1847 to acquire icu eyewear, a leading eyewear designer with revenue in excess of $19.0 million and $1.7 million of adjusted ebitda in 2021

Icu eyewear on track to achieve $25.0 million in revenue and $2.0 million of adjusted ebitda in 2022 new york, ny / accesswire / december 22, 2022 / 1847 holdings llc ("1847" or the "company") (nyse american:efsh), a unique holding company that combines the attractive attributes of owning private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, today announced that its wholly owned subsidiary has signed a definitive agreement to acquire icu eyewear holdings inc. ("icu"), a leading designer of over-the-counter (otc), non-prescription reading glasses, sunglasses, blue light blocking eyewear, sun readers and outdoor specialty sunglasses. the acquisition will be funded without the issuance of any common stock or dilutive equity and is expected to be completed during the first quarter of 2023, subject to customary closing conditions.
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