secwatch.observer — SEC 8-K summary
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Issuer:     1847 Holdings LLC (LBRA)
CIK:        0001599407
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0001213900-22-045455
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

1847 Holdings raises $5.2M net in public offering, converts $5.4M debt/liabilities to equity, expands board to 7
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- Public offering of 1,428,572 shares at $4.20/share; gross proceeds $6M, net ~$5.2M; reps' warrants for 71,430 shares at $5.25.
- Converted $3.36M of subordinated notes held by Parkey and Garcia-Rendon into 800,000 common shares.
- Converted $797,221 promissory note from Mallatt into 189,815 shares; $1.197M accounts payable from Bevilacqua PLLC into 285,067 shares.
- Board expanded from 3 to 7; appointed Clark R. Crosnoe, Tracy S. Harris, Glyn C. Milburn, and Lawrence X. Taylor as independent directors.
- Each new director receives $35k annual fee plus $35k equity grant; indemnification agreements executed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599407/000121390022045455/0001213900-22-045455-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599407/000121390022045455/ea163965-8k_1847hold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-045455

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer