Current Report Filing (8-k)
October 13 2017 - 4:02PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported):
October 9, 2017
LONG
ISLAND ICED TEA CORP.
(Exact
Name of Registrant as Specified in Charter)
Delaware
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001-37808
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47-2624098
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(State
or Other Jurisdiction
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(Commission
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(IRS
Employer
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of
Incorporation)
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File
Number)
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Identification
No.)
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12-1
Dubon Court, Farmingdale, NY 11735
(Address
of Principal Executive Offices) (Zip Code)
(855)
542-2832
(Registrant’s
Telephone Number, Including Area Code)
Not
Applicable
(Former
Name or Former Address, if Changed Since Last Report)
Check
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):
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [X]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [X]
Item
3.01.
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Notice
of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
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On
October 9, 2017, Long Island Iced Tea Corp. (the “
Company
”) received a notice from the Listing Qualifications
Department of The Nasdaq Stock Market (“
Nasdaq
”) stating that, for the last 30 consecutive business days, the
market value of the Company’s listed securities had been below the minimum of $35 million required for continued listing
on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(2). The notification letter stated that the Company would be afforded
180 calendar days (until April 9, 2018) to regain compliance. In order to regain compliance, the market value of the Company’s
listed securities must remain at $35 million or more for a minimum of ten consecutive business days. The notification letter also
states that in the event the Company does not regain compliance within the 180 day period, the Company’s securities may
be subject to delisting.
The
Nasdaq notification has no effect at this time on the listing of the Company’s common stock, and the stock will continue
to trade uninterrupted under the symbol “LTEA”. The Company intends to consider all available options to regain compliance
with the Nasdaq listing standards.
SIGNATURE
Pursuant
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.
Dated:
October 13, 2017
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LONG
ISLAND ICED TEA CORP.
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By:
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/s/
Philip Thomas
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Name:
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Philip
Thomas
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Title:
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Chief
Executive Officer
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