1847 Holdings closes $1.869M public offering of common shares and pre-funded warrants

1847 Holdings LLC

Gross proceeds of $1.869M; net proceeds ~$1.494M after placement agent fees and expenses.
Issued 4.845M common shares and 4.500M pre-funded warrants at $0.20/share and $0.19/warrant, respectively.
Pre-funded warrants are exercisable at $0.01/share, pre-paid in full; holder cannot exceed 4.99% beneficial ownership.
Proceeds to be used for working capital and general corporate purposes, including support for subsidiary growth.
Spartan Capital Securities acted as placement agent receiving an 8% cash fee.

item 1.01 item 8.01 item 9.01

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 Purchase Agreement with certain purchasers valued at $1,869,000 (effective 2023-07-03).

Action: entry
Agreement: equity purchase
Counterparty: certain purchasers
Value: $1,869,000
Effective: 2023-07-03

Exact text from the filing

On July 3, 2023, 1847 Holdings LLC (the “ Company ”) entered into a securities purchase agreement (the “ Purchase Agreement ”) with certain purchasers (the “ Purchasers ”)

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

1847 Holdings LLC entered into Placement Agreement with Spartan Capital Securities, LLC (effective 2023-07-03).

Action: entry
Agreement: underwriting
Counterparty: Spartan Capital Securities, LLC
Effective: 2023-07-03

Exact text from the filing

nd a placement agency agreement (the “ Placement Agreement ”) with Spartan Capital Securities, LLC, as placement agent (the “ Placement Agent ”), relating to the Company’s public offering of common shares and pre-funded warrants (the

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

1847 Holdings LLC entered into Warrant Agreement with VStock Transfer, LLC (effective 2023-07-06).

Action: entry
Counterparty: VStock Transfer, LLC
Effective: 2023-07-06

Exact text from the filing

The terms of the pre-funded warrants are set forth in a warrant agency agreement, dated July 6, 2023 (the “ Warrant Agreement ”), between the Company and VStock Transfer, LLC, the Company’s transfer agent

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1847 Holdings LLC filing history →

Source: SEC EDGAR

accession 0001213900-23-055862

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