ALKALINE WATER Co INC (WTER): Nasdaq/NYSE listing notice — Alkaline Water receives Nasdaq delisting notice for bid price and equity non-compliance

ALKALINE WATER Co INC

Received Nasdaq determination letter on Nov 8, 2022 for failing to maintain $1.00 minimum bid price.
Not eligible for second compliance period due to not meeting $5M stockholders' equity requirement.
Company requested hearing on Nov 10, 2022; trading continues during appeal process.
If delisted, expects to trade on OTC Markets Group.
No assurance that Nasdaq Hearings Panel will grant continued listing.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

ALKALINE WATER Co INC received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

November 8, 2022, the Company received a determination letter (the "Letter") from the Staff stating that the Company has not regained compliance with the Minimum Bid Price Rule and is not eligible for a second 180 day period as the Company does not comply with the US$5,000,000 minimum stockholders' equity initial listing requirement for The Nasdaq Capital Market. The Letter stated that, unless the Company requests an appeal of this determination no later than 4:00 p.m. (Eastern time) on November 15, 2022, the Staff has determined that the Company's common stock will be scheduled for delisting

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ALKALINE WATER Co INC filing history →

Source: SEC EDGAR

accession 0001062993-22-021852

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