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As Previously Disclosed, Delta Apparel Continues To Explore Potential Sale Of Its Salt Life Business And Continues To Evaluate All Strategic Options And Alternatives

Author: Benzinga Newsdesk | June 18, 2024 03:22pm

The DTG2Go Exit Plan was approved after evaluating the ongoing market, operational and liquidity challenges discussed above, including the expected impact of the loss of DTG2Go’s largest customer on forecasts of DTG2Go’s current and future years business performance. In addition, the Company’s deteriorating liquidity position and lack of funding has continued to prevent it from purchasing raw materials necessary to operate its manufacturing facilities and to pay compensation and benefits due to employees.

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