1847 Holdings Announces Plans for Up To $25 Million Capital Raise
NEW YORK, Jan. 11, 2021 (GLOBE NEWSWIRE) -- 1847 Holdings LLC (OTCQB: EFSH) (the “Company” or “1847 Holdings”), a publicly traded, diversified acquisition holding company that leverages its management expertise to acquire lower-middle market businesses at attractive valuations in industries with unique characteristics and defensible market positions, today announced that it plans to launch a capital raising effort under Regulation D, Rule 506(c) of the Securities Act. The targeted amount of the 14% Series B Convertible Preferred Share capital raise is $25 million. The use of proceeds for the offering will be primarily for working capital and future acquisitions. Recently, on July 31, 2020
