Delta Apparel Inc. filed a shelf registration statement with the Securities and Exchange Commission to sell up to $150 million of a variety of its securities over the next three years.
The securities 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 the company additional flexibility to finance future business opportunities by accessing the capital markets on a timely and cost-effective basis. The company currently 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, commented, “We believe the universal shelf registration statement continues to give us optimal financial flexibility for general corporate purposes and streamlines the offering process in the event we identify strategic opportunities that may require additional capital.”