COFFEE HOLDING CO INC (JVA): Nasdaq/NYSE listing notice — Coffee Holding receives Nasdaq bid-price deficiency notice; outlines merger progress and 2024 outlook

COFFEE HOLDING CO INC

Received Nasdaq notice on Oct 30, 2023 for failing $1 minimum bid price; 180 days to regain compliance by April 29, 2024.
CEO expects 18–25% revenue growth in 2024 driven by new large national and regional grocery chains along with improved Café Caribe sales.
Merger with Delta Corp Holdings (revenues >$620M, 400+ employees) on track; proxy mailing by year-end, special meeting Q1 2024.
Challenges include costly divestiture of Generations/Steep division, elevated freight costs, and higher borrowing costs.

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

COFFEE HOLDING CO INC received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

October 30, 2023, Coffee Holding Co., Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with the $1.00 Minimum Bid Price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market (the “Bid Price Requirement”). The Notice does not result in the immediate delisting of the Company’s common stock from The Nasdaq Capital Market. The Bid Price requirement requires listed securities to maintain a minimum bid pric

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COFFEE HOLDING CO INC filing history →

Source: SEC EDGAR

accession 0001493152-23-039350

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