ALKALINE WATER Co INC (WTER): Nasdaq/NYSE listing notice — Alkaline Water faces Nasdaq delisting over bid price and market value deficiencies; appeal planned

ALKALINE WATER Co INC

Oct 9: Nasdaq notices bid price below $1.00 for 30 consecutive days; 180 days to cure by Apr 8, 2024.
Oct 11: Nasdaq determines MVLS compliance not regained (min $35M); delisting set for Oct 20 unless appeal.
Company intends to appeal to Nasdaq Hearings Panel; trading stays pending appeal decision.
If delisted, common stock expected to trade on OTC Markets Group.

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

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

Exact text from the filing

October 11, 2023 As previously reported on Form 8-K filed on April 19, 2023, on April 13, 2023, the Company received a deficiency letter from the Staff, notifying the Company that, for the previous 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 5550(b)(1) Equity Standard and 5550(b)

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Source: SEC EDGAR

accession 0001062993-23-019336

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