Alkaline Water discloses Nasdaq listing compliance notice

The Alkaline Water Company “announced that it received a deficiency letter on August 23, 2023 from the Listing Qualifications Department of The Nasdaq Stock Market. The Letter notified the Company that since the Company had not yet filed its Form 10-Q for the period ended June 30, 2023, and because the Company did not timely file its Form 10-K for the fiscal year ended March 31, 2023, the Company does not comply with the Nasdaq’s Listing Rule 5250(c)(1) relating to the Company’s obligation to file periodic financial reports for continued listing. The Letter further stated that the Company has until September 18, 2023 to submit a plan to regain compliance with respect to the delinquent reports. The Letter also stated that any staff exemption to allow the Company to regain compliance, if granted, will be limited to a maximum of 180 calendar days from the due date of the Initial Delinquent Filing, or January 10, 2024. If the Nasdaq does not accept the Plan, the Company will have the opportunity to appeal that decision to the Nasdaq Hearings Panel.”