Welcome to our dedicated page for 1847 Holdings news (Ticker: EFSH), a resource for investors and traders seeking the latest updates and insights on 1847 Holdings stock.
News about 1847 Holdings LLC (EFSH) focuses heavily on its activities as a diversified acquisition holding company and on developments affecting its capital markets profile. Press releases consistently describe 1847 Holdings as a holding company that specializes in identifying overlooked, deep-value investment opportunities in middle market and lower-middle market businesses, acquiring what it views as solid companies at reasonable multiples of cash flow and then strengthening their infrastructure and operations.
Investors following EFSH news will find updates on acquisitions, divestitures, and strategic alternatives for portfolio companies. For example, the company has reported the acquisition of CMD Inc., a provider of door solutions, custom cabinetry, and building enhancements, and later announced that it is exploring strategic alternatives for CMD due to strong inbound interest from strategic and financial sponsors. News items also cover divestitures such as the sale of High Mountain Door & Trim Inc. and the disposition of ICU Eyewear, which the company cites as part of its disciplined approach to value creation.
Another major theme in 1847 Holdings’ news flow is exchange listing and trading status. The company has issued multiple releases about NYSE American’s decision to commence delisting proceedings, the suspension of trading on that exchange, its request for a review, the Listing Qualifications Panel’s decision to uphold the delisting, and the subsequent filing of Form 25. Additional releases describe applications to have the common shares quoted on OTC markets, including the OTCQB Venture Market and the OTC Pink Limited tier, as well as the company’s stated objective of ultimately relisting on a senior U.S. exchange.
News releases also provide financial updates and guidance, including discussions of revenue growth, gross profit, operating income, net income from continuing operations, cash flow from operations, and non-GAAP measures such as EBITDA and Adjusted EBITDA. Management commentary often links these results to the company’s strategy of acquiring, enhancing, and monetizing undervalued businesses. For ongoing context on EFSH, readers can review these news items to track portfolio changes, financial performance, and developments in trading venue and capital structure.
1847 Holdings (NYSE American:EFSH) has adopted a Quarterly Dividend and Distribution Policy, intending to distribute $0.13125 per share quarterly, totaling $0.525 annually. This decision reflects confidence in the company's financial strength, subject to cash flow sufficiency from its subsidiaries. The Board will approve distributions based on operational results and business conditions, with payments expected in March, June, September, and December. CEO Ellery W. Roberts projects that annual dividends will represent approximately 55% of cash available for shareholder distributions.
1847 Holdings (NYSE American: EFSH) reported Q2 2022 revenues of $12.9 million, marking a 94% increase from Q2 2021, driven by substantial growth in the construction segment. However, revenues from the retail and appliances segment declined by 14.5%.
The company faced a net loss from continuing operations of $147,668 compared to a net income of $2.98 million in the previous year. Key developments included debt conversion of $5.4 million to equity and a public offering raising $6 million, reinforcing the company's balance sheet.
1847 Holdings (NYSE American:EFSH) announced the pricing of a public offering of 1,428,572 Common Shares at $4.20 per share, anticipating gross proceeds of approximately $6 million. The offering includes a 45-day option for underwriters to purchase an additional 214,286 shares. Trading of the shares commenced on August 3, 2022, with the offering expected to close around August 5, 2022. The registration statement was declared effective by the SEC on August 2, 2022. This offering aims to strengthen the company's capital base and enhance its acquisition strategy.
1847 Holdings (NYSE American:EFSH) announced an underwritten public offering of 1,428,572 Common Shares at $4.20 per share, aiming for approximately $6 million in gross proceeds. An additional option for underwriters to purchase 214,286 shares is included. Trading is set to begin on August 3, 2022, with closing anticipated around August 5, 2022, pending customary conditions. This move supports 1847 Holdings' strategy of acquiring lower-middle market businesses and enhancing their operations.
1847 Holdings LLC (OTCQB:EFSH) has announced an extension of the pricing for its public offering of Common Shares, now set for August 2, 2022. The company has received NYSE American approval for its shares to trade under the symbol EFSH, beginning August 3, 2022. The offering is on a firm commitment basis, managed by Craft Capital and R.F. Lafferty & Co. It's worth noting that the registration statement for these securities has been filed with the SEC but is not yet effective, meaning no sales can occur until it is approved.
1847 Holdings LLC (OTCQB:EFSH) has declared a cash dividend of $0.13125 per share for its common shares, subject to the upcoming public offering's closing. The anticipated effective date of the Registration Statement is August 1, with a record date of August 3. Investors who purchase shares on August 1 and hold until the record date will qualify for the dividend. CEO Ellery W. Roberts emphasizes the commitment to shareholder value through regular dividends and the potential growth from various operating subsidiaries.
1847 Holdings (OTCQB:EFSH) has filed a Registration Statement on Form S-1 with the SEC for a proposed public offering of approximately $7.5 million in Common Shares. The offering price is estimated to be between $4.20 and $6.20 per share following a 1-for-4 reverse split. Trading on the NYSE American under the ticker EFSH is set to begin on August 2, 2022, with pricing expected on August 1, 2022. Craft Capital and R.F. Lafferty & Co. are serving as Co-Managers for this firm commitment offering.
1847 Holdings (OTCQB:EFSH) announced a strategic agreement to convert $5.4 million of debt and accounts payable into restricted common stock. This move is expected to strengthen the corporate balance sheet and enhance shareholder value. The conversion will take place automatically upon the SEC's declaration of effectiveness for the company's Registration Statement on Form S-1 for an upcoming public offering. Such actions align with 1847 Holdings' investment strategy, targeting lower-middle market businesses to improve operations and potentially lead to higher valuations.
1847 Holdings (OTCQB:EFSH) has received approval to uplist to the NYSE American Exchange, set to begin trading on July 22, 2022. The move aims to enhance company visibility within the investment community and provide liquidity and transparency as a publicly traded firm. CEO Ellery W. Roberts expressed gratitude to employees and shareholders, viewing this uplisting as a significant milestone for the company. The ticker symbol EFSH will remain unchanged as it transitions to the NYSE.
1847 Holdings (OTCQB: EFSH) reported a remarkable 153% revenue increase in Q1 2022, reaching $12.1 million compared to $4.8 million in Q1 2021. The surge was driven mainly by a 421.9% rise in construction revenues, thanks to recent acquisitions. Despite this growth, the company faced a net loss of $927,208, slightly higher than the previous year's $853,992. The firm announced the declaration of its second quarterly cash dividend and received conditional approval for a NYSE American listing, pending a public offering.
FAQ
What is the current stock price of 1847 Holdings (EFSH)?
What is the market cap of 1847 Holdings (EFSH)?
