The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”), the nation’s largest independent alkaline water company and The Clean Beverage® Company, today announced that they intend to offer their securities in a public offering for a raised price of approximately $5.0 million. The Company intends to use the net proceeds of this offering for general corporate purposes, including, but not limited to, paying down debt and increasing working capital expenditures. The Offer is subject to market conditions, and there can be no assurance that the Offer will or will not be completed, or as to the actual size or terms of the Offer.
Aegis Capital Corp. acts as the sole bookrunner for the offering.
This offering is made pursuant to an effective shelf registration statement on Form S-3 (No. 333-262683) previously filed with the United States Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on March 24, 2022. A preliminary prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website at http://www. .sec.gov. Electronic copies of the preliminary prospectus supplement and accompanying prospectus may be obtained, when available, by contacting Aegis Capital Corp., Attention: Syndicate Department, 810 7th Avenue, 18th floor, New York, NY 10019, by email at [email protected] com, or by phone at (212) 813-1010. Before investing in this offering, interested parties should read the Prospectus Supplement and the accompanying Prospectus in their entirety and the other documents the Company has filed with the SEC and which are incorporated by reference into this Supplement. prospectus and the accompanying prospectus, which provide more information about the Company and this offering.
This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful before registration or qualification under the securities laws of such state or territory.
About Alkaline Water Company
The Alkaline Water Company is the Clean Beverage® company making a difference in the water you drink and the world we share.
Founded in 2012, The Alkaline Water Company (NASDAQ and CSE: WTER) is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88®, is one of the leading alkaline water brands available in bulk and single-serving, as well as environmentally friendly foil packaging options. Using its proprietary and innovative state-of-the-art electrolysis process, Alkaline88® provides perfect alkaline drinking water at pH 8.8 with trace minerals and electrolytes and carries our brand label “Clean Beverage”. In 2021, The Alkaline Water Company was pleased to welcome Shaquille O’Neal to its advisory board and to be the ambassador of the famous brand Alkaline88®.
To purchase The Alkaline Water Company products online, visit us at www.alkaline88.com.
To learn more about The Alkaline Water Company, visit www.thealkalinewaterco.com or connect with us on Facebook, Twitter, Instagram or LinkedIn.
This press release contains “forward-looking statements”. Statements in this press release that are not purely historical are forward-looking statements and include all statements regarding beliefs, plans, expectations or intentions regarding the future. These forward-looking statements include, among other things, the following: statements regarding the proposed public offering for an expected raise of approximately $5 million and the expected use of proceeds.
Important assumptions supporting these forward-looking statements include, among others, that demand for the Company’s products will continue to grow significantly; that the past production capacity of the Company’s co-packing facilities can be maintained or increased; that there will be an increase in production capacity through the introduction of new production facilities, new co-packers and new technologies; that there will be an increase in the number of products available for sale to retailers and consumers; that there will be expansion in geographic areas by national retailers carrying the Company’s products; that there will be expansion into new national and regional food retailers; that there will be expansion into new e-commerce, home delivery, convenience and healthy food channels; that there will be no interruptions in the production of the Company’s products; that there will be no product recalls due to unintentional contamination or other adverse events related to the Company’s products; and that the Company will be able to obtain additional capital to meet the Company’s growing demand and meet the capital expenditure requirements necessary to increase production and support sales activities. Actual results could differ from those projected in the forward-looking statements due to many factors. These factors include, but are not limited to, government regulations implemented regarding the production and sale of alkaline water or any other products, including hemp/CBD-containing products; additional competitors selling alkaline water and enhanced water products in bulk containers reducing the Company’s sales; the fact that the Company does not own or operate any of its own production facilities and that co-packers may not renew outstanding agreements and/or fail to meet increased production quotas; the fact that the Company has a limited number of suppliers of its unique bulk bottles; the potential for supply chain disruption due to factors beyond the Company’s control; the fact that there may be a product recall due to unintentional contamination; the inherent uncertainties associated with operating as a start-up business; changes in customer demand and the fact that consumers may not adopt improved water products as expected or at all; the Company’s success in establishing new, long-term relationships with new retailers and maintaining existing relationships with retailers; the Company’s ability to raise the additional funds it will need to continue its operations, its planned capital expansion and its sales activities; and competition in the industry in which the Company operates and market conditions. These forward-looking statements are made as of the date of this press release, and the Company undertakes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the statements. forward-looking, except as required by applicable law, including the securities laws of the United States and Canada. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be correct. Readers should review all of the information set forth herein and should also refer to the disclosure of risk factors described in the reports and other documents the Company files with the SEC, available at www.sec.gov, and at SEDAR, available at www. sedar.com.