secwatch.observer — SEC 8-K summary
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Issuer:     ALKALINE WATER Co INC (WTER)
CIK:        0001532390
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001062993-22-016837
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Alkaline Water settles $3.87M debt via equity; issues 19.3M shares to creditors
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- Settled $3,869,962 in debt by issuing units and special warrants to four non-U.S. creditors.
- Three creditors received 9,633,616 units at $0.37/unit and immediately exercised warrants for 9,633,616 additional shares at $0.44.
- One creditor got 825,738 special warrants at $0.37, convertible into units (1 share + 1 warrant) upon prospectus receipt or after 4 months+1 day.
- Total new shares issued from this settlement: 19,267,232 from the three creditors, plus potential shares from special warrants conversion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532390/000106299322016837/0001062993-22-016837-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532390/000106299322016837/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-22-016837

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