1847 Holdings Closes $11.1M Public Offering

DENVER, Colo., Oct 31, 2024 (247marketnews.com)- 1847 Holdings (NYSE: EFSH) closed its previously announced fully marketed above-the-market public offering of securities comprised of 8,809,512 units, at a public offering price of $1.26 per unit. Each unit is comprised of (i) one (1) common share or a pre-funded warrant to purchase one (1) common share at an exercise price of $0.01 per share, (ii) a series A warrant to purchase one (1) common share at an exercise price of $1.90 per share and (iii) a series B warrant to purchase one (1) common share at an exercise price of $2.52 per share.

The offering gross proceeds were $11.1 million, less fees and other offering expenses payable by the Company.

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