1847 Holdings to acquire Master Cutlery with $20M+ revenue, no equity issued

1847 Holdings LLC

Purchase price: $1.00 plus up to $4.5M in assumed debt and transaction expenses.
Master Cutlery had unaudited revenue >$20M and positive EBITDA in 2022; supplies knives with 17 brands and 2,600+ SKUs.
Acquisition funded without issuing common stock or dilutive equity; expected close before end of Q3 2023.
CEO notes convertible note restructuring underway; potential future dividends and stock buybacks.
Egan-Jones affirmed BB+ rating on 1847's senior credit facility; CEO has been buying shares in open market.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

1847 Holdings LLC entered into Securities Purchase Agreement with MC Parent, LLC and certain other parties set forth in the Agreement (each a "Seller") valued at $4,500,000 (effective 2023-08-28).

Action: entry
Agreement: asset purchase
Counterparty: MC Parent, LLC and certain other parties set forth in the Agreement (each a "Seller")
Value: $4,500,000
Effective: 2023-08-28

Exact text from the filing

On August 28, 2023, 1847 Holdings LLC, a Delaware limited liability company (the “Company”) entered into a Securities Purchase Agreement (the “Agreement”) with MC Parent, LLC, a Delaware limited liability company (“Master Cutlery”) and certain other parties set forth in the Agreement (each a “Seller”).

View on SEC.gov

Browse all material agreements →

1847 Holdings LLC filing history →

Source: SEC EDGAR

accession 0001213900-23-072497

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.