1847 Holdings (EFSH) Files for 10M Unit Offering

1847 Holdings (NYSE: EFSH) has filed the following:

We are offering on a best-efforts basis up to 10,000,000 common units, based on an assumed public offering price of $1.20 per common unit, which was the closing price of our common shares on NYSE American on October 8, 2024, for gross proceeds of up to approximately $12.0 million before deduction of placement agent commissions and offering expenses. Each common unit consists of one common share, one series A warrant to purchase one common share and one series B warrant to purchase one common share.

We are also offering to each purchaser of common units that would otherwise result in the purchaser’s beneficial ownership exceeding 4.99% of our outstanding common shares immediately following the consummation of this offering, the opportunity to purchase pre-funded units consisting of one pre-funded warrant (in lieu of one common share), one series A warrant and one series B warrant. Subject to limited exceptions, a holder of pre-funded warrants will not have the right to exercise any portion of its pre-funded warrants if the holder, together with its affiliates, would beneficially own in excess of 4.99% (or, at the election of the holder, such limit may be increased to up to 9.99%) of the number of common shares outstanding immediately after giving effect to such exercise. The purchase price of each pre-funded unit will be equal to the price per common unit including, minus $0.01, and the remaining exercise price of each pre-funded warrant will equal $0.01 per share. The pre-funded warrants will be immediately exercisable (subject to the beneficial ownership cap) and may be exercised at any time until all of the pre-funded warrants are exercised in full. For each pre-funded unit we sell (without regard to any limitation on exercise set forth therein), the number of common units we are offering will be decreased on a one-for-one basis.

The common shares and pre-funded warrants can each be purchased in this offering only with the accompanying series A warrants and series B warrants that are part of a unit, but the components of the units will be immediately separable and will be issued separately in this offering.

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