Long Island Iced Tea to price public sale of 1,538,462 common shares

Funds used for general corporate purposes, including working capital

By Devika Patel

Knoxville, Tenn., June 9 – Long Island Iced Tea Corp. will sell 1,538,462 common shares in its public offering with a 45-day greenshoe option of 230,769 additional shares, according to a Form S-1/A filed Thursday with the Securities and Exchange Commission. The deal was announced on April 8.

Network 1 Financial Securities, Inc. is the bookrunner. Alexander Capital, LP is a selling agent.

Proceeds will be used for general corporate purposes, including working capital, sales and marketing, product development, general and administrative matters, capital expenditures and acquisitions.

The Hicksville, N.Y., company distributes ready-to-drink tea.

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