1847 Holdings Announces Successful Restructuring Of Promissory Notes, With Two Institutional Investors, Totaling ~$1.75M Outstanding
Portfolio Pulse from Happy Mohamed
1847 Holdings LLC (NYSE:EFSH) has successfully restructured its Promissory Notes, totaling approximately $1.75 million, with two institutional investors. The notes are no longer convertible to equity as long as they are repaid by the company over a 12-month amortization schedule. The restructuring is aimed at protecting shareholders by minimizing equity dilution. The company is in a stronger financial position due to the cash flow generated from its portfolio companies.
August 31, 2023 | 2:32 pm
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1847 Holdings has restructured its Promissory Notes, which are no longer convertible to equity. This move is designed to protect shareholders by minimizing equity dilution and indicates a stronger financial position for the company.
The restructuring of the Promissory Notes by 1847 Holdings is a positive move as it minimizes equity dilution, protecting the interests of shareholders. This, along with the company's statement about its stronger financial position due to the cash flow from its portfolio companies, is likely to have a positive impact on the company's stock in the short term.
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