NEW YORK, NY / ACCESS CABLE / August 5, 2022 / 1847 Holdings LLC (“1847 Holdings” or the “Company”) (NYSE American: EFSH), a publicly traded holding company platform that combines the attractive attributes of lower-middle market private companies with the liquidity and transparency of a company listed on the stock exchange, announced today the closing of its public subscription offering of 1,428,572 Common Shares at public price offering price of $4.20 per share. The gross income of this offer, before deducting the subscription discounts and commissions and other offering expenses payable by 1847 Holdings, was $6 million. In addition, the Company has granted underwriters a 45-day option to purchase up to an additional 214,286 Common Shares (equivalent to 15% of the Common Shares sold in the offering), at the public offering price less the subscription discounts and commissions, to cover over-allotments, if any.
The Common Shares began trading on the NYSE American under the symbol “EFSH” on August 3, 2022.
Craft Capital Management LLC and RF Lafferty & Co. acted as co-managers in the follow-on offering and up-listing of NYSE-American.
The registration statement on Form S-1, as amended (File No. 333-259011), was filed with the Securities and Exchange Commission (“SEC”) and declared effective on August 2, 2022. A related final prospectus with the offering was filed with the SEC and is available on the SEC’s website at http://www.sec.gov or from:
Craft Capital Management LLC, 377 Oak St, Lower Concourse, Yard City, New York 11530
RF Lafferty & Co., 40 Wall Street, 29th Floor, New York, NY 10005
East Press release shall not constitute an offer to sell or the solicitation of an offer to to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About 1847 Holdings LLC
1847 Holdings LLC (NYSE American: EFSH), a publicly traded diversified buyout holding company, was founded by Ellery W. Roberts, former partner at Parallel Investment Partners, Saunders Karp & Megrue, and director of Lazard Freres Strategic Realty Investors. . 1847 Holdings’ investment thesis is that capital market inefficiencies have left the founders and/or shareholders of many small or lower-middle market companies with limited exit options despite the intrinsic value of their business. Given these dynamics, 1847 Holdings is able to acquire businesses it deems “strong” on a consistent basis for reasonable multiples of cash flow and then deploy resources to strengthen the infrastructure and systems of those businesses to improve operations. These improvements may lead to a sale or IPO of an operating subsidiary at higher valuations than those purchase price and/or alternatively, an operating subsidiary may be held in perpetuity and contribute to 1847 Holdings’ ability to pay regular and special dividends to shareholders.
East Press release may contain information about 1847 Holdings’ opinion of its future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on our management’s beliefs, assumptions and expectations about our future economic performance, taking into account information currently available to it. These statements are not statements of historical fact. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, which may cause our actual results, performance or financial condition to be materially different from expectations of future results, performance or financial condition. . financial situation. Our actual results may differ materially from the results discussed in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, the risks set forth in “Risk Factors” included in our SEC filings.
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