secwatch.observer — SEC 8-K summary
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Issuer:     1847 Holdings LLC (LBRA)
CIK:        0001599407
Form:       8-K
Filed at:   2023-08-31T23:59:59+00:00
Accession:  0001213900-23-072497
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599407/000121390023072497/0001213900-23-072497-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599407/000121390023072497/ea184500-8k_1847hold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-072497

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