1847 Holdings LLC (LBRA): Nasdaq/NYSE listing notice — 1847 Holdings receives NYSE American delisting notice due to low share price; plans 1-for-25 reverse split

1847 Holdings LLC

NYSE American notified 1847 on Aug 31, 2023 that common shares failed minimum price (30-day avg < $0.20).
Company must cure by Feb 29, 2024; accelerated delisting possible if price remains abnormally low.
To resolve, 1847 will effect 1-for-25 reverse stock split effective Sept 11, 2023; ticker remains EFSH.
Reverse split increases per-share price; business operations and SEC reporting unaffected.
NYSE American may take accelerated delisting action before cure period ends if price is abnormally low.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

1847 Holdings LLC received a nyse_american deficiency notice notice regarding market value (rules 1003(f)(v)).

Exchange: nyse american
Notice: deficiency notice
Deficiency: market value
Rules: 1003(f)(v)

Exact text from the filing

August 31, 2023, 1847 Holdings LLC (the “Company”) received written notice (the “Notice”) from the NYSE American LLC (the “NYSE American”) stating that it is not in compliance with the continued listing standard set forth in Section 1003(f)(v) of the NYSE American Company Guide (the “Company Guide”) because the Company’s common shares were selling for a substantial period of time at a low price per share, which NYSE American determined to be a 30-trading day average of less than $0.20 per share. The Notice stated that the Company’s continued listing is predicated on it effecting a reverse spli

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1847 Holdings LLC filing history →

Source: SEC EDGAR

accession 0001213900-23-073550

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