The Alkaline Water Company Eliminates Convertible Debt in Advance of OTCQB Uplisting

Rhea-AI Summary

The Alkaline Water Company (OTCID:WTER) has announced the complete cancellation of a $250,000 Convertible Note, marking a significant step in its capital markets strategy and planned uplisting to the OTCQB. The debt cancellation eliminates the potential issuance of up to 250 million shares of common stock, protecting shareholders from dilution.

The transaction will strengthen the company's balance sheet by removing long-term debt, with the impact reflected in the fiscal quarter ending September 30, 2025. The company, known for its flagship Alkaline88® brand of premium alkaline beverages, expects to announce additional material developments in the coming weeks.

Positive

• Elimination of $250,000 convertible debt strengthens balance sheet
• Prevention of potential 250 million share dilution protects shareholder value
• Strategic progress towards OTCQB uplisting

Negative

• Current trading on OTC markets indicates lower tier market status
• Additional material developments pending suggests more corporate restructuring ahead

News Market Reaction – WTER

+10.00%

1 alert

+10.00% News Effect

On the day this news was published, WTER gained 10.00%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

GLENDALE, AZ / ACCESS Newswire / September 22, 2025 / The Alkaline Water Company, Inc. (OTCID:WTER) (the "Company"), a leader in premium hydration solutions, today announced the full cancellation of a significant convertible debt instrument, marking an important step in its ongoing capital markets strategy and its planned uplisting to the OTCQB.

The Company has executed a definitive agreement with the holder of a $250,000 Convertible Note (the "Convertible Debt"), resulting in the full cancellation of the obligation (the "Debt Cancellation").

Key Benefits of the Debt Cancellation:
1. Protecting Shareholders from Dilution - The transaction eliminates the potential issuance of up to 250,000,000 shares of common stock, safeguarding shareholders from significant dilution.
2. Strengthening the Balance Sheet - The removal of $250,000 in long-term debt will be reflected in the Company's financial statements for the fiscal quarter ending September 30, 2025, improving financial flexibility.

The Company expects to announce additional material developments over the coming weeks as part of its efforts to provide shareholders with transparency into all significant corporate actions.

About The Alkaline Water Company Inc.
Founded with a mission to deliver clean, balanced hydration, The Alkaline Water Company Inc. (OTCID: WTER) is a trusted name in premium alkaline beverages. Its flagship brand, Alkaline88®, is crafted using a proprietary electrolysis process that infuses purified water with Himalayan rock salt, electrolytes, and trace minerals-delivering a perfectly balanced 8.8 pH product with no added chemicals. Led by co-founder and CEO Ricky Wright, the Company is focused on sustainable growth, operational efficiency, and expanding its national and international footprint.

Disclaimer Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by words such as "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "potential," "project," and similar expressions. Forward-looking statements are subject to significant risks and uncertainties that may cause actual results to differ materially from expectations, including the Company's ability to complete its uplisting, execute strategic transactions, and achieve its growth initiatives. Additional factors are detailed in the Company's filings with the SEC. The Company undertakes no obligation to update any forward-looking statements except as required by law.

Contact Information
The Alkaline Water Company Inc.
5524 North 51st Avenue
Glendale, Arizona 85301
Telephone: 480-582-3600
Website: www.thealkalinewaterco.com
Email: info@thealkalinewaterco.com

SOURCE: The Alkaline Water Company Inc.

View the original press release on ACCESS Newswire

FAQ

What is the impact of WTER's convertible debt cancellation on shareholders?

The debt cancellation prevents the potential dilution of up to 250 million shares of common stock, protecting current shareholder value and strengthening the company's balance sheet by removing $250,000 in long-term debt.

When will The Alkaline Water Company's debt cancellation be reflected in financial statements?

The removal of the $250,000 convertible debt will be reflected in the company's financial statements for the fiscal quarter ending September 30, 2025.

What is WTER's plan for uplisting from OTCID?

The Alkaline Water Company has announced plans to uplist to the OTCQB, with the debt cancellation being a strategic step toward this goal.

What are The Alkaline Water Company's main products?

The company's flagship brand is Alkaline88®, a premium alkaline beverage crafted using a proprietary electrolysis process with Himalayan rock salt, electrolytes, and trace minerals, delivering a balanced 8.8 pH product.