---
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"
generated_at: "2026-05-31T01:59:38.960026+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Delta Apparel sells Salt Life brand for ~$35.9M, Soffe brand for ~$15.3M in Chapter 11

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-029899
- form_type: 8-K
- cik: 0001101396
- company_name: DELTA APPAREL, INC
- filed_at: 2024-09-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-029899
- JSON: https://secwatch.observer/filing/0001437749-24-029899.json
- Plain text: https://secwatch.observer/filing/0001437749-24-029899.txt

## Key facts
- M&A Transactions
  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).
  - Action: disposition
  - Counterparty: Iconix International, Inc. and Hilco Merchant Resources, LLC
  - Consideration: approximately $35.94 million in cash
  - Closing: 2024-09-19
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1101396/000143774924029899/0001437749-24-029899-index.htm
- M&A Transactions
  DELTA APPAREL, INC completed a disposition involving Renfro LLC for approximately $15.3 million in cash (closed 2024-09-20).
  - Action: disposition
  - Counterparty: Renfro LLC
  - Consideration: approximately $15.3 million in cash
  - Closing: 2024-09-20
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1101396/000143774924029899/0001437749-24-029899-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.