secwatch.observer — SEC 8-K summary
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Issuer:     1847 Holdings LLC (LBRA)
CIK:        0001599407
Form:       8-K
Filed at:   2024-08-23T23:59:59+00:00
Accession:  0001213900-24-072232
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599407/000121390024072232/0001213900-24-072232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599407/000121390024072232/ea0212283-8k_1847hold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-072232

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