---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-072232"
form_type: "8-K"
ticker: "LBRA"
cik: "0001599407"
company_name: "1847 Holdings LLC"
filed_at: "2024-08-23T23:59:59+00:00"
generated_at: "2026-05-31T07:51:03.093442+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# 1847 Holdings settles dispute by issuing 83,603 Series C convertible preferred shares for $831K debt forgiveness

## Summary
- Issued 83,603 Series C senior convertible preferred shares (stated value $10/share) to Wilhelmsen Family Trust in settlement of $831,027 promissory note.
- Shares carry 6% cumulative annual dividend, convertible at $10/share, no voting rights except on class amendments; conversion capped at 4.99% beneficial ownership.
- Settlement resolves alter ego liability claims related to subsidiary Asien's default on 6% note; trust releases claims and covenants not to sue.
- Shares unregistered, issued under exemption from Section 5 of Securities Act.

## SEC filing metadata
- accession: 0001213900-24-072232
- form_type: 8-K
- ticker: LBRA
- cik: 0001599407
- company_name: 1847 Holdings LLC
- filed_at: 2024-08-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1599407/000121390024072232/0001213900-24-072232-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1599407/000121390024072232/ea0212283-8k_1847hold.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-072232
- JSON: https://secwatch.observer/filing/0001213900-24-072232.json
- Plain text: https://secwatch.observer/filing/0001213900-24-072232.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.