1847 secures additional unsecured debt financing with a premier institutional investor to accelerate growth

New york, ny / accesswire / february 28, 2023 / 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 it has closed an unsecured debt financing with mast hill fund. the company issued to mast hill fund a promissory note in the aggregate principal amount of $878,000, which includes an original issue discount in the amount of $87,800, five-year warrant for the purchase of an aggregate of 182,917 common shares of the company at an exercise price of $4.20 per share (subject to adjustment), which may be exercised on a cashless basis if the market price of the common shares is greater than the exercise price, and a five-year warrant for the purchase of 198,343 common shares of the company at an exercise price of $0.01 per share (subject to adjustment), which may be exercised on a cashless basis if the market price of the common shares is greater than the exercise price.
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