M&A: 1847 Holdings LLC

Form Type: 8-K

Filing Date: 2024-12-18

Corporate Action: Acquisition

Type: New

Accession Number: 000121390024110185

Comments: On December 16, 2024, 1847 Holdings LLC completed the acquisition of CMD Inc. and CMD Finish Carpentry LLC through its subsidiary, 1847 CMD Inc. This acquisition, which was originally agreed upon on November 4, 2024, involved a total purchase price of $18.75 million, with $17.75 million in cash and a promissory note for $1.05 million. The acquisition is subject to a post-closing working capital adjustment. Additionally, a management services agreement was established between 1847 CMD and 1847 Partners LLC for ongoing management services. The company also executed a securities purchase agreement to raise approximately $11.42 million through the issuance of units comprising common shares and warrants. Furthermore, there are provisions for shareholder approval for future exercises of warrants at adjusted prices.

Document Link: View Document