-running manager for the offering. This offering was 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 final prospectus supplement and accompanying prospectus (collectively, the “Prospectus”) describing the terms of the offering has been filed with the SEC and is available on the SEC’s website located at http://www.sec.gov. Electronic copies of the 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. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sales of the securities in any state or jurisdiction in which such offer, solicitation…

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