The Alkaline Water Company Regains Compliance with NASDAQ Minimum Bid Price Listing Requirement

Rhea-AI Summary

The Alkaline Water Company (NASDAQ: WTER) announced that it has regained compliance with NASDAQ's minimum bid price requirements for continued listing. The letter from NASDAQ confirmed that the company's stock closed at $1.00 or more for ten consecutive business days, from May 19 to June 2, 2020. This compliance allows the company to continue its listing on the Nasdaq Capital Market, marking a positive turnaround following prior concerns regarding its stock price.

Positive

• Regained compliance with NASDAQ's minimum bid price requirements.
• Stock closed at $1.00 or greater for 10 consecutive business days.

Negative

• None.

SCOTTSDALE, Ariz., June 05, 2020 (GLOBE NEWSWIRE) -- The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the "Company"), is a producer of premium bottled alkaline water, flavored-infused waters, and CBD infused products sold under the brand names Alkaline88^®, A88 Infused™, and A88CBD™, respectively. The Company announced today that it has received a letter from the NASDAQ Listing Qualifications Staff notifying the Company that it has regained compliance with NASDAQ's minimum bid price requirements for continued listing on the Nasdaq Capital Market. The letter noted that as a result of the closing bid price of the Company's common stock having been at $1.00 per share or greater for at least ten consecutive business days, from  May 19, 2020 to June 02, 2020, the Company has regained compliance with Listing Rule 5550(a)(2) and the matter is now closed.

About The Alkaline Water Company

Founded in 2012, The Alkaline Water Company (NASDAQ and CSE: WTER) is headquartered in Scottsdale, Arizona. Its flagship product, Alkakline88^®, is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88^® delivers perfect 8.8 pH balanced alkaline drinking water with trace minerals and electrolytes and boasts our trademarked label 'Clean Beverage.' Quickly being recognized as a growing lifestyle brand, Alkaline88^® launched A88 infused™ in 2019 to meet consumer demand for flavor-infused products. A88 infused™ flavored water is available in seven unique all-natural flavors, with new flavors coming soon. Additionally, in 2020, the Company launched A88CBD Infused™ brand, featuring a broad line of topical and ingestible products. These products are made with lab-tested full-spectrum hemp and include salves, balms, lotions, essential oils, bath-salts, CBD infused drinks, beverage shots, tinctures, capsules, gummies, and powder packs. To purchase A88CBD Infused™ products online, visit us at www.A88CBD.com. To learn more about The Alkaline Water Company, please visit www.thealkalinewaterco.com or connect with us on Facebook, Twitter, Instagram, or LinkedIn.

The Alkaline Water Company Inc.

Richard A. Wright
President and CEO, or

Sajid Daudi
Director of Investor Relations & Corporate Communications
800-923-1910
investors@thealkalinewaterco.com

Media

Jessica Starman
888-461-2233
jessica@elev8newmedia.com

FAQ

What compliance has Alkaline Water Company achieved with NASDAQ?

The Alkaline Water Company has regained compliance with NASDAQ's minimum bid price requirements.

When did Alkaline Water Company's stock meet NASDAQ's bid price requirements?

The stock met the requirements from May 19 to June 2, 2020.

What is the current stock symbol for Alkaline Water Company?

The stock symbol for Alkaline Water Company is WTER.

What actions were taken by NASDAQ regarding Alkaline Water Company?

NASDAQ notified the company that it has regained compliance with Listing Rule 5550(a)(2).