Delta Corp Holdings Limited Advances Merger And Share Exchange With Coffee Holding Co., Inc. With Filing Of Registration Statement
Portfolio Pulse from Benzinga Newsdesk
Coffee Holding Co., Inc. (NASDAQ:JVA) and Delta Corp Holdings Limited have jointly announced the filing with the U.S. Securities and Exchange Commission of a registration statement on Form F-4 by Delta Corp Holdings Limited, a newly created holding company. This is in line with the previously announced merger and share exchange agreement, where both companies will become wholly owned subsidiaries of the new holding company. The closing of the transactions is subject to certain conditions, including the approval of the stockholders of Coffee Holding and the listing of the ordinary shares of the new holding company on the Nasdaq Stock Market.
September 28, 2023 | 12:06 pm
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Coffee Holding Co., Inc. is advancing its merger with Delta Corp Holdings Limited. The completion of the merger is subject to certain conditions, including the approval of Coffee Holding's stockholders and the listing of the new holding company's shares on the Nasdaq Stock Market.
The news directly pertains to Coffee Holding Co., Inc. as it is one of the companies involved in the merger. The impact on the stock price is uncertain in the short term as it depends on the approval of the stockholders and the listing of the new holding company's shares on the Nasdaq Stock Market. However, the merger could potentially lead to increased market presence and operational efficiencies in the long term.
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