Eric Vandam
On August 16, 2024, the board of directors of 1847 Holdings LLC (the “Company”) appointed Eric Vandam as Chief Operating Officer of the Company.
Highest-materiality recent filing
1847 Holdings Q1 loss widens; signs LOI to sell CMD for $65M cash (3x cost)
Continuing ops revenue $1.2M, down from $2.8M YoY; total operating expenses down 53% to $2.0M.
1847 Holdings reports 207% revenue growth to $48.3M; net income of $66.5M vs prior-year loss
FY 2025 revenue $48.3M (up 207% YoY); gross profit $23.9M (up 208%).
1847 Holdings Q3 revenue $13.6M (+256% YoY), returns to profitability
Revenue $13.6M (+256% YoY), gross profit $6.7M (+180%).
1847 Holdings transitions to OTCQB after NYSE American delisting; reaffirms 2025 revenue >$45M
NYSE American Panel upheld delisting on July 1, 2025; trading suspended since April 3, 2025.
1847 Holdings hearing on NYSE American delisting rescheduled to June 12
NYSE American commenced delisting proceedings on April 3, 2025 due to low share price; company requested review.
1847 Holdings Q1 revenue up 384% to $10.1M; net loss narrows by $10.4M
Revenue $10.1M vs $2.1M in Q1 2024; gross profit $5.2M (up 478%) with margin 51.7%.
1847 Holdings delisting hearing set for June 5, 2025; trading suspended
NYSE American notified 1847 Holdings on April 3, 2025 of delisting determination under Section 1003(f)(v) due to low share price.
NYSE American initiates delisting of 1847 Holdings; trading suspended pending review
NYSE American notified 1847 on April 3, 2025 of delisting due to low share price under Section 1003(f)(v).
Exchanged 439,642 remaining Series A warrants and 386,696 exercised common shares for 1,027 Series F convertible preferred shares.
1847 Holdings reports 10.7% revenue growth to $15.7M, guides to $45M+ revenue in 2025
FY 2024 revenue $15.7M, up 10.7% YoY; gross profit $7.8M, up 18.6%; gross margin 49.5% vs 46.2%.
1847 Holdings shareholders approve 4x increase in authorized shares to 2 billion, expand equity plan
Authorized common shares raised from 500M to 2,000,000,000 via Amendment No. 4.
1847 Holdings acquires CMD Companies; acquired firm had $27.1M revenue, $5.8M net income in 2023
Acquired CMD Inc. and CMD Finish Carpentry LLC on Dec 16, 2024 via subsidiary 1847 CMD Inc.
1847 Holdings reveals third-party interest in acquiring subsidiary CMD Inc.
Third-party expressed interest in possible acquisition of CMD Inc., a Las Vegas-based cabinetry, millwork, and door manufacturer.
1847 Holdings declares series E preferred stock dividend with 1M votes per share
One series E preferred share per outstanding common share; record date Jan 10, 2025.
Director Tracy S. Harris resigns from 1847 Holdings Board
Tracy S. Harris resigned as a director on December 16, 2024.
1847 Holdings closes $18.75M acquisition of CMD Companies; raises ~$11.4M in unit offering
Acquired CMD Inc. and CMD Finish Carpentry for $18.75M ($17.75M cash + $1.05M note due Feb 16, 2025).
1847 Holdings Q3 net loss $5.6M; signs $18.75M acquisition target with $10.4M net income
Q3 2024 revenue $4.76M vs $4.68M YoY; operating loss widened to $3.41M from $1.21M.
1847 Holdings subsidiary agrees to acquire CMD Companies for $18.75M cash
1847 CMD Inc., a wholly owned subsidiary, will buy all stock and membership interests of CMD Inc. and CMD Finish Carpentry LLC.
1847 Holdings closes $11.1M public offering of units with warrants at $1.26/unit
Gross proceeds $11.1M; net ~$9.9M after 8% placement fee, 1% expense allowance, and out-of-pocket costs.
1847 Holdings sells High Mountain Door & Trim for $17M cash; proceeds repay debt
Closed sale of HMDT to BFS Group LLC on Sept 30, 2024 for $17M cash; $1.7M held back for post-closing adjustments.
Issued 83,603 Series C senior convertible preferred shares (stated value $10/share) to Wilhelmsen Family Trust in settlement of $831,027 promissory note.
1847 Holdings appoints Eric Vandam as COO, effective August 16, 2024
Vandam previously served as COO from Jan 2022 to Feb 2023, then as advisor.
1847 Holdings Q2 2024 net loss widens to $4.9M; revenue down 10.7% YoY but up 4% sequentially
Revenue of $15.5M vs $17.4M in Q2 2023, a 10.7% decline; sequential growth of ~4% from Q1 2024.
1847 Holdings eliminates $4.2M debt via foreclosure sale of ICU Eyewear assets
Lender private sale of ICU Eyewear assets to ICU Eyecare Solutions for $4.25M cash on August 5, 2024.
Quorum achieved with 2,138,680 shares (40.41% of outstanding); meeting originally adjourned for lack of quorum.
1847 Holdings adjourns 2024 annual meeting due to lack of quorum
No quorum at June 25, 2024 annual meeting; no business transacted.
1847 Holdings Q1 revenue up 15% to $14.9M; net loss from continuing ops $11.2M
Revenue $14.9M (+15% YoY); gross profit $5.6M (+13.3%); automotive supplies segment up 41% to $1.8M.
1847 Holdings raises $500K via 20% OID note, 92,937 warrants at $2.69
Principal amount $625K with 20% OID; net proceeds $500K.
1847 Holdings posts 59.2% Q4 revenue growth to $15.1M, but auditor includes going concern
Q4 2023 revenue $15.1M (+59.2% YoY), gross profit $2.7M (+99.8%), gross margin 18.2% (+370 bps).
1847 Holdings receives non-binding LOI to sell 1847 Cabinets for up to $27M
Purchase price up to $27M: cash at closing plus multiyear earnout payable in cash or promissory notes.
On August 16, 2024, the board of directors of 1847 Holdings LLC (the “Company”) appointed Eric Vandam as Chief Operating Officer of the Company.
Max materiality 0.85 · Median 0.70 · Most common event earnings