1847 Holdings LLC announces pricing of $5.0 million public offering
The public offering consists of 5,000,000 common shares and/or pre-funded warrants in lieu of stock, at a public offering price of $1.00 per common share or pre-funded warrant. The pre-funded warrants are issuable to purchasers in lieu of common stock which would otherwise cause such purchaser’s beneficial ownership to exceed 4.99% (or, at the purchaser’s option, 9.99%) of the Company’s outstanding common stock, if any. That’s how he chooses. Each pre-funded warrant can be exercised at any time to purchase one common share at an exercise price of $0.01 per share. The public offering is expected to close on or about February 13, 2024, subject to customary closing conditions being satisfied.
Spartan Capital Securities, LLC is acting as the sole placement agent in connection with the offering.
The Securities and Exchange Commission (“SEC”) declared a registration statement on Form S-1 relating to these securities effective February 9, 2024. A final prospectus relating to and describing the terms of the offering will be filed with the SEC and be available at The Securities and Exchange Commission website is at http://www.sec.gov. The offering is being made only by means of a prospectus, copies of which may be obtained, when available, from: Spartan Capital Securities, LLC, 45 Broadway, New York, NY 10006, at (212) 293-0123.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Judicial like this.
About 1847 holding
1847 Holdings LLC (NYSE American:EFSH), a publicly traded diversified acquisition holding company, was founded by Ellery W. Roberts, a former partner of Parallel Investment Partners, Saunders Karp & Megrue, and a former principal of Lazard Freres Strategic Realty Investors. 1847 Holdings’ investment thesis is that capital market inefficiency has left founders and/or stakeholders of many small business enterprises or lower middle market companies with limited exit options despite the intrinsic value of their businesses. Given this dynamic, 1847 Holdings can continually acquire companies it considers “well-established” for reasonable multiples of cash flow and then deploy resources to enhance the infrastructure and systems of those companies in order to improve operations. These improvements may result in a sale or initial public offering of an operating subsidiary at valuations higher than the purchase price and/or alternatively, the operating subsidiary may be held in perpetuity and contribute to 1847 Holdings’ ability to pay regular and special dividends to shareholders. For more information, visit www.1847holdings.com.
This press release may contain information about 1847 Holdings’ views of its future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on our management’s beliefs, assumptions and expectations about our future economic performance, taking into account information currently available to it. These statements are not statements of historical fact. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause our actual results, performance or financial condition to differ materially from expectations of future results, performance or financial condition. Our actual results may differ materially from the results discussed in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, the risks set forth in the “Risk Factors” included in our filings with the Securities and Exchange Commission.
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source: 1847 Holdings LLC
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