Alkaline Water Company to File Form 211 Today in Scottsdale
- The Alkaline Water Company, Inc. is focused on enhancing its market presence in the beverage industry, particularly through its purified alkaline water product.
- The company plans to file a Form 211 application with FINRA, aiming to enable market making and improve trading conditions for its shares.
- Successful submission of the application could facilitate the company's uplisting to the OTCQB, potentially improving liquidity and investor interest.
On October 25, 2024, in the United States, The Alkaline Water Company, Inc. publicly announced its intention to file a Form 211 application with FINRA. This initiative comes as part of the company's strategy to improve trading conditions for its common stock, which is currently classified as Pink Sheet Current. The president, Mr. David Guarino, emphasized the efforts taken to reach this current status, highlighting the importance of being a Pink Sheet listed issuer. By filing this application, the company aims to engage an appropriate market maker who will review the submission in accordance with SEC Rule 15c211. The goal is to enable the publication of proprietary quotes and provide continuous market making. This change is significant as it could mitigate the limitations imposed by solely relying on unsolicited customer orders, which often lead to wider spreads and increased price volatility in trading. Furthermore, the successful filing of the Form 211 is a precursor for Alkaline Water's plans to uplist to the OTCQB, a tier in the over-the-counter market with stricter listing standards that promote financial transparency. This move is expected to attract more investors by enhancing liquidity and trading volume opportunities. Overall, the company’s decision to file the Form 211 is a pivotal step toward strengthening its market position and improving accessibility for investors, thereby laying the groundwork for future growth in the competitive beverage industry.