ALKALINE WATER Co INC 8-K, filed Aug 26, 2022
ALKALINE WATER Co INC (WTER)
About this 8-K
ALKALINE WATER Co INC filed this 8-K on August 26, 2022, reporting on events of August 23, 2022.
Items reported
- Item 3.02: Unregistered sale of equity
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
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Item 3.02 Unregistered Sales of Equity Securities
On August 23, 2022, we granted an aggregate of 2,430,000 stock options to certain employees for the purchase of up to 2,430,00 shares of our common stock pursuant to our 2020 Equity Incentive Plan. Each stock option is exercisable at a price of US$0.51 per share until August 23, 2032.
Of these stock options: (i) 2,280,000 vest as to 50% on each of the first and second anniversary of the grant date; (ii) 25,000 vest as to one-third immediately, one third on January 15, 2023 and one third on January 15, 2024; and (iii) 125,000 vest as to 50,000 on October 15, 2022, 25,000 on April 15, 2023 and 50,000 on April 15, 2024.
We granted the awards of these shares to 20 U.S. Persons and 1 non-U.S. Person and in granting these awards we relied on the registration exemption provided for in Regulation S and/or Section 4(a)(2) of the Securities Act of 1933.
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
August 26, 2022