1847 Holdings receives non-binding LOI to sell 1847 Cabinets for up to $27M

1847 Holdings LLC

Purchase price up to $27M: cash at closing plus multiyear earnout payable in cash or promissory notes.
Sale is for all or substantially all assets of subsidiary 1847 Cabinets Inc.
Next steps: due diligence, negotiate definitive agreement; expected close within ~90 days of LOI acceptance.
Transaction subject to board consents, third-party approvals, and satisfactory due diligence.
LOI is non-binding; no assurance a definitive agreement will be reached.

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