THE Alkaline Water Company Inc. (NASDAQ:WTER) stock is under a little pressure Thursday after filing an 8K pre-market.
Market Action
As of 1:25 Thursday WTER is trading at 1.43 down .055 down 3.35% on the session. Trading opened at 1.48 and the stock has ranged between 1.40 and 1.49. So far the stock has failed to trade above yesterday high of 1.50 which would be critical for a continued bounce after losing ground four sessions in a row prior to Wednesdays up day. Traders should keep an eye on the potential pivot points of 1.52 1.55 and 1.64 above and 1.43 1.37 and 1.28 below.
Alkaline Water Company Files 8K
Thursday pre- market The Alkaline Water Company Inc (NASDAQ:WTER) filed an 8k regarding the sale of unregistered securities. Here are the highlights:
Item 3.02 Unregistered Sales of Equity Securities
Effective as of June 14, 2021, we issued an aggregate of 277,777 shares of our common stock upon exercise of our common stock purchase warrants with an exercise price of $0.55 per share for aggregate gross proceeds of $152,777.35. We issued these shares to one U.S. person (as that term is defined in Regulation S of the Securities Act of 1933) and in issuing these shares, we relied on the exemption from the registration requirements of the Securities Act of 1933 provided by Section 4(a)(2) of the Securities Act of 1933 and/or Rule 506 promulgated under the Securities Act of 1933.
Effective as of June 15, 2021, we issued an aggregate of 1,000,000 shares of our common stock upon exercise of our common stock purchase warrants with an exercise price of $0.50 per share for aggregate gross proceeds of $500,000. We issued these shares to one non-U.S. person (as that term is defined in Regulation S of the Securities Act of 1933) in an offshore transaction relying on Regulation S and/or Section 4(a)(2) of the Securities Act of 1933.
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