Alkaline Water announces plans to sell 35 million units in public sale

H.C. Wainwright raises funds for machine purchases and working capital

By Devika Patel

Knoxville, Tenn., April 3 - Alkaline Water Co. Inc. will sell 35 million units in its public sale, according to a Form S-1/A filed Thursday with the Securities and Exchange Commission. The deal was announced Nov. 27 and originally was set to sell 20 million units, the company reported on March 12.

The units will consist of one common share and a half-share warrant.

H.C. Wainwright & Co., LLC is the agent.

Proceeds will be used to purchase alkaline generating electrolysis system machines and a bottling plant, to redeem preferred stock and for working capital.

The water products company is based in Scottsdale, Ariz.

© 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.