1847 Holdings sells High Mountain Door & Trim for $17M cash; proceeds repay debt

1847 Holdings LLC

Closed sale of HMDT to BFS Group LLC on Sept 30, 2024 for $17M cash; $1.7M held back for post-closing adjustments.
Net proceeds used to repay $5.82M to Altimir, $2.82M to Beaman, $1.1M to Breadcrumbs, and $3.21M in subordinated notes.
Also disclosed ICU Eyewear asset sale for $4.25M on Aug 5, 2024, and Asien's assignment for benefit of creditors.
Pro forma net gain on dispositions of ~$9.7M for H1 2024; pro forma net loss attributable to 1847 Holdings of $5.5M for same period.
Company retains ICU foreclosure liability guarantee; combined asset sales streamline operations.

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