Coffee Holding Co., Inc. Announces Special Meeting Of Stockholders To Vote On Proposed Business Combination With Delta Corp Holdings Limited; Form F-4 Declared Effective
Portfolio Pulse from Benzinga Newsdesk
Coffee Holding Co., Inc. (NASDAQ:JVA) and Delta Corp Holdings Limited announced the SEC's approval of their proposed business combination's registration statement. A special meeting for Coffee Holding's stockholders is scheduled for March 28, 2024, to vote on the merger, which would result in both companies becoming subsidiaries of a new Cayman Islands-based holding company. Coffee Holding's board unanimously recommends approval of the merger.
March 07, 2024 | 2:25 pm
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Coffee Holding Co., Inc. (JVA) is set to vote on a proposed business combination with Delta Corp, aiming to become subsidiaries of a new holding company. The board unanimously recommends approval.
The approval of the merger by Coffee Holding's stockholders could lead to positive market sentiment, as mergers often aim for synergistic benefits, potentially improving financial performance and stock valuation in the short term. The unanimous board recommendation may also positively influence investor confidence.
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IMPORTANCE 90
RELEVANCE 100