1847 Holdings subsidiary acquires ICU Eyewear for $4M cash plus $500K notes

1847 Holdings LLC

1847 ICU (subsidiary) agrees to merge with ICU Eyewear; ICU Eyewear will survive as wholly owned.
Total consideration: $4M cash (net of debt/expenses) plus $500K unsecured subordinated promissory notes.
Notes subject to post-closing net working capital adjustment; issued on one-year merger anniversary.
Closing conditions include completion of due diligence, regulatory approvals, financing, and third-party consents.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

1847 Holdings LLC entered into Merger Agreement with ICU Eyewear Holdings Inc. and San Francisco Equity Partners valued at $4,000,000 in cash and $500,000 in promissory notes (effective 2022-12-21).

Action: entry
Agreement: merger
Counterparty: ICU Eyewear Holdings Inc. and San Francisco Equity Partners
Value: $4,000,000 in cash and $500,000 in promissory notes
Effective: 2022-12-21

Exact text from the filing

On December 21, 2022, 1847 ICU Holdings Inc. (“1847 ICU”) and 1847 ICU Acquisition Sub Inc. (“Merger Sub”), both wholly owned subsidiaries of 1847 Holdings LLC (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with ICU Eyewear Holdings Inc. (“ICU Eyewear”) and San Francisco Equity Partners, as the Stockholder Representative.

View on SEC.gov

Browse all material agreements →

1847 Holdings LLC filing history →

Source: SEC EDGAR

accession 0001213900-22-081964

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.