1847 holdings announces expected $5.4 million debt reduction through conversion into restricted common shares of the company

New york ny / accesswire / july 28, 2022 / 1847 holdings llc (otcqb:efsh) ("1847 holdings"), a publicly traded holding company platform that combines the attractive attributes of private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, today announced that the company has come to agreement with several holders of its subsidiaries' indebtedness and a holder of accounts payable to convert $5.4 million in debt and accounts payable to restricted shares of common stock, which will further strengthen the corporate balance sheet and increase shareholder value. the conversion of the debt and accounts payable is being effected through conversion agreements entered into with the holders of such debt and accounts payable.
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