secwatch.observer — SEC 8-K summary
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Issuer:     COFFEE HOLDING CO INC (JVA)
CIK:        0001007019
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001493152-23-039350
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coffee Holding receives Nasdaq bid-price deficiency notice; outlines merger progress and 2024 outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007019/000149315223039350/0001493152-23-039350-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007019/000149315223039350/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-039350

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