The Alkaline Water Company Inc Cancels Third Convertible Note
Rhea-AI Summary
The Alkaline Water Company (OTC:WTER) has announced the cancellation of a $130,000 Convertible Note, preventing the potential dilution of approximately 130 million shares of common stock. This strategic move strengthens the company's equity structure and supports its goal of uplisting to the OTCQB Venture Market.
The debt cancellation improves the company's balance sheet by removing $130,000 in debt and enhances its financial flexibility. This development is part of WTER's broader capital markets strategy, with additional announcements expected in the coming weeks regarding uplisting initiatives and shareholder value enhancement.
Positive
- Cancellation of $130,000 convertible note eliminates potential dilution of 130 million shares
- Removal of $130,000 in debt improves balance sheet strength
- Progress toward OTCQB uplisting could enhance trading liquidity and visibility
Negative
- Current OTC listing indicates lower tier market status
- Need for additional developments suggests ongoing financial restructuring
News Market Reaction
On the day this news was published, WTER declined 5.88%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
GLENDALE, AZ / ACCESS Newswire / September 24, 2025 / The Alkaline Water Company, Inc. (OTC:WTER -- hereinafter referred to as the "Company"), a leader in premium hydration solutions, today announced the cancellation of a
This step further strengthens the Company's equity structure and advances its capital markets strategy as it moves toward an anticipated uplisting to the OTCQB Venture Market.
Key Benefits of the Cancellation
1. Shareholder Protection - Prevents dilution from up to 130 million shares of common stock.
2. Balance Sheet Strength - Removes
3. Path to OTCQB - Moves the Company closer to meeting uplisting requirements, enhancing transparency, credibility, and potential liquidity for shareholders.
The Company expects to announce additional developments over the coming weeks as it continues its path toward uplisting and shareholder value enhancement.
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. Under the leadership of 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 certain 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 the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, the Company can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company's control), assumptions and other factors that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for the Company's common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the SEC. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, 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 did The Alkaline Water Company (WTER) announce about its convertible note?
How does the debt cancellation affect WTER shareholders?
What is WTER's plan for uplisting to OTCQB?
How much debt did The Alkaline Water Company remove from its balance sheet?
When will WTER announce additional developments about its uplisting?
