secwatch.observer — SEC 8-K summary
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Issuer:     ALKALINE WATER Co INC (WTER)
CIK:        0001532390
Form:       8-K
Filed at:   2022-11-23T23:59:59+00:00
Accession:  0001062993-22-022748
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532390/000106299322022748/0001062993-22-022748-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532390/000106299322022748/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-22-022748

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