WTER 8-K
ALKALINE WATER Co INC (WTER)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On December 20, 2022, The Alkaline Water Company Inc. (the "Company") received a decision from the Nasdaq Hearings Panel granting the request of the Company to continue its listing on The Nasdaq Capital Market (the "Nasdaq"). The Company's continued listing on the Nasdaq is subject to its evidencing compliance with the minimum bid price requirement under the Nasdaq Listing Rule 5550(a)(2) by May 8, 2023 by evidencing a closing bid price of US$1 or more per share for a minimum of ten consecutive trading sessions and adhering to certain other conditions and requirements.
The Company is working to satisfy the Nasdaq's requirements in a timely manner. However, there can be no assurance that the Company will regain compliance with the minimum bid price requirement or maintain the listing of its common stock on the Nasdaq.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
THE ALKALINE WATER COMPANY INC.
/s/ David A. Guarino
David A. Guarino
Chief Financial Officer and Director
December 23, 2022