1847 Holdings Announces it will Request a Review of Delisting Determination
1847 Holdings (OTC PINK:EFSH) has announced its intention to request a review of the NYSE American's delisting determination. Following the April 3, 2025 notification from NYSE American Regulation Staff to delist and suspend trading of the company's common shares, EFSH submitted a request for an oral hearing on April 9th.
The hearing will be conducted before a NYSE American Listing Qualifications Panel, expected to be scheduled within 45 days of the hearing request. The company will have the opportunity to present its case challenging the Staff Determination. After the hearing, the Panel will issue a written decision detailing the grounds for their determination, with the company having 15 calendar days to request a review of the Panel's decision.
Trading of EFSH common shares remains suspended pending the review outcome.
1847 Holdings (OTC PINK:EFSH) ha annunciato l'intenzione di richiedere una revisione della decisione di delisting da parte della NYSE American. Dopo la notifica del 3 aprile 2025 da parte dello staff di regolamentazione della NYSE American riguardante la rimozione e la sospensione della negoziazione delle azioni ordinarie della società, EFSH ha presentato una richiesta di udienza orale il 9 aprile.
L'udienza si terrà davanti a un Panel di qualificazione per la quotazione della NYSE American, e si prevede che venga programmata entro 45 giorni dalla richiesta. La società avrà l'opportunità di presentare le proprie argomentazioni per contestare la decisione dello staff. Al termine dell'udienza, il Panel emetterà una decisione scritta che spiegherà i motivi della determinazione, e la società avrà 15 giorni di calendario per richiedere una revisione della decisione del Panel.
La negoziazione delle azioni ordinarie EFSH rimane sospesa in attesa dell'esito della revisione.
1847 Holdings (OTC PINK:EFSH) ha anunciado su intención de solicitar una revisión de la decisión de exclusión de la NYSE American. Tras la notificación del 3 de abril de 2025 del personal regulador de NYSE American para excluir y suspender la negociación de las acciones comunes de la compañía, EFSH presentó una solicitud para una audiencia oral el 9 de abril.
La audiencia se llevará a cabo ante un Panel de Calificaciones de Listado de NYSE American, y se espera que se programe dentro de los 45 días posteriores a la solicitud. La compañía tendrá la oportunidad de presentar su caso para impugnar la determinación del personal. Después de la audiencia, el Panel emitirá una decisión por escrito detallando los fundamentos de su determinación, y la compañía tendrá 15 días calendario para solicitar una revisión de la decisión del Panel.
La negociación de las acciones comunes de EFSH permanece suspendida a la espera del resultado de la revisión.
1847 Holdings (OTC PINK:EFSH)는 NYSE American의 상장폐지 결정에 대한 재심사를 요청할 계획임을 발표했습니다. 2025년 4월 3일 NYSE American 규제팀으로부터 회사 보통주 상장폐지 및 거래 중단 통지를 받은 후, EFSH는 4월 9일 구두 심리를 요청했습니다.
심리는 NYSE American 상장 자격 심사 위원회 앞에서 진행되며, 요청일로부터 45일 이내에 일정이 잡힐 예정입니다. 회사는 규제팀의 결정을 이의 제기할 기회를 갖게 됩니다. 심리 후, 위원회는 결정 사유를 상세히 설명한 서면 결정을 내리며, 회사는 위원회 결정에 대해 15일 이내에 재심사를 요청할 수 있습니다.
EFSH 보통주 거래는 재심사 결과가 나올 때까지 계속 중단된 상태입니다.
1847 Holdings (OTC PINK:EFSH) a annoncé son intention de demander un réexamen de la décision de radiation de la NYSE American. Suite à la notification du 3 avril 2025 du personnel de régulation de la NYSE American concernant la radiation et la suspension de la négociation des actions ordinaires de la société, EFSH a soumis une demande d'audience orale le 9 avril.
L'audience se tiendra devant un panel de qualification de la NYSE American, et devrait être programmée dans les 45 jours suivant la demande. La société aura l'opportunité de présenter sa défense pour contester la décision du personnel. Après l'audience, le panel rendra une décision écrite détaillant les motifs de sa détermination, et la société disposera de 15 jours calendaires pour demander un réexamen de cette décision.
La négociation des actions ordinaires EFSH reste suspendue en attendant l'issue de la révision.
1847 Holdings (OTC PINK:EFSH) hat seine Absicht bekannt gegeben, eine Überprüfung der Delisting-Entscheidung der NYSE American zu beantragen. Nach der Benachrichtigung vom 3. April 2025 durch das Regulierungs-Team der NYSE American über die Delistung und Aussetzung des Handels mit den Stammaktien des Unternehmens hat EFSH am 9. April eine mündliche Anhörung beantragt.
Die Anhörung wird vor einem Listing Qualifications Panel der NYSE American stattfinden und voraussichtlich innerhalb von 45 Tagen nach Antragstellung terminiert. Das Unternehmen hat die Möglichkeit, seinen Fall darzulegen und die Entscheidung des Personals anzufechten. Nach der Anhörung wird das Panel eine schriftliche Entscheidung mit den Gründen für seine Feststellung veröffentlichen, und das Unternehmen hat 15 Kalendertage Zeit, um eine Überprüfung der Entscheidung des Panels zu beantragen.
Der Handel mit den Stammaktien von EFSH bleibt bis zum Ergebnis der Überprüfung ausgesetzt.
- Company actively pursuing appeal process against delisting determination
- Trading of company shares suspended on NYSE American
- Facing potential delisting from NYSE American
- Downgrade to OTC Pink trading status
Trading of the Company's Common Shares to Remain Suspended
NEW YORK CITY, NY / ACCESS Newswire / April 16, 2025 / 1847 Holdings LLC (OTC PINK:EFSH) ("1847 Holdings" or the "Company") today provided an update on its request for a review of the delisting determination issued by the NYSE American.
As previously disclosed, on April 3, 2025, the NYSE American Regulation Staff notified 1847 Holdings LLC (the "Company") that it had determined to commence proceedings to delist the Company's common shares and to suspend trading of those shares as of that date. On April 9th, the Company submitted a request to the NYSE American ("NYSEA") for an oral hearing to review that determination (the "Staff Determination"). The hearing will be held before an NYSEA Listing Qualifications Panel (the "Panel"). According to the NYSE American Company Guide, the hearing is to be scheduled on a date to be determined by the NYSEA Office of General Counsel, to the extent practicable, within 45 days of the date on which the Company filed its request for a hearing with the NYSEA. A schedule setting deadlines for submission of briefs and other materials by the parties will be issued in advance of the hearing. The Company may make a presentation at the hearing in support of its challenge to the Staff Determination. After the hearing, the Panel is supposed to issue a written decision describing the specific grounds for its determination, including, if applicable, the basis for its determination that the securities of the issuer, here, the Company, should continue to be listed as permitted by Section 1009 of the NYSE American Company Guide or that the Staff Determination was in error. The decision is also supposed to notify the Company that it may request review of the Panel's decision within 15 calendar days of the date thereof. Upon its issuance, the Panel's decision is to be provided promptly to the Company and effective immediately, subject to some exceptions.
In the meantime, trading of the Company's common shares remains suspended pending the outcome of the review.
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
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