COFFEE HOLDING CO., INC. ANNOUNCES SPECIAL MEETING OF STOCKHOLDERS TO VOTE ON PROPOSED BUSINESS COMBINATION WITH DELTA CORP HOLDINGS LIMITED; FORM F-4 DECLARED EFFECTIVE

STATEN ISLAND, N.Y., March 07, 2024 (GLOBE NEWSWIRE) -- Coffee Holding Co., Inc. (Nasdaq:JVA) (“Coffee Holding” or the “Company”), a publicly traded integrated wholesale coffee roaster and dealer located in the United States, and Delta Corp Holdings Limited (“Delta”), a fully integrated global business engaged in logistics, fuel supply and asset management primarily servicing the international supply chains, today jointly announced that the registration statement on Form F-4 relating to their proposed business combination was declared effective by the Securities and Exchange Commission (“SEC”) on March 6, 2024. Coffee Holding will hold a special meeting at 12:00 p.m., Eastern Time, on Thursday, March 28, 2024, for consideration and voting on the approval of the business combination and its merger and share exchange agreement, dated September 29, 2022, as amended (the “definitive agreement”), and related proposals described in the registration statement’s proxy statement/prospectus. As previously announced, the proposed business combination provides that Coffee Holding and Delta will each become wholly owned subsidiaries of a newly created holding company incorporated under the laws of the Cayman Islands (“Pubco”).

Coffee Holding’s board of directors unanimously recommends that Coffee Holding stockholders vote “FOR” all of the proposals to be voted upon at the special meeting, including approval of the proposed business combination and definitive agreement.

Coffee Holding stockholders of record at the close of business on February 20, 2024 will be entitled to vote at the special meeting. Coffee Holding will commence mailing the definitive proxy statement/prospectus and related materials to its stockholders of record on or about March 7, 2024.

The registration statement on Form F-4 of Pubco, declared effective by the SEC on March 6, 2024, serves as both a proxy statement of Coffee Holdings (for the meeting of Coffee Holding stockholders) and as a prospectus (registering Pubco shares to be issued to Coffee Holding stockholders under the definitive agreement). A copy of the registration statement and its definitive proxy statement/prospectus is accessible on the SEC's website at www.sec.gov.

Coffee Holding stockholders who need assistance in completing the proxy card, need additional copies of the proxy materials or have questions regarding the special meeting may contact Coffee Holding’s proxy solicitor, Alliance Advisors, LLC, by calling toll-free at 833-945-2702.