1847 Holdings LLC Announces Pricing Of $5M Public Offering Of 5M Shares And/Or Pre-Funded Warrants In Lieu Of Shares, Priced At A Public Offering Price Of $1/Share Or Pre-Funded Warrant
Portfolio Pulse from Benzinga Newsdesk
1847 Holdings LLC (EFSH) announced a public offering aiming to raise $5M through the sale of 5M shares and/or pre-funded warrants at $1 each. The offering, managed by Spartan Capital Securities, LLC, allows for the purchase of shares or warrants to avoid exceeding ownership thresholds. The closing is expected around February 13, 2024.
February 09, 2024 | 2:22 pm
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1847 Holdings LLC announces a $5M public offering at $1 per share/warrant, managed by Spartan Capital Securities, aiming for a closing by Feb 13, 2024.
The announcement of a public offering at $1 per share or warrant indicates a strategic move to raise capital. However, the impact on the stock price can be neutral in the short term as the offering could dilute existing shares, but also provides the company with capital for growth or operations. The final effect depends on investor perception of the company's value and use of proceeds.
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