1847 secures additional unsecured debt financing with institutional investors to accelerate growth

New york, ny / accesswire / august 14, 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 certain institutional and other accredited investors ("investors"). the company issued to the investors 20% oid subordinated promissory notes ("notes") in the aggregate principal amount of $3,125,000 and warrants for the purchase of an aggregate of 4,098,361 common shares for a total purchase price of $2,500,000 in a private placement transaction.
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