The Alkaline Water Company Eliminates Convertible Debt in Advance of OTCQB Uplisting

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GLENDALE, AZ / ACCESS Newswire / September 22, 2025 / The Alkaline Water Company, Inc. (OTCID:WTER) (the "Company"), a leader in premium hydration solutions, today announced the full cancellation of a significant convertible debt instrument, marking an important step in its ongoing capital markets strategy and its planned uplisting to the OTCQB.

The Company has executed a definitive agreement with the holder of a $250,000 Convertible Note (the "Convertible Debt"), resulting in the full cancellation of the obligation (the "Debt Cancellation").

Key Benefits of the Debt Cancellation:

1. Protecting Shareholders from Dilution - The transaction eliminates the potential issuance of up to 250,000,000 shares of common stock, safeguarding shareholders from significant dilution.

2. Strengthening the Balance Sheet - The removal of $250,000 in long-term debt will be reflected in the Company's financial statements for the fiscal quarter ending September 30, 2025, improving financial flexibility.

The Company expects to announce additional material developments over the coming weeks as part of its efforts to provide shareholders with transparency into all significant corporate actions.

About The Alkaline Water Company Inc.

Founded with a mission to deliver clean, balanced hydration, The Alkaline Water Company Inc. (OTCID: WTER) is a trusted name in premium alkaline beverages. Its flagship brand, Alkaline88®, is crafted using a proprietary electrolysis process that infuses purified water with Himalayan rock salt, electrolytes, and trace minerals-delivering a perfectly balanced 8.8 pH product with no added chemicals. Led by co-founder and CEO Ricky Wright, the Company is focused on sustainable growth, operational efficiency, and expanding its national and international footprint.

Disclaimer Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by words such as "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "potential," "project," and similar expressions. Forward-looking statements are subject to significant risks and uncertainties that may cause actual results to differ materially from expectations, including the Company's ability to complete its uplisting, execute strategic transactions, and achieve its growth initiatives. Additional factors are detailed in the Company's filings with the SEC. The Company undertakes no obligation to update any forward-looking statements except as required by law.

Contact Information

The Alkaline Water Company Inc.

5524 North 51st Avenue

Glendale, Arizona 85301

Telephone: 480-582-3600

Website: www.thealkalinewaterco.com

Email: [email protected]

SOURCE: The Alkaline Water Company Inc.