Welcome to our dedicated page for The Alkaline Water news (Ticker: WTER), a resource for investors and traders seeking the latest updates and insights on The Alkaline Water stock.
The Alkaline Water Company, Inc. (OTC: WTER) is a premium beverage company in the soft drink manufacturing sector, focused on high-quality alkaline water products under its Alkaline88® brand. This news feed aggregates company-issued updates and regulatory disclosures that highlight how WTER is managing its operations, capital structure, and market positioning.
Recent news has emphasized capital structure reset and balance sheet actions, including the cancellation of multiple convertible notes and the cancellation of a large block of common stock previously issued in connection with an asset purchase. The company has also reported a 1-for-10 reverse stock split, framed as a step to address legacy capital structure issues and support a qualified Tier 1 Regulation A offering.
Investors following WTER news will see coverage of its Regulation A offering qualification by the SEC, planned use of proceeds for working capital and corporate purposes, and its stated goal of resuming, stabilizing, and expanding operations as described in the offering circular. Additional updates include the completion of a PCAOB-audited financial statement for a fiscal year and the filing of an application for uplisting to the OTCQB market tier, along with detailed cautionary language about the uncertainties of that process.
News items also cover governance and strategic initiatives, such as the appointment of a new board member with experience in governance-led transformation and the company’s strategic advisory agreement with The Bitcoin Group to evaluate a potential digital asset treasury strategy. Readers can use this page to monitor developments across governance, financing, debt reduction, share structure changes, and other material corporate actions disclosed by The Alkaline Water Company.
The Alkaline Water Company (NASDAQ: WTER) announced a public offering priced at $0.60 per share, aiming to raise approximately $5 million before expenses. This equates to 8,333,334 shares, with a potential for total proceeds of $5.75 million if underwriters exercise their 45-day over-allotment option. Proceeds will be used for general corporate purposes, including debt repayment and working capital. The offering is set to close on May 9, 2022, pending usual closing conditions.
The Alkaline Water Company (NASDAQ: WTER) has announced a public securities offering aiming to raise approximately $5 million. The proceeds will be utilized for general corporate purposes, including debt repayment and boosting working capital. The offering is subject to market conditions, and its completion remains uncertain. Aegis Capital Corp. is the sole book-running manager for this offering, which is made under an effective shelf registration statement with the SEC. Investors are advised to review the forthcoming prospectus for detailed information.
The Alkaline Water Company Inc. (NASDAQ: WTER) announced its Alkaline88 1-gallon and 3-liter bottles are now available in approximately 150 Roundy's Supermarkets across Wisconsin and Illinois. This partnership with Roundy's, a subsidiary of Kroger, marks a significant growth opportunity for the company in the Midwest. CEO Ricky Wright emphasized that this move will help maintain their position as one of the fastest-growing brands in the 'Value-Added' water sector.
The Alkaline Water Company Inc. (NASDAQ: WTER) has announced its sponsorship of Gronk Beach Las Vegas, a high-profile event celebrating Draft Weekend with 5,000 attendees.
This partnership will promote Alkaline88® as the exclusive bottled water, while also unveiling their first sports drink, Alkaline88 Sport, designed for elite hydration. The event aims to leverage the popularity of athletes like Rob Gronkowski, enhancing brand visibility and engagement in the competitive beverage market.
The Alkaline Water Company (NASDAQ: WTER) announced strong initial results from its Direct-Store-Delivery (DSD) program, surpassing forecasts in its first year, particularly in Arizona, Nevada, and the upper Midwest. The program has expanded Alkaline88® water to thousands of convenience stores and major retailers, including over 45 Target stores. The company aims for significant growth in fiscal 2023 by adding new DSD partners and retailers, with the Nielsen data indicating Alkaline88 as the fastest-growing value-added water brand.
The Alkaline Water Company (NASDAQ: WTER) announced the launch of its Alkaline88 1-gallon water product as a 4 Pack at 589 Sam's Clubs nationwide. This comes in response to the growing demand for premium water among Sam's Club's 40 million members. The product, known for its Deliciously Smooth taste, has been a top seller in grocery channels, ranking as the sixth best-selling value-added water product according to Nielsen data. The launch is expected to enhance the company's market presence and provide a value option for consumers.
The Alkaline Water Company (NASDAQ: WTER) has partnered with Europa Sports Partners to distribute its Alkaline88® products to fitness venues across the U.S. This agreement aims to enhance the availability of its alkaline water in gyms and health stores, with an initial rollout planned for Gold’s Gyms. CEO Ricky Wright highlighted the strong demand for Alkaline88® among fitness enthusiasts. The company emphasizes the importance of on-premise consumption for driving sales and aims for rapid expansion through Europa’s distribution network.
The Alkaline Water Company (NASDAQ: WTER) has partnered with Distribution Management (DM) to enhance its direct-to-consumer (D2C) fulfillment services. This partnership aims to enable 2-Day delivery of Alkaline88 products to 99% of U.S. households, improving customer experience and potentially reducing freight costs. The company reports strong recent e-commerce sales, indicating growth in this channel. The partnership is crucial for the company's expansion in e-commerce, supporting its goal to optimize fulfillment as it enters fiscal 2023.
The Alkaline Water Company (NASDAQ: WTER) announced the availability of its Alkaline88® 1-gallon product in over 250 military retail locations across the U.S., including 80 Navy Exchange stores and 170 Defense Commissary Agency commissaries. This expansion aims to serve military personnel and veterans, reflecting the brand's commitment to providing quality hydration. The company continues to seek opportunities to grow its presence in military channels, building upon its extensive retail network of 80,000 outlets nationwide.
The Alkaline Water Company (NASDAQ: WTER) announced a partnership with Bill’s Distributing for the distribution of its Alkaline88® water products in Alaska. This Direct-Store-Delivery (DSD) relationship aims to enhance the brand's presence and market penetration in the state. Bill's Distributing has over 30 years of experience in the beverage industry and will service major grocery chains, expanding Alkaline88® into various retail locations. This partnership is part of the company's broader strategy to increase market share and product availability across different channels.