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].
Spartan Capital Securities, LLC Serves as Sole Placement Agent in 1847 Holdings LLC's $11.424 Million Private Placement