Bulker operator and logistics group Delta Corp has told TradeWinds it still plans to go public.

The news follows the failure of its reverse merger with Coffee Holding, a Nasdaq-listed coffee roasting company, almost two years after the agreement for the transaction was signed.

Delta chief executive Mudit Paliwal blamed the breakdown on a vote in April by Coffee Holding shareholders, which he said failed to stir a sufficient base of support for the potential business combination.