1847 Holdings LLC (LBRA): M&A transaction — 1847 Holdings closes $18.75M acquisition of CMD Companies; raises ~$11.4M in unit offering

1847 Holdings LLC

Acquired CMD Inc. and CMD Finish Carpentry for $18.75M ($17.75M cash + $1.05M note due Feb 16, 2025).
Funded acquisition via private placement of 42.3M units at $0.27/unit, net proceeds ~$10.25M.
Issued Series A warrants at $0.81/sh and Series B warrants at $0.54/sh, with reset provisions subject to shareholder approval.
Entered into management services agreement with 1847 Partners LLC; quarterly fee greater of $75k or 2% of adjusted net assets.
Will hold special shareholder meeting within 90 days to approve warrant share issuance and price resets.

item 1.01 item 2.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

1847 Holdings LLC completed an acquisition involving The CD Trust for $18,750,000 (closed 2024-12-16).

Action: acquisition
Counterparty: The CD Trust
Consideration: $18,750,000
Closing: 2024-12-16

Exact text from the filing

by the CMD Purchase Agreement was completed. Pursuant to the CMD Purchase Agreement, the Company acquired the CMD Companies for an aggregate purchase price of $18,750,000, consisting of $17,750,000 in cash (subject to adjustments) and $1,000,000 of a promissory note in the principal amount of $1,050,000 (collectively, the “ Purchase Price ”), the

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1847 Holdings LLC filing history →

Source: SEC EDGAR

accession 0001213900-24-110185

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