Coffee Holding Co., Inc. Announces $2.5 Million Share Repurchase Program

Coffee Holding Co., Inc. has announced a new share repurchase program approved by its Board of Directors. The program authorizes the company to buy back up to $2.5 million worth of its outstanding common stock. These repurchases will be conducted through open market transactions and privately negotiated deals, depending on market conditions, share price, and other factors. The company plans to finance this program using its available cash reserves and anticipates funding it further with future operational cash flow. The specific timing and volume of repurchases will be determined by the company's assessment of market conditions and other relevant factors. The program may be suspended or discontinued at any time. All repurchases will adhere to SEC regulations and other applicable legal requirements, potentially including a Rule 10b5-1 plan to facilitate stock buybacks.