The Alkaline Water Company shares are trading lower after the company announced it received a deficiency letter from the Nasdaq regarding its late filing of its Form 10-Q.
Portfolio Pulse from Benzinga Newsdesk
The Alkaline Water Company's stock is trading lower following the receipt of a deficiency letter from Nasdaq due to the late filing of its Form 10-Q.
November 29, 2023 | 6:00 pm
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NEGATIVE IMPACT
The Alkaline Water Company's stock price is negatively impacted by the news of receiving a deficiency letter from Nasdaq for not filing its Form 10-Q on time.
Receiving a deficiency letter from Nasdaq is a negative regulatory event indicating potential compliance issues. It can lead to investor concerns about the company's governance and can result in a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100