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