The Alkaline Water Company Receives Nasdaq Notice On Late Filing Of Its Form 10-Q
Portfolio Pulse from Benzinga Newsdesk
The Alkaline Water Company Inc. received a deficiency letter from Nasdaq for not filing its Form 10-Q on time, which is an additional basis for potentially delisting its securities. The company has appealed to the Hearings Panel and is working to regain compliance. There is no assurance of maintaining its Nasdaq listing, and if delisted, the stock may trade on the OTC Markets Group.
November 28, 2023 | 9:24 pm
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The Alkaline Water Company Inc. is at risk of being delisted from Nasdaq due to a late filing of its Form 10-Q, which could negatively impact investor confidence and the stock's liquidity.
The late filing of financial reports is a serious compliance issue that can lead to delisting. Delisting typically results in reduced liquidity and investor confidence, which can negatively affect the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100