Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
1847 Holdings LLC incurred loan of $604,000 with two accredited investors at 12% per annum maturing February 3, 2024.
- Instrument
- loan
- Principal
- $604,000
- Counterparty
- two accredited investors
- Rate
- 12% per annum
- Maturity
- February 3, 2024
- Event
- incurrence
Exact text from the filing
the Company issued to the Purchasers (i) promissory notes in the aggregate principal amount of $604,000
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
1847 Holdings LLC entered into Purchase Agreements with two accredited investors valued at total purchase price of $543,600 (effective 2022-02-03).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- two accredited investors
- Value
- total purchase price of $543,600
- Effective
- 2022-02-03
Exact text from the filing
On February 3, 2022, 1847 Holdings LLC (the “ Company ”) entered into securities purchase agreements (the “ Purchase Agreements ”) with two accredited investors (the “ Purchasers ”), pursuant to which the Company issued to the Purchasers (i) promissory notes in the aggregate principal amount of $604,000, which include an original issue discount in the amount of $60,400 (the “ Notes ”), (ii) five-year warrants for the purchase of an aggregate of 125,833 common shares of the Company at an exercise price of $4.20 per share (subject to adjustment), which may be exercised on a cashless basis if the market price of the common shares is greater than the exercise price (the “ Warrants ”), and (iii) an aggregate of 125,833 common shares (the “ Shares ”) for a total purchase price of $543,600.
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