{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-029899","form_type":"8-K","ticker":null,"cik":"0001101396","company_name":"DELTA APPAREL, INC","filed_at":"2024-09-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.179202+00:00","generated_at":"2026-05-31T01:59:38.960026+00:00","sec_items":["1.01","1.02","2.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Delta Apparel sells Salt Life brand for ~$35.9M, Soffe brand for ~$15.3M in Chapter 11","bullets":["Salt Life assets sold to Iconix International & Hilco Merchant Resources for $35.94M cash, closed Sep 19, 2024.","Soffe assets sold to Renfro LLC for $15.3M cash, closed Sep 20, 2024.","Prior FCM Saltwater Agreement terminated; company owes break-up fee of ~$841K and expense reimbursement up to ~$420K.","Company warns common stockholders will likely experience complete or significant loss on their investment."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-029899","json":"https://secwatch.observer/filing/0001437749-24-029899.json","markdown":"https://secwatch.observer/filing/0001437749-24-029899.md","text":"https://secwatch.observer/filing/0001437749-24-029899.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1101396/000143774924029899/0001437749-24-029899-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1101396/000143774924029899/dla20240923_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T01:59:38.960026+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"999db50bea11c10d7e83808551e7b7a292366795","claim":"DELTA APPAREL, INC completed a disposition involving Iconix International, Inc. and Hilco Merchant Resources, LLC for approximately $35.94 million in cash (closed 2024-09-19).","evidence_excerpt":"and such acquisition of the Salt Life Assets and assumption of the Salt Life Liabilities together, the “Salt Life Transaction”), for a total purchase price of approximately $35.94 million in cash (the “Salt Life Purchase Price”). The Salt Life Purchase Price is subject to adjustment after closing of the Salt Life Transaction based on final net accounts receivable","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1101396/000143774924029899/0001437749-24-029899-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Iconix International, Inc. and Hilco Merchant Resources, LLC"},{"label":"Consideration","value":"approximately $35.94 million in cash"},{"label":"Closing","value":"2024-09-19"}],"fact_type":"ma_transaction"},{"claim_id":"e1ad603f08a2893454650e923f4a2628dbaae0d6","claim":"DELTA APPAREL, INC completed a disposition involving Renfro LLC for approximately $15.3 million in cash (closed 2024-09-20).","evidence_excerpt":"Liabilities” and such acquisition of the Soffe Assets and assumption of the Soffe Liabilities together, the “Soffe Transaction”), for a total purchase price of approximately $15.3 million in cash (the “Soffe Purchase Price”), plus the payment of certain expenses. The closing of the Soffe Transaction occurred on September 20, 2024. The foregoing summaries of the","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1101396/000143774924029899/0001437749-24-029899-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Renfro LLC"},{"label":"Consideration","value":"approximately $15.3 million in cash"},{"label":"Closing","value":"2024-09-20"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}