Deal sells units of one share and a half-share warrant at $0.15 each
By Devika Patel
Knoxville, Tenn., May 6 - The Alkaline Water Co. Inc. completed a $2.6 million private placement of units on May 1, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 17,333,329 units of one common share and one half-share warrant at $0.15 per unit.
The whole warrant is exercisable at $0.15 for five years. The strike price is a 6.25% discount to the May 5 closing share price of $0.16.
H.C. Wainwright & Co., LLC was the agent.
The company is based in Scottsdale, Ariz.
| Issuer: | The Alkaline Water Co. Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | $2,599,999
|
| Units: | 17,333,329
|
| Price: | $0.15
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.15
|
| Agent: | H.C. Wainwright & Co., LLC
|
| Settlement date: | May 1
|
| Stock symbol: | OTCBB: WTER
|
| Stock price: | $0.16 at close on May 5
|
| Market capitalization: | $12.81 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
