1847 Holdings closes $11.1M public offering of units with warrants at $1.26/unit

1847 Holdings LLC

Gross proceeds $11.1M; net ~$9.9M after 8% placement fee, 1% expense allowance, and out-of-pocket costs.
Offering comprised of 8,809,512 units; each unit = 1 common share (or pre-funded warrant at $0.01) + Series A warrant ($1.90) + Series B warrant ($2.52), 5-year term.
Pre-funded warrants exercisable at $0.01/share with 4.99-9.99% beneficial ownership cap; Series A warrants have cashless exercise at 2.0x.
Series A and B warrants contain reset provisions on exercise price upon future reverse split (floor $0.10) and anti-dilution adjustments.
Spartan Capital Securities acted as sole placement agent; closing occurred on October 30, 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.