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Long Island Iced Tea registers $11.5 million of stock for public sale
Funds used for general corporate purposes, including working capital
By Devika Patel
Knoxville, Tenn., April 8 – Long Island Iced Tea Corp. will price a public offering of its common stock with a 45-day over-allotment option, according to a Form S-1 filed Friday with the Securities and Exchange Commission. The company has registered up to $11.5 million of stock.
Network 1 Financial Securities, Inc. is the bookrunner.
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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