secwatch.observer — SEC 8-K summary
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Issuer:     1847 Holdings LLC (LBRA)
CIK:        0001599407
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001213900-24-092891
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599407/000121390024092891/0001213900-24-092891-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599407/000121390024092891/ea0219270-8k_1847hold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-092891

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