1847 Holdings LLC shareholders approved Election of six directors to the Board of Directors of the Company to serve until the next annual meeting of shareholders. at the 2023-05-09 meeting.
“Proposal 1: The Company’s shareholders elected six directors to the Board of Directors of the Company to serve until the next annual meeting of shareholders. The votes regarding this proposal were as follows: Votes For Votes Withheld Broker Non-Votes Ellery W. Roberts 2,134,125 12,153 736,471 Robert D. Barry 2,134,144 12,134 736,471 Clark R. Crosnoe 2,132,764 13,514 736,471 Paul A. Froning 2,137,129 9,149 736,471 Tracy S. Harris 2,132,794 13,484 736,471 Lawrence X. Taylor 2,130,764 15,514 736,471”
Glyn C. Milburn resigned as Director at 1847 Holdings LLC.
“On March 30, 2023, Glyn C. Milburn resigned from the board of directors of the Company.”
Earnings Releases
1847 Holdings LLC reported the year ended December 31, 2022 results: revenue $48,929,124. Guidance raised.
“Total revenues were $48,929,124 for the year ended December 31, 2022, as compared to $30,660,984 for the year ended December 31, 2021.”
Debt Financings
1847 Holdings LLC incurred loan of $878,000 with Mast Hill Fund, L.P. at 12% per annum maturing February 22, 2024.
“On February 22, 2023, 1847 Holdings LLC (the “ Company ”) entered into a securities purchase agreement (the “ Purchase Agreement ”) with Mast Hill Fund, L.P. (the “ Purchaser ”), pursuant to which the Company issued to the Purchaser (i) a promissory note in the principal amount of $878,000, which includes an original issue discount in the amount of $87,800 (the “ Note ”)”
Material Agreements
1847 Holdings LLC entered into Purchase Agreement with Mast Hill Fund, L.P. valued at $878,000 (effective 2023-02-22).
“On February 22, 2023, 1847 Holdings LLC (the “ Company ”) entered into a securities purchase agreement (the “ Purchase Agreement ”) with Mast Hill Fund, L.P. (the “ Purchaser ”), pursuant to which the Company issued to the Purchaser (i) a promissory note in the principal amount of $878,000, which includes an original issue discount in the amount of $87,800 (the “ Note ”), (ii) a five-year warrant for the purchase of 182,917 common shares of the Company at an exercise price of $4.20 per share (subject to adjustment), which may be exercised on a cashless basis if the market price of the common shares is greater than the exercise price (the “ Base Warrant ”), and (iii) a five-year warrant for the purchase of 198,343 common shares of the Company at an exercise price of $0.01 per share (subject to adjustment), which may be exercised on a cashless basis if the market price of the common shares is greater than the exercise price (the “ Penny Warrant ,” and together with the Base Warrant, the”
Glyn C. Milburn was appointed as Vice President of Operations at 1847 Holdings LLC.
“On February 23, 2023, the board of directors of the Company appointed Glyn C. Milburn as Vice President of Operations.”
Eric VanDam resigned as Chief Operating Officer at 1847 Holdings LLC.
“On February 17, 2023, Eric VanDam resigned from his position as Chief Operating Officer of 1847 Holdings LLC (the “Company”).”
M&A Transactions
1847 Holdings LLC completed an acquisition involving ICU Eyewear Holdings Inc. for $4,000,000 in cash and $500,000 in promissory notes (closed 2023-02-09).
“as a wholly owned subsidiary of 1847 ICU (the “ Merger ”). The merger consideration paid by 1847 ICU to the stockholders of ICU Eyewear (the “ Stockholders ”) consists of (i) $4,000,000 in cash, minus any unpaid debt of ICU Eyewear and certain transaction expenses, and (ii) 6% subordinated promissory notes in the aggregate principal amount of $500,000 (the “”
Material Agreements
1847 Holdings LLC amended First Amendment to Agreement and Plan of Merger with ICU Eyewear Holdings Inc. and San Francisco Equity Partners (effective 2023-02-09).
“On February 9, 2023, the parties entered into a first amendment to agreement and plan of merger to amend certain terms of the agreement and plan of merger.”
Debt Financings
1847 Holdings LLC incurred loan of $604,000 with two accredited investors at 12% per annum maturing February 3, 2024.
“the Company issued to the Purchasers (i) promissory notes in the aggregate principal amount of $604,000”
Material Agreements
1847 Holdings LLC entered into Purchase Agreements with two accredited investors valued at total purchase price of $543,600 (effective 2022-02-03).
“On February 3, 2022, 1847 Holdings LLC (the “ Company ”) entered into securities purchase agreements (the “ Purchase Agreements ”) with two accredited investors (the “ Purchasers ”), pursuant to which the Company issued to the Purchasers (i) promissory notes in the aggregate principal amount of $604,000, which include an original issue discount in the amount of $60,400 (the “ Notes ”), (ii) five-year warrants for the purchase of an aggregate of 125,833 common shares of the Company at an exercise price of $4.20 per share (subject to adjustment), which may be exercised on a cashless basis if the market price of the common shares is greater than the exercise price (the “ Warrants ”), and (iii) an aggregate of 125,833 common shares (the “ Shares ”) for a total purchase price of $543,600.”
Material Agreements
1847 Holdings LLC entered into Warrant Agent Agreement with VStock Transfer, LLC (effective 2023-01-03).
“On January 3, 2023, 1847 Holdings LLC (the “Company”) entered into a Warrant Agent Agreement (the “Warrant Agreement”) with VStock Transfer, LLC (the “Warrant Agent”) which governs the terms of warrants (the “Warrants”) to purchase the Company’s common shares that were issued as a dividend on January 3, 2023 to common shareholders of record on December 23, 2022.”
Material Agreements
1847 Holdings LLC entered into Merger Agreement with ICU Eyewear Holdings Inc. and San Francisco Equity Partners valued at $4,000,000 in cash and $500,000 in promissory notes (effective 2022-12-21).
“On December 21, 2022, 1847 ICU Holdings Inc. (“1847 ICU”) and 1847 ICU Acquisition Sub Inc. (“Merger Sub”), both wholly owned subsidiaries of 1847 Holdings LLC (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with ICU Eyewear Holdings Inc. (“ICU Eyewear”) and San Francisco Equity Partners, as the Stockholder Representative.”
Earnings Releases
1847 Holdings LLC reported the third quarter ended September 30, 2022 results: revenue $14,472,361, net income $4,472,622 loss. Guidance reaffirmed.
“Total revenues were $14,472,361 for the three months ended September 30, 2022, as compared to $6,735,028 for the three months ended September 30, 2021.”
Lawrence X. Taylor was appointed as Director at 1847 Holdings LLC.
“Effective as of August 2, 2022, the board of directors of the Company increased the size of the board from three to seven members and appointed Clark R. Crosnoe, Tracy S. Harris, Glyn C. Milburn and Lawrence X. Taylor to the board of directors to fill the vacancies created by such increase.”
Glyn C. Milburn was appointed as Director at 1847 Holdings LLC.
“Effective as of August 2, 2022, the board of directors of the Company increased the size of the board from three to seven members and appointed Clark R. Crosnoe, Tracy S. Harris, Glyn C. Milburn and Lawrence X. Taylor to the board of directors to fill the vacancies created by such increase.”
Tracy S. Harris was appointed as Director at 1847 Holdings LLC.
“Effective as of August 2, 2022, the board of directors of the Company increased the size of the board from three to seven members and appointed Clark R. Crosnoe, Tracy S. Harris, Glyn C. Milburn and Lawrence X. Taylor to the board of directors to fill the vacancies created by such increase.”
Clark R. Crosnoe was appointed as Director at 1847 Holdings LLC.
“Effective as of August 2, 2022, the board of directors of the Company increased the size of the board from three to seven members and appointed Clark R. Crosnoe, Tracy S. Harris, Glyn C. Milburn and Lawrence X. Taylor to the board of directors to fill the vacancies created by such increase.”
Eric VanDam was appointed as Chief Operating Officer at 1847 Holdings LLC.
“On January 10, 2022, the board of directors of 1847 Holdings LLC (the “Company”) appointed Eric VanDam as Chief Operating Officer of the Company.”
Vernice L. Howard was appointed as Chief Financial Officer at 1847 Holdings LLC.
“On September 5, 2021, the board of directors of the Company appointed Vernice L. Howard as the new Chief Financial Officer of the Company, effective as of September 7, 2021.”
Jay Amond resigned as Chief Financial Officer at 1847 Holdings LLC.
“On September 5, 2021, Jay Amond resigned from his position as the Chief Financial Officer of 1847 Holdings LLC (the “Company”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.