Press Release – New York, NY – July 29, 2016 – Securities and corporate law firm Carmel, Milazzo & DiChiara LLP announced today that it has represented Network 1 Financial Securities, Inc. as selling agent and Alexander Capital L.P. as selected dealer for a public offering of Long Island Iced Tea Corp. (NASDAQ: LTEA), a growth-oriented company focused on the ready-to-drink tea segment in the beverage industry.
Long Island Iced Tea Corp. sold 1,242,685 shares of common stock at a price of $5.50 per share in the offering for aggregate gross proceeds of $6,934,820. In connection with the offering, Long Island Iced Tea Corp.’s common stock is trading on the NASDAQ.
A registration statement, including a prospectus, on Form S-1 relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission (the “SEC”). The offering is only being made by means of a prospectus. A copy of the final prospectus related to the offering may be obtained from: Network 1 Financial Securities, Inc., 2 Bridge Avenue, Suite 241, Red Bank, New Jersey 07701.
The Carmel, Milazzo & DiChiara LLP team was led by partners Peter DiChiara and Ross D. Carmel.