secwatch.observer — SEC 8-K summary
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Issuer:     1847 Holdings LLC (LBRA)
CIK:        0001599407
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001213900-23-065726
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.04, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

1847 Holdings defaults on $4.0M in convertible notes to Mast Hill and Leonite
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- Notice of Default on Feb 3 notes ($104K Mast Hill, $500K Leonite) for missed payments; 60-day forbearance on cash payment and acceleration.
- Notice of Default on Feb 9 notes ($1.39M Mast Hill, $1.17M Leonite) for missed payments; similar 60-day forbearance.
- Notice of Default on Feb 22 note ($878K Mast Hill) for missed payments; 60-day forbearance.
- Due to defaults, lenders have the right to convert notes into common shares, potentially diluting existing equity.
- Appointed Michele A. Chow-Tai as independent director, effective Aug 4; annual fee $35K cash + $35K equity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599407/000121390023065726/0001213900-23-065726-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599407/000121390023065726/ea183278-8k_1847hold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-065726

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