secwatch.observer — SEC 8-K summary
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Issuer:     1847 Holdings LLC (LBRA)
CIK:        0001599407
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001213900-24-043027
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

1847 Holdings raises $500K via 20% OID note, 92,937 warrants at $2.69
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- Principal amount $625K with 20% OID; net proceeds $500K.
- Note due Aug 8, 2024; convertible on default at 90% of 5-day VWAP, floor $0.01.
- Warrants exercisable after 6 months at $2.69 for 5 years; cashless exercise option.
- Registration rights: file by May 31, 2024; effective within 90 days; 1%/mo penalty up to 10%.
- Spartan Capital as placement agent receives 8% warrant at $2.959 exercise price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599407/000121390024043027/0001213900-24-043027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599407/000121390024043027/ea0206119-8k_1847hol.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-043027

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