1847 Holdings LLC Completes Acquisition
Ticker: LBRA · Form: 8-K · Filed: Oct 4, 2024 · CIK: 1599407
Sentiment: neutral
Topics: acquisition, definitive-agreement, asset-disposition
TL;DR
1847 Holdings just closed a deal, filing an 8-K for asset disposition.
AI Summary
On October 4, 2024, 1847 Holdings LLC filed an 8-K report detailing the completion of an acquisition. The filing indicates the company entered into a material definitive agreement and completed the disposition of assets related to this acquisition. Specific financial details and the names of acquired entities are not provided in this excerpt.
Why It Matters
This filing signals a significant corporate action for 1847 Holdings LLC, potentially impacting its business operations, financial structure, and future growth prospects.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and asset disposition, which can carry inherent risks related to integration, financing, and operational changes.
Key Players & Entities
- 1847 Holdings LLC (company) — Registrant
- October 4, 2024 (date) — Date of Report
- September 30, 2024 (date) — Date of earliest event reported
- 590 Madison Avenue, 21st Floor, New York, NY 10022 (location) — Principal executive offices address
FAQ
What specific assets were acquired or disposed of by 1847 Holdings LLC?
The provided excerpt does not specify the exact assets involved in the acquisition or disposition.
What is the name of the counterparty in this material definitive agreement?
The excerpt does not disclose the name of the other party involved in the agreement.
What was the financial impact of this acquisition on 1847 Holdings LLC?
The filing excerpt does not contain specific financial figures related to the acquisition's impact.
When did the material definitive agreement become effective?
The filing indicates the report date is October 4, 2024, and the earliest event reported is September 30, 2024, suggesting the agreement or transaction occurred around these dates.
What is the primary business of 1847 Holdings LLC?
1847 Holdings LLC is classified under SERVICES-MANAGEMENT CONSULTING SERVICES [8742].
Filing Stats: 1,490 words · 6 min read · ~5 pages · Grade level 14 · Accepted 2024-10-04 16:22:01
Key Financial Figures
- $17,000,000 — n aggregate cash only purchase price of $17,000,000, subject to certain pre-closing and pos
- $1,700,000 — ally, the Purchase Price was reduced by $1,700,000, which may be used for certain post-clo
- $85,000 — s if the amount exceeds an aggregate of $85,000, whereupon the Company and HMDT will be
- $2,472,000 — al LLC with a principal amount of up to $2,472,000 (the " Breadcrumbs Note "), which is se
- $1,102,038 — HMDT's assets in connection therewith, $1,102,038 of the Purchase Price was used to pay d
- $16,900,000 — issory notes in the principal amount of $16,900,000 and $7,860,000 to SILAC Insurance Compa
- $7,860,000 — the principal amount of $16,900,000 and $7,860,000 to SILAC Insurance Company (" SILAC ")
- $100,000 — missory note in the principal amount of $100,000 to Leonite Capital LLC (" Leonite "). T
- $765,306.12 — in the principal amount of $16,900,000, $765,306.12 of which was then acquired by Leonite,
- $5,815,767.91 — HMDT's assets in connection therewith, $5,815,767.91 of the Purchase Price was paid to Altim
- $2,819,710.83 — Purchase Price was paid to Altimir and $2,819,710.83 of the Purchase Price was paid to Beama
- $5,880,345 — es in the aggregate principal amount of $5,880,345 to Steven J. Parkey and Jose D. Garcia-
- $3,207,057.94 — on. In connection with the Disposition, $3,207,057.94 of the Purchase Price was used to repay
Filing Documents
- ea0216807-8k_1847hold.htm (8-K) — 49KB
- ea021680701ex10-1_1847hold.htm (EX-10.1) — 424KB
- ea021680701ex99-1_1847hold.htm (EX-99.1) — 291KB
- 0001213900-24-085567.txt ( ) — 1052KB
- efsh-20240930.xsd (EX-101.SCH) — 3KB
- efsh-20240930_lab.xml (EX-101.LAB) — 33KB
- efsh-20240930_pre.xml (EX-101.PRE) — 22KB
- ea0216807-8k_1847hold_htm.xml (XML) — 4KB
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: October 4, 2024 1847 HOLDINGS LLC /s/ Ellery W. Roberts Name: Ellery W. Roberts Title: Chief Executive Officer 3