1847 Holdings Announces it will Request a Review of Delisting Determination
Rhea-AI Summary
1847 Holdings (OTC:EFSH) announced its intention to request a review of the delisting determination issued by the NYSE American. The company received a notice on April 3, 2025, from NYSE American stating that NYSE Regulation staff has initiated delisting proceedings for the company's common shares, resulting in an immediate trading suspension.
The delisting determination was made under Section 1003(f)(v) of the NYSE American Company Guide, citing the low selling price of EFSH's common shares. The company has until April 10, 2025, to provide required notice for a review of the staff's determination. During the review period, trading of EFSH's common shares will remain suspended, and the shares will not be quoted on the OTC Pink Sheets or any other OTC market level.
Positive
- Company retains right to appeal delisting determination
Negative
- Trading of EFSH shares immediately suspended on NYSE American
- Company faces delisting from NYSE American due to low share price
- Shares cannot be traded on OTC markets during review period
Trading of the Company's Common Shares to Remain Suspended
NEW YORK CITY, NY / ACCESS Newswire / April 7, 2025 / 1847 Holdings LLC (OTC:EFSH) ("1847 Holdings" or the "Company") today announced that it will be submitting a request for review of the delisting determination issued by the NYSE American.
On April 3, 2025, the Company received a notice from NYSE American LLC stating that the staff of NYSE Regulation has determined to initiate delisting proceedings for the Company's common shares. As a result, trading in the Company's common shares was immediately suspended. The determination was made under Section 1003(f)(v) of the NYSE American Company Guide, citing the low selling price of the Company's common shares as the basis for delisting. The Company has a right to a review of the staff's determination to delist the Company's common shares by providing required notice on or before April 10, 2025. The Company intends to submit such notice.
As a result, trading of the Company's common shares will remain suspended pending the outcome of the review. The common shares will not be quoted on the OTC Pink Sheets, or another level of the OTC market, during this period.
About 1847 Holdings
1847 Holdings LLC, a publicly traded diversified acquisition holding company, was founded by Ellery W. Roberts, a former partner of Parallel Investment Partners, Saunders Karp & Megrue, and Principal of Lazard Freres Strategic Realty Investors. 1847 Holdings' investment thesis is that capital market inefficiencies have left the founders and/or stakeholders of many small business enterprises or lower-middle market businesses with limited exit options despite the intrinsic value of their business. Given this dynamic, 1847 Holdings can consistently acquire businesses it views as "solid" for reasonable multiples of cash flow and then deploy resources to strengthen the infrastructure and systems of those businesses in order to improve operations. These improvements may lead to a sale or IPO of an operating subsidiary at higher valuations than the purchase price and/or alternatively, an operating subsidiary may be held in perpetuity and contribute to 1847 Holdings' ability to pay regular and special dividends to shareholders. For more information, visit www.1847holdings.com.
For the latest insights, follow 1847 on Twitter.
Forward Looking Statements
This press release may contain information about 1847 Holdings' view of its future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on our management's beliefs, assumptions and expectations of our future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause our actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include but are not limited to the risks set forth in "Risk Factors" included in our SEC filings.
Contact:
Crescendo Communications, LLC
Tel: +1 (212) 671-1020
Email: EFSH@crescendo-ir.com
SOURCE: 1847 Holdings LLC
View the original press release on ACCESS Newswire
FAQ
Why is 1847 Holdings (EFSH) being delisted from NYSE American?
When was EFSH stock suspended from trading on NYSE American?
What options does EFSH have regarding the NYSE American delisting notice?
Can EFSH shares be traded on OTC markets during the delisting review period?
