secwatch.observer — SEC 8-K summary
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Issuer:     1847 Holdings LLC (LBRA)
CIK:        0001599407
Form:       8-K
Filed at:   2024-12-18T23:59:59+00:00
Accession:  0001213900-24-110185
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

1847 Holdings closes $18.75M acquisition of CMD Companies; raises ~$11.4M in unit offering
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599407/000121390024110185/0001213900-24-110185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599407/000121390024110185/ea0225178-8k_1847hold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-110185

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer