sur The Alkaline Water Company Inc (NASDAQ:WTER)
The Alkaline Water Company Cancels Convertible Debt Ahead of OTCQB Uplisting
The Alkaline Water Company, Inc. has announced the cancellation of a $250,000 convertible debt. This strategic move is part of its planned uplisting to the OTCQB. The cancellation agreement will eliminate the potential issuance of up to 250,000,000 shares of common stock, protecting shareholders from dilution.
By removing this long-term debt, the company strengthens its balance sheet, which will reflect in the financial statements for the quarter ending September 30, 2025. This positions the company for improved financial flexibility as it aims to provide transparent communication with its shareholders.
More developments are expected as the company continues to pursue its capital markets strategy and corporate initiatives.
R. E.
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