Secondary Stock OfferingsBy The Online Investor Staff, updated Thu., Aug. 18, 6:10 AM
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Slide #25. 1847 Holdings LLC — Secondary Offering
1847 Holdings LLC (AMEX:EFSH)
Date of Pricing:
Price Per Share:
Secondary Offering Details:
1847 Holdings LLC (OTCQB:EFSH) ("1847 Holdings" or "the Company"), a publicly traded holding company platform that combines the attractive attributes of private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, today announced that it has filed a Registration Statement on Form S-1 (File No. 333-259011), as amended, with the U.S. Securities and Exchange Commission relating to the proposed public offering of approximately $7.5 million of its Common Shares and the uplist of its Common Shares to the NYSE American Exchange. It is currently estimated that the public offering price will be between $4.20 and $6.20 per share (on a post 1-for-4 reverse split basis). The actual number of shares we will offer will be determined based on the actual public offering price. The pricing of the offering is expected to take place on August 1, 2022. The Company has received approval to list its Common Shares on the NYSE American, with its Common Shares trading under the symbol "EFSH" with trading expected to begin on August 2, 2022. -updated 8/2- 1847 Holdings LLC ("1847 Holdings" or the "Company") (NYSE American:EFSH), a publicly traded holding company platform that combines the attractive attributes of private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, today announced the pricing of its underwritten public offering of 1,428,572 Common Shares at a price to the public of $4.20 per share. The gross proceeds from this offering, before deducting underwriting discounts and commissions and other offering expenses payable by 1847 Holdings, are expected to be approximately $6 million. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 214,286 Common Shares (equal to 15% of the Common Shares sold in the offering), at the public offering price less the underwriting discounts and commissions, to cover over-allotments, if any.
1847 Holdings is an acquisition holding company focused on acquiring and managing a group of small businesses. Through its subsidiaries, Co. has two reportable segments: land management services, which is comprised of a business focusing on providing a range of land application services and selling equipment and parts, primarily to the agricultural industry in Iowa, but also to the construction and lawn and garden industries; and retail and appliances, which is comprised of retail store and an e-commerce destination for home furnishings, including appliances, furniture, bath and kitchen fixtures, decor, lighting and home goods based in St. Louis, MO.
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