Business
Delta Corp Holdings Limited Advances Merger and Share Exchange with Coffee Holding Co., Inc. with Confidential Submission of Registration Statement
Staten Island, NY and London, United Kingdom, April 17, 2023 (GLOBE NEWSWIRE) -- Coffee Holding Co., Inc. (NASDAQ: JVA) (“Coffee Holding”), a publicly traded
About this update from Coffee Holding Co., Inc.
[{"type":"text","content":"Staten Island, NY and London, United Kingdom, April 17, 2023 (GLOBE NEWSWIRE) -- Coffee Holding Co., Inc. (NASDAQ: JVA) (“Coffee Holding”), a publicly traded integrated wholesale coffee roaster and dealer located in the United States, and Delta Corp Holdings Limited (“Delta”), a privately held holding company engaged in logistics, fuel supply and asset management related services, primarily servicing the international supply chains of commodity, energy and capital goods producers, announced the confidential submission with the U.S. Securities and Exchange Commission (“SEC”) of a draft registration statement on Form F-4. As previously announced, on September 30, 2022, Coffee Holding entered into a merger and share exchange agreement (the “definitive agreement”), dated September 29, 2022, with Delta, whereby Coffee Holding and Delta will each become wholly owned subsidiaries of Delta Corp Holdings Limited, a newly created holding company incorporated under the laws of the Cayman Islands (“Pubco”). The closing of the transactions contemplated by the definitive agreement is subject to certain conditions, including, without limitation, the approval of the stockholders of Coffee Holding and the approval of the listing of the ordinary shares of Pubco on the Nasdaq Stock Market. Delta shareholders will become the majority shareholders of Pubco following these transactions. About Coffee Holding Founded in 1971, Coffee Holding is a leading integrated wholesale coffee roaster and dealer in the United States and one of the few coffee companies that offers a broad array of coffee products across the entire spectrum of consumer tastes, preferences and price points. Coffee Holding’s product offerings consist of eight proprietary brands, each targeting a different segment of the consumer coffee market as well as roasting and blending coffees for major wholesalers and retailers throughout the United States who want to have products under their own names to compete with national brands. In addition to selling roasted coffee, Coffee Holding also imports green coffee beans from around the world which it resells to smaller regional roasters and coffee shops throughout the United States and Canada. About Delta Delta is a fully integrated global business engaged in logistics, fuel supply and asset management related services, primarily servicing the i...