secwatch.observer — SEC 8-K summary
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Issuer:     1847 Holdings LLC (LBRA)
CIK:        0001599407
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001213900-23-015036
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 $790K via 12% note with Mast Hill Fund; warrants issued
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- Issued $878,000 promissory note (net $790,200 after OID) to Mast Hill Fund, L.P., bearing 12% interest, maturing Feb 22, 2024.
- Monthly payments of ~$87,800 plus accrued interest begin May 22, 2023; prepayment allowed with $750 fee.
- Issued five-year warrants: 182,917 shares at $4.20 and 198,343 shares at $0.01 per share.
- Note convertible upon default at lower of $4.20 or 80% of 5-day VWAP (floor $0.03); warrants have price-based anti-dilution adjustments.
- Company must hold shareholder meeting within 90 days to approve issuance; max 930,661 shares (19.99% of outstanding) issuable before approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599407/000121390023015036/0001213900-23-015036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599407/000121390023015036/ea174349-8k_1847hold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-015036

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