1847 Holdings closes $5M public offering of shares and pre-funded warrants

1847 Holdings LLC

Gross proceeds $5M from 1.83M common shares and 3.17M pre-funded warrants at $1.00/share and $0.99/warrant.
Net proceeds ~$4.46M after 8% placement agent fee and expenses.
$1.25M used to repay debt; remainder for working capital and general corporate purposes.
Placement agent: Spartan Capital Securities.
Pre-funded warrants exercisable at $0.01/share, subject to 4.99% beneficial ownership cap.

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 certain purchasers valued at Aggregate consideration of $5,000,000 in gross proceeds for 1,825,937 common shares and 3,174,063 pr (effective 2024-02-09).

Action: entry
Agreement: equity purchase
Counterparty: certain purchasers
Value: Aggregate consideration of $5,000,000 in gross proceeds for 1,825,937 common shares and 3,174,063 pr
Effective: 2024-02-09

Exact text from the filing

On February 9, 2024, 1847 Holdings LLC (the “ Company ”) entered into a securities purchase agreement (the “ Purchase Agreement ”) with certain purchasers (the “ Purchasers ”) and 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 “ Offering ”).

View on SEC.gov

Browse all material agreements →

1847 Holdings LLC filing history →

Source: SEC EDGAR

accession 0001213900-24-014622

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.