Long Island Iced Tea Corp (fka LTEA)

[NewJerichoMan]

I can't believe people keep giving these guys money. Some day they're gonna have to turn a profit, or at least, get close to turning one.


Hicksville, NY (January 30, 2017) — Long Island Iced Tea Corp. (NasdaqCM: LTEA) (the “Company”), a growth-oriented company focused on the ready-to-drink (“RTD”) tea segment in the beverage industry, today announced the closing of its previously announced public offering of 376,340 shares of common stock at an average price of approximately $4.02 per share. The Company received net proceeds of approximately $1.4 million from the offering. Alexander Capital, L.P. acted as the placement agent for the offering.