AND EXCHANGE COMMISSION
TO SECTION 13 OR 15(D) OF THE
EXCHANGE ACT OF 1934
of Report (Date of earliest event reported): January 30, 2017
ISLAND ICED TEA CORP.
Name of Registrant as Specified in Charter)
or Other Jurisdiction
Charlotte Avenue, Hicksville, NY 11801
of Principal Executive Offices) (Zip Code)
Telephone Number, Including Area Code)
Name or Former Address, if Changed Since Last Report)
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))|
January 30, 2017, Long Island Iced Tea Corp. (the “Company”) consummated the offering (the “Offering”)
of an aggregate of 376,340 shares (the “Shares”) of the Company’s common stock, par value $0.0001 per
share, pursuant to the selling agent agreement, dated January 25, 2017, by and between the Company and Alexander Capital, L.P.,
as placement agent, and the subscription agreements by and between the Company and each of the purchasers in the Offering. Of
the aggregate number of Shares sold, 300,000 Shares were sold to the public at a price of $4.00 per share and 76,340 of the Shares
were sold to the Company’s officers and directors at a price of $4.10 per share, the most recent closing bid price of the
Common Stock at the time the officers and directors executed their subscription agreements.
the closing of the Offering, pursuant to the previously disclosed terms of the consulting agreement with Julian Davidson, the
Company’s Executive Chairman, the Company granted Mr. Davidson 20,000 shares of Common Stock and an option to purchase 71,686
shares of Common Stock at an exercise price of $4.09 per share.
Offering generated total net proceeds, after payment of the placement agent fees and other offering expenses, of approximately
$1.4 million. The press release announcing the consummation of the Offering is attached hereto as Exhibit 99.1.
Statement and Exhibits.|
release dated January 30, 2017.|
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
January 30, 2017
ISLAND ICED TEA CORP.|