Delta Apparel to sell Salt Life amid bankruptcy, stock exchange delisting [Yahoo! Finance]
Delta Apparel, Inc. (DLA)
NASDAQ:AMEX Investor Relations:
deltaapparelinc.com/investors/stock-information/default.aspx
Company Research
Source: Yahoo! Finance
Earlier that day Seeking Alpha announced the company's shares had fallen by a third (33%) in premarket trading to $0.39 following its bankruptcy and noted its "apparel stock once traded in the $30s". On 30 June Delta Apparel and its domestic direct and indirect subsidiaries, including its Salt Life Beverage and Salt Life brands, filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. Prior to its Chapter 11 filing, it entered into an asset purchase Agreement with FCM Saltwater Holdings, Inc., to acquire the marketing, sourcing, licensing, and selling of its Salt Life branded products for a total purchase price of approximately $28.03m in cash. The purchase price is subject to adjustment after closing of the Salt Life transaction based on final net accounts receivable and certain inventory calculations. Upon bankruptcy court approval FCM Saltwater Holdings, Inc., is expected to be desig
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DLA
News
- Guess Inc. Secures 100 Million Euro Expansion of Credit Facility [Yahoo! Finance]Yahoo! Finance
- NYSE American to Commence Delisting Proceedings Against Delta Apparel, Inc. (DLA) [Yahoo! Finance]Yahoo! Finance
- Soffe, Salt Life Clothing Seller Files for Chapter 11 Bankruptcy [Yahoo! Finance]Yahoo! Finance
- Soffe, Salt Life Clothing Seller Files for Chapter 11 Bankruptcy [BNN Bloomberg (Canada)]BNN Bloomberg
- Delta Apparel slides after filing for bankruptcy [Seeking Alpha]Seeking Alpha
DLA
Earnings
- 2/12/24 - Miss
DLA
Sec Filings
- 7/1/24 - Form 8-K
- 6/18/24 - Form 8-K
- 6/17/24 - Form 8-K
- DLA's page on the SEC website