secwatch.observer — SEC 8-K summary
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Issuer:     COFFEE HOLDING CO INC (JVA)
CIK:        0001007019
Form:       8-K
Filed at:   2022-09-30T23:59:59+00:00
Accession:  0001493152-22-027210
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coffee Holding (JVA) to merge with Delta Corp in $655M deal; JVA holders get 4.79% of Pubco
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- JVA shareholders receive 1 Pubco share per JVA share, valued at $5.50/share (127% premium to JVA's last close).
- Delta's FY2021 revenue $532M, net income $45M; 171% revenue growth and 828% net income growth YoY.
- Earn-out: Delta holders get up to $50M additional Pubco shares if Delta achieves $70M+ net income in FY2023.
- Go-shop period until Oct 19, 2022; JVA board unanimously approved; expected close Q1 2023.
- Combined company to trade on Nasdaq under symbol 'DLOG'; Delta management to lead.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007019/000149315222027210/0001493152-22-027210-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007019/000149315222027210/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-027210

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