ALKALINE WATER Co INC (WTER): Nasdaq/NYSE listing notice — Alkaline Water receives Nasdaq deficiency notice for MVLS below $35M threshold

ALKALINE WATER Co INC

On April 13, 2023, Nasdaq notified Alkaline Water that MVLS was below $35M for 30 consecutive days.
Company also fails to meet Nasdaq Equity Standard (Rule 5550(b)(1)) and Net Income Standard (Rule 5550(b)(3)).
Has until October 10, 2023 to regain compliance by achieving MVLS >= $35M for 10 consecutive business days.
If not compliant by deadline, Nasdaq will issue delisting notice; company may appeal to a Hearings Panel.
Company is evaluating options but cautions there is no assurance of regaining compliance.

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 deficiency notice notice regarding market value (rules 5550(b)(2), 5550(b)(1), 5550(b)(3)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2), 5550(b)(1), 5550(b)(3)

Exact text from the filing

April 13, 2023, The Alkaline Water Company Inc. (the "Company") received a deficiency letter from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that for the last 30 consecutive business days, the Company's minimum Market Value of Listed Securities ("MVLS") was below the minimum of US$35 million required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2) (the "Market Value Standard"). The Staff also noted that the Company does not meet the requirements under Nasdaq Listing Rules 555

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Source: SEC EDGAR

accession 0001062993-23-009342

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