In the current trading landscape of 1847 Holdings LLC, the company has announced the offering of up to 2,673,797 common shares at an assumed public offering price of $1.87 per share, reflecting the closing price of its common shares on January 19, 2024. Additionally, the company provides an option for purchasers to acquire pre-funded warrants instead of common shares, allowing them to manage beneficial ownership percentages.
Purchasers exceeding 4.99% (or, alternatively, 9.99%) of outstanding common shares can opt for pre-funded warrants, each exercisable for one common share. The purchase price of each pre-funded warrant is set at the share price minus $0.01, with an exercise price of $0.01 per share. Notably, the pre-funded warrants are subject to a beneficial ownership cap but are immediately exercisable and can be exercised until fully utilized.
Following this announcement, the stock of 1847 Holdings LLC experienced a decline, opening Thursday’s trading session at $1.67 after closing at $1.99 the previous day.
At the time of this publication, 1847 Holdings LLC stock (EFSH) has witnessed a decline.
1847 Holdings LLC
Current Price: $1.58
Change : -0.41
Change (%): (-20.74%)
Volume: 95.8K
Source: Tomorrow Events Market Data
1847 Holdings LLC’s common shares are listed on NYSE American under the symbol “EFSH,” with the closing price on January 19, 2024, at $1.87. The company has no plans to seek the listing of pre-funded warrants on NYSE American or any other national securities exchange, anticipating no market development for these warrants.
The offering of 1847 Holdings has no minimum share or aggregate amount requirement to close, and the company expects to complete it within two business days from the commencement, delivering all securities through a delivery versus payment/receipt versus payment mechanism. Notably, investor funds will not be placed in an escrow or trust account, as the placement agent, Spartan Capital Securities, LLC, will not handle investor funds in connection with the securities sale. Spartan Capital Securities, LLC has been appointed as the exclusive placement agent, tasked with soliciting offers to purchase securities in this offering, using its reasonable best efforts.
