Coffee Holding terminates merger with Delta Corp; moves forward as independent company

COFFEE HOLDING CO INC

Terminated Merger Agreement with Delta Corp Holdings Limited, originally announced Sept 2022; no early termination penalties.
Shareholder vote to approve merger in April 2024 was unsuccessful; board elected to terminate.
Extending credit agreement with Webster Bank to address going concern; CEO cites renewed growth strategy.
Secured production agreements with largest Northeast retailer and two-year deal with major U.S. national retail chain.
Recent quarterly loss of $0.02 per share improved from Q2 FY2023; expects price increases to offset London Robusta surge.

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