Coffee Holding Co. (JVA) drops 9.1% premarket after announcing a $9.3M stock offering. The...

|About: Coffee Holding Co., Inc (JVA)|By:, SA News Editor

Coffee Holding Co. (JVA) drops 9.1% premarket after announcing a $9.3M stock offering. The offering will feature 890K shares at a purchase price of $10.40, below yesterday's closing price of $11.82, along with warrants to buy additional shares at $13.59. Company execs plan to sell up to 200K shares at $9.92 in a separate offering.