1847 Holdings LLC Reports Material Agreement on Feb 9

TL;DR

**1847 Holdings LLC just announced a material agreement on Feb 9, details pending.**

AI Summary

1847 Holdings LLC filed an 8-K on February 15, 2024, reporting an "Entry into a Material Definitive Agreement" and "Other Events" that occurred on February 9, 2024. The filing, under SEC file number 001-41368, also indicates the inclusion of "Financial Statements and Exhibits." The company's business address is 590 Madison Avenue, 21st Floor, New York, NY 10022.

Why It Matters

This filing signals that 1847 Holdings LLC has entered into a significant agreement, which could materially impact its strategic direction, operations, or financial standing. Investors will need to await further details to assess the full implications.

Risk Assessment

Risk Level: medium — The filing itself is an administrative report of an event; the specific details of the 'Material Definitive Agreement' are not provided, preventing an assessment of its inherent risk.

Key Players & Entities

• 1847 Holdings LLC (company) — registrant
• 07 Trade & Services (company) — organization name

FAQ

Key Financial Figures

• $1.00 — " Warrants "), at an offering price of $1.00 per common share and $0.99 per Warrant,
• $0.99 — ing price of $1.00 per common share and $0.99 per Warrant, for total gross proceeds o
• $5,000,000 — er Warrant, for total gross proceeds of $5,000,000, pursuant to the Company's registration
• $4,460,000 — received net proceeds of approximately $4,460,000. The Company used $1,250,000 of the net
• $1,250,000 — roximately $4,460,000. The Company used $1,250,000 of the net proceeds to repay certain de
• $0.01 — ercised in full at an exercise price of $0.01 per share, which has been pre-paid by t

Filing Documents

• ea193916-8k_1847hold.htm (8-K) — 32KB
• ea193916ex1-1_1847hold.htm (EX-1.1) — 110KB
• ea193916ex4-1_1847hold.htm (EX-4.1) — 84KB
• ea193916ex10-1_1847hold.htm (EX-10.1) — 202KB
• ea193916ex99-1_1847hold.htm (EX-99.1) — 9KB
• ea193916ex99-2_1847hold.htm (EX-99.2) — 9KB
• ex99-1_001.jpg (GRAPHIC) — 4KB
• ex99-2_001.jpg (GRAPHIC) — 4KB
• 0001213900-24-014622.txt ( ) — 738KB
• efsh-20240209.xsd (EX-101.SCH) — 3KB
• efsh-20240209_lab.xml (EX-101.LAB) — 33KB
• efsh-20240209_pre.xml (EX-101.PRE) — 22KB
• ea193916-8k_1847hold_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On February 9, 2024, 1847 Holdings LLC (the " Company ") entered into a securities purchase agreement (the " Purchase Agreement ") with certain purchasers (the " Purchasers ") and a placement agency agreement (the " Placement Agreement ") with Spartan Capital Securities, LLC, as placement agent (the " Placement Agent "), relating to the Company's public offering of common shares and pre-funded warrants (the " Offering "). Pursuant to the Purchase Agreement and the Placement Agreement, the Company agreed to issue and sell to the Purchasers an aggregate of 1,825,937 common shares and 3,174,063 pre-funded warrants for the purchase of 3,174,063 common shares (the " Warrants "), at an offering price of $1.00 per common share and $0.99 per Warrant, for total gross proceeds of $5,000,000, pursuant to the Company's registration statement on Form S-1 (File No. 333-276670) under the Securities Act of 1933, as amended (the " Securities Act "). On February 14, 2024, the closing of the Offering was completed. Pursuant to the Placement Agreement, the Placement Agent received a cash transaction fee equal to 8% of the aggregate gross proceeds and reimbursement of certain out-of-pocket expenses. After deducting these and other offering expenses, the Company received net proceeds of approximately $4,460,000. The Company used $1,250,000 of the net proceeds to repay certain debt and plans to use the remaining net proceeds for working capital and general corporate purposes. The Warrants are exercisable at any time until they are exercised in full at an exercise price of $0.01 per share, which has been pre-paid by the Purchasers in full. The exercise price and number of common shares issuable upon exercise will adjust in the event of certain share dividends and distributions, share splits, share combinations, reclassifications or similar events affecting the common shares. Notwithstanding the foregoing, a holder will not have the

01 Other Events

Item 8.01 Other Events. On February 9, 2024, the Company issued a press release announcing the Offering. A copy of this press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference. On February 14, 2024, the Company issued a press release announcing the closing of the Offering. A copy of this press release is attached to this Current Report on Form 8-K as Exhibit 99.2 and is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description of Exhibit 1.1 Placement Agency Agreement, dated February 9, 2024, between 1847 Holdings LLC and Spartan Capital Securities, LLC 4.1 Form of Pre-Funded Common Share Purchase Warrant, dated February 14, 2024 10.1 Form of Securities Purchase Agreement, dated February 9, 2024, among 1847 Holdings LLC and the Purchasers signatory thereto 99.1 Press Release issued on February 9, 2024 99.2 Press Release issued on February 14, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: February 15, 2024 1847 HOLDINGS LLC /s/ Ellery W. Roberts Name: Ellery W. Roberts Title: Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR