1847 Holdings eliminates $4.2M debt via foreclosure sale of ICU Eyewear assets

1847 Holdings LLC

Lender private sale of ICU Eyewear assets to ICU Eyecare Solutions for $4.25M cash on August 5, 2024.
1847 Holdings entered a 5-year non-compete agreement covering eyewear products and accessories.
Approximately $4.2M of debt removed from the company's balance sheet as a result of the sale.
CEO Ellery Roberts says divestiture strengthens financial position and enables focus on core operations.

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