secwatch.observer — SEC 8-K summary
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Issuer:     1847 Holdings LLC (LBRA)
CIK:        0001599407
Form:       8-K
Filed at:   2024-10-04T23:59:59+00:00
Accession:  0001213900-24-085567
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599407/000121390024085567/0001213900-24-085567-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599407/000121390024085567/ea0216807-8k_1847hold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-085567

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