secwatch.observer — SEC 8-K summary
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Issuer:     1847 Holdings LLC (LBRA)
CIK:        0001599407
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0001213900-23-009818
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

1847 Holdings raises $543,600 via 12% promissory notes with warrants and shares
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- Issued $604,000 aggregate principal notes (12% interest, due Feb 2024) to two accredited investors for $543,600 net.
- Issued five-year warrants for 125,833 common shares at $4.20/share; cashless exercise if market price exceeds exercise price.
- Issued 125,833 common shares as commitment fee; notes require monthly payments of $60,400 starting May 3, 2023.
- Notes are unsecured, senior to other unsecured debt; convertible upon default at formula price (minimum $0.03).
- Transaction includes piggy-back registration rights and ownership limitation at 4.99% for holders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599407/000121390023009818/0001213900-23-009818-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599407/000121390023009818/ea173104-8k_1847hold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-009818

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