Under the shelf registration, upon being declared effective by the SEC, Delta Apparel may offer and sell, from time to time, up to $100 million of a variety of its securities over the next three years, which may consist of common stock, preferred stock, debt securities, warrants or units consisting of any of the foregoing.
The shelf registration statement is intended to give Delta Apparel additional flexibility to finance future business opportunities by accessing the capital markets on a timely and cost-effective basis.
At the present time, the Company has no specific plans to issue securities under the registration statement. The specifics of any future offering, along with the prices and terms of any such securities offered by Delta Apparel, will be determined at the time of any such offering and will be described in detail in a prospectus supplement filed in connection with such offering.
Robert W. Humphreys, Delta Apparel, Inc.’s Chairman and Chief Executive Officer, said the filing was a strategic move intended to provide flexibility. "We believe the universal shelf registration statement provides us optimal financial flexibility for general corporate purposes. In addition, it streamlines the process in the event we identify strategic opportunities that may require additional capital."
About Delta Apparel, Inc.
Delta Apparel, Inc., along with its operating subsidiaries, M. J. Soffe, LLC, Junkfood Clothing Company, To The Game, LLC and Art Gun, LLC, is an international design, marketing, manufacturing, and sourcing company that features a diverse portfolio of lifestyle basic and branded activewear apparel and headwear. The Company specializes in selling casual and athletic products across distribution tiers, including specialty stores, boutiques, department stores, mid-tier and mass chains, college bookstores and the U.S. military.
Textiles | On 28th Jun 2017
The Clothing Manufacturers Association of India (CMAI) will host over ...
Textiles | On 27th Jun 2017
E-commerce players in India will not be required to deduct tax on...
Apparel/Garments | On 27th Jun 2017
Future Group, which runs retail stores across India under various...
Sanjay Desai & Ashish Mulani
Digital textile printing will be the technology of the future
'In export markets, the trend in terms of embroidery, is towards matte...
Peak to Plateau
People are willing to pay for quality and performance
Schlegel und Partner
Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...
Nature Works LLC
Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...
Swerea IVF AB
Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...
Label Ritu Kumar
‘Classics will return’ "There are a lot of people wearing western clothes ...
Occasions Elegance Wear
It is believed that by early 19th century, Varanasi weavers had moved away ...
Bani Batra’s couture wedding collection is inspired by traditional Indian...