Delta Apparel, Duluth, Ga., submitted a Form S-3 with a universal shelf registration to the Securities and Exchange Commission (SEC). The shelf registration, if the SEC deems it effective, would permit Delta Apparel to sell up to $100 million its securities, which may consist of common stock, preferred stock, debt securities, warrants or any combination of those options, through the next three years.
While Delta Apparel has no specific plans to utilize this prospect, it, if approved, would provide Delta Apparel with a cost-effective opportunity.
“We believe the universal shelf registration statement provides us optimal financial flexibility for general corporate purposes,” Robert W. Humphreys, Delta Apparel’s Chairman and CEO, said. “In addition, it streamlines the process in the event we identify strategic opportunities that may require additional capital.”
Delta offers casual and athletic apparel and headwear with operations throughout the United States, El Salvador, Honduras and Mexico.
For more information, visit www.deltaapparel.com.
