1847 Holdings Prices $11.1M Public Offering At $1.26 Per Unit, Comprising Common Shares, Series A And B Warrants; Closing Expected October 30, 2024
Portfolio Pulse from Benzinga Newsdesk
1847 Holdings has announced the pricing of an $11.1 million public offering at $1.26 per unit, which includes common shares and Series A and B warrants. The closing of this offering is expected on October 30, 2024.
October 29, 2024 | 1:17 pm
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1847 Holdings is conducting an $11.1 million public offering at $1.26 per unit, which includes common shares and Series A and B warrants. The offering is expected to close on October 30, 2024.
The public offering could lead to a dilution of existing shares, potentially putting downward pressure on the stock price in the short term. The offering's size and pricing suggest a significant capital raise, which may be viewed negatively by current shareholders.
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