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.

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