[FORM 8-K Filing Details](index=1&type=section&id=FORM%208-K%20Filing%20Details) This section details the registrant's identification, contact information, and the current status of its securities, including delisting proceedings [Registrant Information](index=1&type=section&id=Registrant%20Information) This section provides the essential identification and contact details for 1847 Holdings LLC, the entity filing this Form 8-K Registrant Details | Detail | Value | | :--- | :--- | | **Registrant Name** | 1847 Holdings LLC | | **Date of Report** | May 15, 2025 | | **Jurisdiction** | Delaware | | **Commission File Number** | 001-41368 | | **IRS Employer Identification No.** | 38-3922937 | | **Principal Executive Offices** | 260 Madison Avenue, 8th Floor, New York, NY 10016 | | **Telephone Number** | (212) 417-9800 | [Securities Registration and Delisting Status](index=1&type=section&id=Securities%20Registration%20and%20Delisting%20Status) The Company's common shares (EFSH) are registered on NYSE American LLC, but the exchange has initiated delisting proceedings, leading to a suspension of trading and a scheduled review hearing Securities Status | Detail | Value | | :--- | :--- | | **Class of Securities** | Common Shares | | **Trading Symbol** | EFSH | | **Exchange Registered** | NYSE American LLC | | **Delisting Notification Date** | April 3, 2025 | | **Trading Suspension Date** | April 3, 2025 | | **Delisting Review Hearing Date** | June 5, 2025 | - Trading of the Company's common shares remains suspended pending the outcome of the delisting review. If upheld, NYSE American will file a Form 25 with the SEC to delist the shares, with deregistration effective 90 days or less thereafter[4](index=4&type=chunk) [Results of Operations and Financial Condition](index=3&type=section&id=Results%20of%20Operations%20and%20Financial%20Condition) This section announces the company's financial results for the quarter ended March 31, 2025, as detailed in an accompanying press release [Quarterly Financial Results Announcement](index=3&type=section&id=Quarterly%20Financial%20Results%20Announcement) 1847 Holdings LLC announced its financial results for the quarter ended March 31, 2025, through a press release issued on May 15, 2025, which is furnished as Exhibit 99.1 to this report - A press release regarding financial results for the quarter ended March 31, 2025, was issued on May 15, 2025[7](index=7&type=chunk) - The press release is furnished as Exhibit 99.1 to this report[7](index=7&type=chunk) - Information furnished under Item 2.02, including Exhibit 99.1, is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934 and is not subject to the liabilities of that section, nor is it incorporated by reference into other filings unless expressly stated[8](index=8&type=chunk) [Exhibits and Signatures](index=3&type=section&id=Exhibits%20and%20Signatures) This section lists all exhibits accompanying the Form 8-K filing and includes the formal certification signature [Exhibits Filed](index=3&type=section&id=Exhibits%20Filed) This section lists the documents officially submitted as part of this Form 8-K filing Filed Exhibits | Exhibit No. | Description of Exhibit | | :--- | :--- | | 99.1 | Press Release issued on May 15, 2025 | | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | [Signatures](index=4&type=section&id=Signatures) This section formally certifies that the report has been duly signed on behalf of 1847 Holdings LLC by an authorized officer - The report was signed on May 15, 2025, by Ellery W. Roberts, Chief Executive Officer of 1847 Holdings LLC[12](index=12&type=chunk)

[Company Overview and Strategic Highlights](index=1&type=section&id=Company%20Overview%20and%20Strategic%20Highlights) 1847 Holdings experienced a transformative 2024 with strategic acquisitions, significant financial growth, and portfolio refinements [CEO Commentary and Strategic Direction](index=1&type=section&id=CEO%20Commentary%20and%20Strategic%20Direction) CEO Roberts highlighted 2024 as transformative, driven by the CMD acquisition and financial growth, with strategic sales planned for Wolo and CMD - 2024 was a transformative year for 1847 Holdings, marked by strategic initiatives and **significant financial growth**[4](index=4&type=chunk) - The company completed the acquisition of CMD, which reported strong pro forma revenues of **$30.8 million** for 2024, a **13.5% increase**, with gross profit up **25.9%** and net income up **28.9%**[4](index=4&type=chunk) - 1847 Holdings is exploring strategic sales for Wolo and strategic alternatives for CMD due to significant inbound interest, aiming to unlock substantial value for shareholders[10](index=10&type=chunk) [2024 Operational Achievements and Portfolio Management](index=1&type=section&id=2024%20Operational%20Achievements%20and%20Subsequent%20Events) 2024 operational achievements include the CMD acquisition, strategic sale of High Mountain for $17 million, ICU Eyewear disposition, and Wolo sale engagement - Completed the acquisition of CMD, a Las Vegas-based cabinetry, millwork, and door manufacturer[5](index=5&type=chunk) - Sold High Mountain Door & Trim Inc. for approximately **$17 million**, more than double the original purchase price, valuing the business at nearly **seven times adjusted EBITDA**[5](index=5&type=chunk)[6](index=6&type=chunk) - Disposed of ICU Eyewear, eliminating **$4.5 million** of net liabilities from the balance sheet[5](index=5&type=chunk) - Engaged Two Roads Advisors to facilitate the sale of Wolo Mfg. Corp[5](index=5&type=chunk) [Financial Performance Analysis](index=1&type=section&id=Financial%20Performance%20Analysis) 1847 Holdings saw 10.7% revenue growth and 18.6% gross profit increase, yet incurred a net loss from non-cash warrant liabilities [Key Financial Highlights from Continuing Operations](index=1&type=section&id=Key%20Financial%20Highlights%20from%20Continuing%20Operations) 1847 Holdings saw a 10.7% revenue increase to $15.7 million and an 18.6% gross profit increase to $7.8 million in 2024 Key Financial Highlights | Metric | 2024 (USD) | 2023 (USD) | YoY Change | | :----- | :--------- | :--------- | :--------- | | Total Revenue | $15.7M | $14.2M | +10.7% | | Gross Profit | $7.8M | $6.6M | +18.6% | | Gross Margin | 49.5% | 46.2% | +330 bps | [Detailed Consolidated Financial Results](index=3&type=section&id=2024%20Financial%20Highlights) Total revenues increased to $15.7 million, but a net loss of $106.8 million was reported, primarily due to increased other expenses from warrant liabilities Consolidated Financial Results | Metric | 2024 (USD) | 2023 (USD) | YoY Change | | :-------------------------------- | :--------- | :--------- | :--------- | | Total Revenues | $15,710,330 | $14,190,135 | +10.7% | | Total Cost of Revenues | $7,937,588 | $7,637,496 | +3.9% | | Total Operating Expenses | $27,708,574 | $29,896,962 | -7.3% | | Loss from Operations | $(11,998,244) | $(15,706,827) | -23.6% | | Total Other Expense, Net | $95,508,010 | $8,490,576 | +1024.9% | | Net Loss from Continuing Operations | $(106,804,254) | $(23,988,403) | +345.3% | - The significant increase in Total Other Expense, Net was primarily driven by a **$77,638,662 loss** on change in fair value of warrant liabilities[15](index=15&type=chunk) [Segment Performance](index=3&type=section&id=Segment%20Performance) Construction segment revenue grew 24.1% to $11.96 million, while automotive supplies declined 17.6% to $3.75 million due to inventory constraints Segment Revenue Performance | Segment | 2024 Revenue (USD) | 2023 Revenue (USD) | YoY Change | Primary Reason | | :------------------ | :----------------- | :----------------- | :--------- | :------------- | | Construction | $11,960,884 | $9,639,549 | +24.1% | Increase in new multi-family projects and average customer contract value | | Automotive Supplies | $3,749,446 | $4,550,586 | -17.6% | Working capital constraints on inventory | - Cost of revenues for the construction segment increased by **21.3%** to **$5,439,723**, while for the automotive supplies segment, it decreased by **20.8%** to **$2,497,865**[18](index=18&type=chunk) [Non-GAAP Financial Measures: EBITDA and Adjusted EBITDA](index=3&type=section&id=EBITDA%20and%20Adjusted%20EBITDA) Adjusted EBITDA loss improved slightly to $3.31 million in FY 2024, used by management to assess operating performance excluding non-cash items EBITDA and Adjusted EBITDA Reconciliation | Metric | 2024 (USD) | 2023 (USD) | | :-------------------------------- | :--------- | :--------- | | Net loss from continuing operations | $(106,804,254) | $(23,988,403) | | EBITDA | $(102,588,372) | $(18,406,914) | | Adjusted EBITDA | $(3,309,879) | $(3,455,112) | - Adjusted EBITDA improved slightly from a loss of **$3,455,112** in FY 2023 to a loss of **$3,309,879** in FY 2024[16](index=16&type=chunk)[20](index=20&type=chunk) - Adjusted EBITDA excludes items such as loss on change in fair value of warrant liabilities, amortization of debt discounts, and impairments of goodwill and intangible assets[19](index=19&type=chunk) [Impact of Non-Cash and One-Time Items on Net Loss](index=2&type=section&id=Impact%20of%20Non-Cash%20and%20One-Time%20Items%20on%20Net%20Loss) A significant net loss portion stems from non-cash, one-time items, primarily the change in fair value of warrant liabilities due to their variable features - A significant portion of the net loss is driven by non-cash and one-time items, primarily the change in fair value of warrant liabilities[7](index=7&type=chunk) - Warrant liabilities are classified as such and remeasured at fair value due to features allowing exercise price decreases and share increases upon certain events, and an alternative cashless exercise option[7](index=7&type=chunk) - Excluding these non-cash charges, the company's core performance remains in line with long-term objectives[8](index=8&type=chunk) [Future Outlook and Projections](index=2&type=section&id=Future%20Outlook%20and%20Projections) 1847 Holdings projects a return to net income in 2025, anticipating $1.3 million net income and over $45 million revenue, with accelerated growth in 2026 Future Financial Projections | Metric | 2025 Projection (USD) | 2026 Projection (USD) | | :----- | :-------------------- | :-------------------- | | Net Income | ~$1.3 million | ~$5.0 million | | Revenue | >$45 million | >$60 million | - The company expects to achieve profitability milestones in 2025 and accelerate in 2026, underscoring the success of its strategic vision and disciplined execution[9](index=9&type=chunk) - Future growth is supported by a strong pipeline of acquisition opportunities and a relentless focus on high-margin, scalable businesses[9](index=9&type=chunk) [Corporate Information and Disclosures](index=3&type=section&id=Corporate%20Information%20and%20Disclosures) This section covers 1847 Holdings' investment thesis, regulatory disclosures including going concern, forward-looking statements, and investor contacts [About 1847 Holdings LLC](index=4&type=section&id=About%201847%20Holdings%20LLC) 1847 Holdings LLC is a publicly traded acquisition holding company focused on acquiring, strengthening, and monetizing overlooked deep-value businesses - 1847 Holdings LLC is a publicly traded diversified acquisition holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses[21](index=21&type=chunk) - The company's investment thesis involves acquiring businesses at reasonable multiples, deploying resources to strengthen their infrastructure and systems, and then potentially selling, IPOing, or holding them to contribute to shareholder dividends[21](index=21&type=chunk) [Going Concern Disclosure](index=3&type=section&id=Going%20Concern%20Disclosure) The FY 2024 audited financial statements will include a going concern qualification, as required by NYSE American Company Guide sections - The audited consolidated financial statements for FY 2024 will contain an audit report with a 'going concern' qualification[17](index=17&type=chunk) - This disclosure is made pursuant to NYSE American Company Guide Sections 401(h) and 610(b)[17](index=17&type=chunk) [Forward-Looking Statements](index=4&type=section&id=Forward-Looking%20Statements) This press release contains forward-looking statements based on management's expectations, subject to risks and uncertainties that may cause actual results to differ - The press release contains forward-looking statements based on management's beliefs, assumptions, and expectations of future economic performance[23](index=23&type=chunk) - These statements are subject to factors, risks, and uncertainties that may cause actual results, performance, or financial condition to differ materially from expectations[23](index=23&type=chunk) [Contact Information](index=4&type=section&id=Contact) Investor relations inquiries for 1847 Holdings LLC can be directed to Crescendo Communications, LLC - Contact Crescendo Communications, LLC for investor inquiries at Tel: **+1 (212) 671-1020** or Email: **EFSH@crescendo-ir.com**[25](index=25&type=chunk)

PART I [ITEM 1. Business](index=5&type=section&id=ITEM%201.%20BUSINESS%2E) 1847 Holdings LLC acquires and manages small North American businesses, focusing on organic growth and add-on acquisitions in Construction and Automotive Supplies - 1847 Holdings LLC is an acquisition holding company focused on acquiring and managing small businesses (enterprise value < **$50 million**) in various industries across North America[19](index=19&type=chunk) - The company's strategy involves acquiring controlling interests in businesses with long-term macroeconomic growth opportunities, positive and stable earnings/cash flows, minimal obsolescence threats, and strong management teams[21](index=21&type=chunk) - Acquisition strategy targets capital-light businesses in niche geographical markets with competitive advantages, specifically in business services, consumer services, consumer products, consumable industrial products, industrial services, niche light manufacturing, distribution, alternative/specialty finance, and select specialty retail[33](index=33&type=chunk) - The company aims to limit external acquisition leverage, with debt not exceeding the market value of acquired assets and a debt to EBITDA ratio not exceeding **1.25x to 1** for operating subsidiaries[27](index=27&type=chunk) - As of December 31, 2024, the company had **6 full-time employees** (excluding operating subsidiaries)[59](index=59&type=chunk) - The company is classified as a partnership for U.S. federal income tax purposes, meaning shareholders are taxed on their allocable share of income, not the company itself[62](index=62&type=chunk) - The Construction business segment accounted for approximately **76.1% of total revenues in 2024**, up from 67.9% in 2023[146](index=146&type=chunk) - The Automotive Supplies business segment accounted for approximately **23.9% of total revenues in 2024**, down from 32.1% in 2023[176](index=176&type=chunk) [ITEM 1A. Risk Factors](index=34&type=section&id=ITEM%201A.%20RISK%20FACTORS%2E) The company faces significant risks including going concern, acquisition integration, competition, and operational challenges in its construction and automotive segments - Auditors issued a going concern opinion due to recurring losses, negative cash flows, and a working capital deficit of **$111,927,759** as of December 31, 2024[216](index=216&type=chunk)[219](index=219&type=chunk) - The company's ability to realize anticipated benefits from acquisitions depends on successful integration, which is complex, costly, and time-consuming[220](index=220&type=chunk) - The construction business is highly dependent on U.S. home improvement, repair, remodel, and new home construction activity, making it vulnerable to housing market fluctuations and interest rate changes[242](index=242&type=chunk)[243](index=243&type=chunk) - The automotive supply business is highly dependent on key suppliers, with **52.0% of purchases in 2024** and **81.3% in 2023** from five third-party vendors, primarily in China and Taiwan, exposing it to supply chain disruptions and geopolitical risks[263](index=263&type=chunk)[266](index=266&type=chunk)[270](index=270&type=chunk) - The management fee and profit allocation to the manager are significant cash obligations, senior to shareholder distributions, and may induce decisions not optimal for long-term business performance[322](index=322&type=chunk)[326](index=326&type=chunk) - Shareholders are subject to U.S. federal income taxation on their allocable share of taxable income, even if no cash distributions are received, due to the company's partnership classification[328](index=328&type=chunk)[329](index=329&type=chunk) [ITEM 1B. Unresolved Staff Comments](index=59&type=section&id=ITEM%201B.%20Unresolved%20Staff%20Comments) The company has no unresolved staff comments from the SEC - No unresolved staff comments are applicable to the company[360](index=360&type=chunk) [ITEM 1C. Cybersecurity](index=60&type=section&id=ITEM%201C.%20Cybersecurity) The company integrates cybersecurity risk management, engaging third-party experts and escalating significant matters to the board - Cybersecurity risk management is integrated into overall risk management processes, with continuous evaluation and alignment with business objectives[363](index=363&type=chunk) - The company plans to engage external experts (consultants, auditors) for evaluating and testing risk management systems, including annual audits and ongoing threat assessments[364](index=364&type=chunk) - Management is responsible for assessing, monitoring, and managing cybersecurity risks, ensuring industry-standard measures, and overseeing an incident response plan[368](index=368&type=chunk)[369](index=369&type=chunk) - As of the report date, the company has not encountered cybersecurity challenges that have materially affected its business strategy, results of operations, or financial condition[366](index=366&type=chunk) [ITEM 2. Properties](index=61&type=section&id=ITEM%202.%20Properties) The company and its subsidiaries lease office, production, and warehouse facilities across New York, Idaho, and Nevada, which are adequately maintained - The company's principal office is in New York, NY, leased from Regus Management Group, LLC for **$210 per month**[371](index=371&type=chunk) - Subsidiaries lease facilities in Boise, ID (Kyle's - **6,600 sq ft** and **9,530 sq ft**), Reno, NV (Innovative Cabinets - **24,000 sq ft**), Las Vegas, NV (CMD - **15,000 sq ft** and **15,288 sq ft**), and Deer Park, NY (Wolo - **10,000 sq ft**)[372](index=372&type=chunk)[373](index=373&type=chunk)[374](index=374&type=chunk)[375](index=375&type=chunk)[376](index=376&type=chunk)[377](index=377&type=chunk) - Lease terms vary, typically **5 years** with renewal options, and include base rent plus responsibility for taxes, insurance, and operating costs[372](index=372&type=chunk)[373](index=373&type=chunk)[374](index=374&type=chunk)[375](index=375&type=chunk)[376](index=376&type=chunk)[377](index=377&type=chunk) [ITEM 3. Legal Proceedings](index=61&type=section&id=ITEM%203.%20Legal%20Proceedings) The company is not aware of any legal proceedings or claims expected to materially affect its business or financial condition - The company is not currently aware of any legal proceedings or claims that are believed to have a material adverse effect on its business, financial condition, or operating results[379](index=379&type=chunk) [ITEM 4. Mine Safety Disclosures](index=61&type=section&id=ITEM%204.%20Mine%20Safety%20Disclosures) The company has no disclosures related to mine safety - Mine Safety Disclosures are not applicable to the company[380](index=380&type=chunk) PART II [ITEM 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=62&type=section&id=ITEM%205.%20Market%20for%20Registrant's%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities%2E) Common shares are listed on NYSE American, with preferred share dividend policies and plans for common share distributions based on cash flow - Common shares are listed on NYSE American under the symbol **"EFSH"**[382](index=382&type=chunk) - As of March 28, 2025, there were approximately **86 shareholders of record**[382](index=382&type=chunk) Preferred Share Dividend Rights | Share Class | Dividend Rate (per annum) | Stated Value | Payment Term | | :---------- | :------------------------ | :----------- | :----------- | | Series A | **24.0%** | **$2.42/share** | Quarterly (cash or common shares) | | Series C | **6.0%** | **$10.00/share** | Upon conversion or liquidation | | Series D | **10.0%** | **$0.339/share** | Upon conversion or liquidation | - The company plans to make regular distributions on common shares, subject to sufficient cash flow from operating subsidiaries and board approval, aiming to increase distributions over time[386](index=386&type=chunk)[387](index=387&type=chunk) - No repurchases of common shares were made during the fourth quarter of 2024[390](index=390&type=chunk) [ITEM 6. [Reserved]](index=63&type=section&id=ITEM%206.%20%5BReserved%5D) This item is reserved and contains no information [ITEM 7. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=63&type=section&id=ITEM%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) The company reported a significant net loss in 2024, driven by warrant liabilities, and faces liquidity challenges despite revenue growth in construction - Authorized common shares increased from **500 million to 2 billion** on March 11, 2025[395](index=395&type=chunk)[1012](index=1012&type=chunk) - A warrant exchange on March 25, 2025, converted remaining Series A warrants and exercised shares into **1,027 Series F convertible preferred shares**[397](index=397&type=chunk)[1017](index=1017&type=chunk) Management Fees Expensed (Consolidated) | Year | From Continued Operations

Core Viewpoint - 1847 Holdings has engaged Two Roads Advisors to assist in the sale of Wolo Manufacturing Corp, indicating a strategic move to divest a subsidiary and potentially unlock value for shareholders [1] Group 1: Company Overview - 1847 Holdings is actively seeking to sell Wolo Manufacturing Corp, a company that specializes in manufacturing products for the automotive and transportation industries [1] - The engagement of Two Roads Advisors suggests that 1847 Holdings is looking for expert guidance to maximize the sale process and achieve favorable terms [1] Group 2: Industry Context - The automotive and transportation manufacturing sector is experiencing significant changes, with companies increasingly focusing on optimizing operations and divesting non-core assets to enhance overall performance [1] - The move to sell Wolo Manufacturing Corp aligns with broader industry trends where companies are streamlining their portfolios to focus on core competencies and improve financial health [1]

Core Viewpoint - 1847 Holdings LLC successfully raised $11.424 million through a private placement to support its strategic acquisition plans [2][4]. Group 1: Private Placement Details - The private placement involved 42,311,118 units, each consisting of one common share and various warrants with specific exercise prices [3]. - The exercise prices for the warrants are set at $0.01 for the prefunded warrant, $0.81 for the series A warrant, and $0.54 for the series B warrant, all subject to adjustments [3]. Group 2: Use of Proceeds - The funds raised will be utilized for the acquisition of a millwork, cabinetry, and door manufacturer in Las Vegas, which reported unaudited revenue of $33.1 million and net income of $10.4 million for the trailing twelve months ending September 30, 2024 [4]. Group 3: Transaction Representation - Sichenzia Ross Ference Carmel LLP represented Spartan Capital Securities, LLC in this transaction, highlighting the importance of this private placement for 1847 Holdings' strategic acquisition plan [6].

Core Viewpoint - Spartan Capital Securities, LLC acted as the sole placement agent for 1847 Holdings LLC's $11.424 million private placement, which will support the company's strategic acquisition plans [1][2][6]. Group 1: Private Placement Details - 1847 Holdings LLC raised $11.424 million in gross proceeds through a private placement prior to deducting fees and expenses [2]. - The private placement consisted of 42,311,118 units, each comprising one common share and/or a prefunded warrant to purchase one common share at an exercise price of $0.01, a series A warrant at an exercise price of $0.81, and a series B warrant at an exercise price of $0.54 [3]. Group 2: Acquisition Plans - The proceeds from the offering will be used to support the acquisition of a millwork, cabinetry, and door manufacturer based in Las Vegas, Nevada, which reported unaudited revenue of $33.1 million and net income of $10.4 million for the trailing twelve months ended September 30, 2024 [4]. Group 3: Company Representation and Future Outlook - Sichenzia Ross Ference Carmel LLP represented Spartan Capital Securities, LLC in the transaction, highlighting the importance of this private placement for 1847 Holdings' strategic acquisition plan [6]. - Spartan Capital Securities expressed its commitment to supporting 1847 Holdings in executing its vision for long-term value creation [6].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 19, 2024 | --- | --- | |---------------------------------------------------------------------------------------------------------------|-----------------------| | (Exact name of registrant as specified in its charter) \nDelaware 001-41368 | 38-3922937 | | (State or other jurisdiction ( ...

Financial Position - As of September 30, 2024, total assets decreased to $16.90 million from $39.37 million as of December 31, 2023, representing a decline of approximately 57.1%[12] - Current liabilities decreased to $19.34 million from $28.14 million, a reduction of about 31.5%[12] - The accumulated deficit increased to $87.49 million from $74.84 million, reflecting a rise of about 16.9%[12] - Total shareholders' deficit grew to $26.27 million from $20.04 million, an increase of approximately 31.1%[12] - The company has no goodwill reported as of September 30, 2024, down from $0.68 million as of December 31, 2023[12] - As of December 31, 2023, the total shareholders' deficit was $(20,040,689) with accumulated non-controlling interests of $(1,314,280) and total liabilities of $(74,835,392)[19] - The balance of accumulated deficit increased to $57,315,859, indicating ongoing financial challenges[23] - The balance at March 31, 2023, showed a total shareholders' deficit of $42,804,608, indicating a deteriorating financial position[22] Revenue and Income - Revenues for the three months ended September 30, 2024, were $4,759,090, compared to $4,676,365 for the same period in 2023, representing an increase of 1.77%[15] - The company reported a net income from discontinued operations of $7,873,389 for the three months ended September 30, 2024, compared to a loss of $(722,357) in the prior year[15] - The net income attributable to common shareholders for the three months ended September 30, 2024, was $2,757,873, compared to a loss of $(5,981,334) in the same period last year[15] - For the nine months ended September 30, 2024, total revenues reached $12,390,797, up from $11,657,475 in 2023, indicating a growth of 6.29%[91] - Automotive horns revenue for Q3 2024 was $934,848, a significant increase from $616,189 in Q3 2023, reflecting a growth of 51.63%[88] - Custom cabinets and countertops revenue for the nine months ended September 30, 2024, was $8,555,880, compared to $8,150,092 in 2023, marking an increase of 4.97%[91] Operating Expenses - Total operating expenses increased to $8,172,328 for the three months ended September 30, 2024, from $5,883,608 in the prior year, a rise of 38.88%[15] - The company incurred a personnel expense of $2,406,855 for the three months ended September 30, 2024, up from $1,663,261 in the same period last year, an increase of 44.61%[15] - Total operating expenses for Q3 2024 were $8,172,328, compared to $6,018,904 in Q3 2023, an increase of 36.00%[91] - The company’s personnel expenses for the nine months ended September 30, 2024, were $4,975,516, compared to $4,435,727 in 2023, reflecting an increase of 12.16%[91] Cash Flow - Net cash used in operating activities from continuing operations was $11,688,488 for the nine months ended September 30, 2024, compared to $7,953,559 for the same period in 2023, indicating a 46.5% increase in cash outflow[26] - The company reported net cash provided by investing activities of $17,501,868 for the nine months ended September 30, 2024, compared to a cash outflow of $3,901,545 for the same period in 2023[26] - Net cash provided by financing activities was $2,028,866 for the nine months ended September 30, 2024, compared to $10,576,260 for the same period in 2023, reflecting a decrease of 80.8%[26] - Cash from continuing operations at the end of the period was $10,217,191, a significant increase from $452,284 at the end of the previous period[26] Discontinued Operations - The company recognized a gain on the disposition of subsidiaries amounting to $10,083,621[26] - For the nine months ended September 30, 2024, revenues from discontinued operations were $870,952, compared to $6,887,589 for the same period in 2023[58] - The net loss from discontinued operations for the nine months ended September 30, 2024, was $299,115, compared to a loss of $1,011,969 in 2023[58] - The company recognized a gain on the disposition of ICU Eyewear's assets amounting to $4,841,735 for the nine months ended September 30, 2024[62] - Revenues from discontinued operations for the three months ended September 30, 2024, were $1,239,327, a decrease of 70.8% compared to $4,243,254 for the same period in 2023[68] Debt and Financing - The Company issued 20% original issue discount subordinated promissory notes in the aggregate principal amount of $3,125,000, due on February 11, 2024[118] - The Company recognized a loss on extinguishment of debt totaling $1,476,560 during the nine months ended September 30, 2024[124] - The Company entered into a non-recourse funding agreement for the sale of future revenues totaling $1,965,000, resulting in net cash proceeds of $1,410,000, with weekly payments of $39,300[159] - The combined total outstanding principal balance of secured convertible promissory notes is $22,790,057, net of a debt discount of $1,304,637[167] Management and Future Plans - The Company has generated operating losses since its inception and expects insufficient cash to sustain operations without additional financing within the next twelve months[48] - Management plans to secure additional financing through debt and equity offerings to address liquidity concerns[50]

NEW YORK, NY, Oct. 31, 2024 (GLOBE NEWSWIRE) -- 1847 Holdings LLC (NYSE American: EFSH) ("1847 Holdings" or the "Company"), a holding company focused on identifying and investing in high-potential middle-market businesses, announced today the successful close of its fully marketed public offering, generating gross proceeds of $11.1 million, prior to deducting placement agent fees and other offering expenses. The offering comprised 8,809,512 units at a public offering price of $1.26 per unit. Each unit inclu ...

As filed with the Securities and Exchange Commission on September 18, 2024 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 1847 HOLDINGS LLC (Exact name of registrant as specified in its charter) Delaware 5700 38-3922937 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 590 Madison Avenue, ...