Alkaline Water closes $1.1M private placement of Series E Preferred Stock; director participates

ALKALINE WATER Co INC

Gross proceeds of $1.1M from 1.1M shares of Series E Preferred at $1.00/share, plus 880,000 Commitment Shares at $0.25/share.
Series E Preferred pays 6% annual dividend in common stock, convertible into common + warrants after 12 months at $0.25 conversion price.
Director David Rauch purchased 100,000 Series E Preferred and 80,000 Commitment Shares; related-party transaction exempt from valuation/minority approval.
Proceeds used for working capital and general corporate purposes; company to file registration statement for underlying shares within 60 days.

item 3.02 item 3.03 item 5.03 item 7.01 item 9.01

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

ALKALINE WATER Co INC: Designated 2,000,000 shares of authorized but unissued preferred stock as Series E Preferred Stock via Certificate of Designation (effective 2022-11-22).

Change: charter amendment
Effective: 2022-11-22

Exact text from the filing

On November 22, 2022, we designated 2,000,000 shares of the authorized and unissued preferred stock of our company as "Series E Preferred Stock" by filing a Certificate of Designation with the Secretary of State of the State of Nevada.

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13 governance changes filed in the last 30 days. Browse all governance changes →

ALKALINE WATER Co INC filing history →

Source: SEC EDGAR

accession 0001062993-22-022748

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