NEW YORK, April 27, 2022 (GLOBE NEWSWIRE) — 1847 Holdings LLC (OTCQB:EFSH) (“1847 Holdings”), a publicly traded holding company platform that combines the attractive attributes of lower-middle-market private companies with the liquidity and transparency of a publicly traded company, today announced that, subject to meeting all requirements (including the price requirement) at the time of listing, the company has been approved to be transferred to the NYSE American Exchange in a public offering of the Company’s common stock and warrants. The ticker symbol for the common shares of the Company will remain unchanged, as “EFSH”, and the ticker symbol for the warrants of the Company will be “EFSHWS”. The shares and warrants are expected to begin trading when markets open on April 29, 2022.
“Our transition to a senior US exchange marks an important milestone for 1847 Holdings and the start of the next chapter in our growth,” commented Ellery W. Roberts, CEO of 1847 Holdings. “I want to thank our entire team for their role in helping us achieve this significant achievement, and I want to thank our valued shareholders for their continued support. I am more confident than ever in the future of 1847 Holdings, and as we continue to create new value, we look forward to continuing our vision and our commitment to share our successes with our shareholders.
About 1847 Holdings LLC
1847 Holdings LLC (OTCQB: EFSH), a publicly traded diversified acquisition holding company, was founded by Ellery W. Roberts, former partner of Parallel Investment Partners, Saunders Karp & Megrue and director of Lazard Freres Strategic Realty Investors. 1847 Holdings’ investment thesis is that capital market inefficiencies have left founders and/or stakeholders of many small or lower middle market companies with limited exit options despite the intrinsic value of their business. Given this dynamic, 1847 Holdings can systematically acquire businesses that it considers “strong” for reasonable multiples of cash flow, and then deploy resources to strengthen those businesses’ infrastructure and systems to improve operations. These improvements may lead to the sale or IPO of an operating subsidiary at valuations above 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.
This press release may contain information about 1847 Holdings’ views on 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 regarding our future economic performance, taking into account 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 could cause our actual results, performance or financial condition to be materially different from expectations regarding future results, performance or performance. financial situation. Our actual results may differ materially from the results discussed in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, the risks set forth in the “Risk Factors” section included in our filings with the SEC.
Ellery W. Roberts, Founder and CEO
1847 Holdings LLC
Dave Gentry, CEO
Office: 1.800.RED.CHIP (733.2447)