Bulker, tanker and bunkering company Delta Corp is set to list on the US Nasdaq following a merger with listed company Coffee Holding.

The deal will see the two companies become wholly owned subsidiaries of a newly created holding company incorporated under the laws of the Cayman Islands, Delta Corp Holdings Limited.

Following the closing of the transactions, which is expected to take place in the first quarter of 2023, the combined company expects to trade on Nasdaq under the ticker symbol DLOG.