1847 Holdings LLC - EFSH STOCK NEWS

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.

1847 Holdings LLC (OTCQB: EFSH) announced its approval to uplist to the NYSE American Exchange, subject to meeting requirements, alongside an underwritten public offering of common stock and warrants. Trading is set to commence on April 29, 2022. CEO Ellery W. Roberts emphasized the uplist as a significant milestone, enhancing growth prospects and expressing gratitude to shareholders for their support. The company aims to acquire lower-middle market businesses, improving their infrastructures for future value realization.

1847 Holdings (EFSH) has announced its support for the Boys & Girls Clubs of Truckee Meadows in Reno, enhancing community wellness programs. CEO Ellery W. Roberts emphasized the importance of lower-middle market businesses as key economic drivers, committing to replicate this initiative across their operating territories. The financial support aims to improve fitness opportunities for underserved youth. With over 4,300 Clubs nationwide, the organization plays a critical role in fostering a safe environment for youth development.

1847 Holdings (EFSH) reported financial results for FY 2021, showcasing a proforma revenue increase to $51.5 million, up from $41.7 million in 2020. The company completed significant acquisitions, including Wolo and Innovative Cabinets, and secured $24.86 million in institutional funding. Despite the growth, GAAP revenues were $30.66 million, with a net loss of $3.72 million. The company declared its first quarterly dividend in December 2021 and aims to uplist to a major exchange, enhancing future growth potential.

1847 Holdings (OTCQB: EFSH) declared a quarterly dividend of $0.05 per share for Q1 2022, payable on April 15, 2022, to shareholders of record as of March 31, 2022. CEO Ellery W. Roberts emphasized the company's strong performance and commitment to sharing success with shareholders through this second consecutive cash dividend. The press release highlights the company's strategy of acquiring lower-middle market businesses and enhancing their value, indicating a robust operational model.