---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-010499"
form_type: "8-K"
ticker: "LBRA"
cik: "0001599407"
company_name: "1847 Holdings LLC"
filed_at: "2023-02-13T23:59:59+00:00"
generated_at: "2026-06-19T16:04:07.345960+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# 1847 Holdings closes acquisition of ICU Eyewear for $4M cash plus $500K notes

## Summary
- Merger completed Feb 9, 2023; consideration: $4M cash (net of debt/expenses) and $500K in 6% subordinated promissory notes due Feb 2024.
- Entered $5M revolving loan with GemCap; initial $2.06M advance used to repay ICU debt and fees; interest at Prime+8% or 15% floor.
- Issued $2.56M in 12% notes and warrants to two accredited investors; net proceeds of $2.3M used for purchase price; monthly payments start May 2023.
- Management services agreement with 1847 Partners LLC: quarterly fee of greater of $75K or 2% of adjusted net assets, subject to caps.
- Financial statements of ICU Eyewear to be filed by amendment within 71 days.

## SEC filing metadata
- accession: 0001213900-23-010499
- form_type: 8-K
- ticker: LBRA
- cik: 0001599407
- company_name: 1847 Holdings LLC
- filed_at: 2023-02-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1599407/000121390023010499/0001213900-23-010499-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1599407/000121390023010499/ea173299-8k_1847hold.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-010499
- JSON: https://secwatch.observer/filing/0001213900-23-010499.json
- Plain text: https://secwatch.observer/filing/0001213900-23-010499.txt

## Key facts
- M&A Transactions
  1847 Holdings LLC completed an acquisition involving ICU Eyewear Holdings Inc. for $4,000,000 in cash and $500,000 in promissory notes (closed 2023-02-09).
  - Action: acquisition
  - Counterparty: ICU Eyewear Holdings Inc.
  - Consideration: $4,000,000 in cash and $500,000 in promissory notes
  - Closing: 2023-02-09
  source text: as a wholly owned subsidiary of 1847 ICU (the “ Merger ”). The merger consideration paid by 1847 ICU to the stockholders of ICU Eyewear (the “ Stockholders ”) consists of (i) $4,000,000 in cash, minus any unpaid debt of ICU Eyewear and certain transaction expenses, and (ii) 6% subordinated promissory notes in the aggregate principal amount of $500,000 (the “
  evidence_url: https://www.sec.gov/Archives/edgar/data/1599407/000121390023010499/0001213900-23-010499-index.htm
- Material Agreements
  1847 Holdings LLC amended First Amendment to Agreement and Plan of Merger with ICU Eyewear Holdings Inc. and San Francisco Equity Partners (effective 2023-02-09).
  - Action: amendment
  - Agreement: merger
  - Counterparty: ICU Eyewear Holdings Inc. and San Francisco Equity Partners
  - Effective: 2023-02-09
  source text: On February 9, 2023, the parties entered into a first amendment to agreement and plan of merger to amend certain terms of the agreement and plan of merger.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1599407/000121390023010499/0001213900-23-010499-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.