Aegis Capital Corp. acted as Co-Manager on a $10,000,800 Initial Public Offering for 1847 Goedeker Inc. (NYSE American: GOED)

Rhea-AI Summary

1847 Goedeker Inc. has successfully completed a $10,000,800 Initial Public Offering (IPO) with Aegis Capital Corp. acting as Co-Manager. This offering marks a significant step for Goedeker, an established e-commerce retailer specializing in appliances, furniture, and home goods, which transitioned from a local St. Louis operation to a nationwide omnichannel presence since 1951. The company offers over 185,000 products through its website, indicating a strong online sales strategy. With over 90% of sales from online channels, Goedeker is well-positioned for growth in the e-commerce market.

Positive

• Successful IPO of $10,000,800 enhances financial position.
• Transitioned from local to nationwide omnichannel retailer.
• Offers over 185,000 products, indicating a broad product range.
• More than 90% of sales generated online, highlighting strong e-commerce focus.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / August 10, 2020 / Aegis Capital Corp. acted as Co-Manager on a $10,000,800 Initial Public Offering for 1847 Goedeker Inc. (NYSE American: GOED)

About 1847 Goedeker Inc.

1847 Goedeker (Goedeker's) (NYSE American:GOED) is an industry leading e-commerce destination for appliances, furniture, and home goods. Since its founding in 1951, Goedeker's has transformed from a local brick and mortar operation serving the St. Louis metro area to a respected nationwide omnichannel retailer that offers one-stop shopping for national and global brands. While the Company maintains its St. Louis showroom, over 90% of sales are placed through its website (www.goedekers.com). Goedeker's provides visitors an easy to navigate shopping experience and offers more than 185,000 items organized by category and product features. Specialization in the home category has enabled Goedeker's to build a shopping experience and an advanced logistics infrastructure that is tailored to the unique characteristics of the market. Learn more at www.goedekers.com.

About Aegis Capital Corp.

Aegis Capital Corporation ("Aegis") has been in the wealth management and investment banking business since 1984. Aegis is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis also provides research and sales and trading services to institutional investors. Aegis offers its investment representatives a conflict free service platform and is able to provide a full-range of products and services.

For more information about this offering or Investment Banking Services please email InvestmentBanking@aegiscap.com or call (212) 813-1010

www.aegiscapcorp.com

This communication has been prepared by Aegis Capital Corporation for distribution to Aegis Capital Corporation's clientele. This communication is not intended for public dissemination and the recipient is prohibited from sharing this information. This communication has been prepared for institutional - accounts, as defined within FINRA Rule 4512(c), who (1) are capable of evaluating investment risks independently, both in general and with regard to all transactions and investment strategies involving a security or securities; and (2) will exercise independent judgment in evaluating the recommendations of any broker - dealer or its associated persons. This communication is not a product of Aegis Capital Corporation Research Department. Aegis Capital Corporation., Member FINRA, SIPC.

SOURCE: Aegis Capital Corp.

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FAQ

What was the size of the IPO for 1847 Goedeker Inc. (GOED)?

The IPO for 1847 Goedeker Inc. was $10,000,800.

Who managed the IPO for 1847 Goedeker Inc. (GOED)?

Aegis Capital Corp. acted as Co-Manager for the IPO.

What sector does 1847 Goedeker Inc. (GOED) operate in?

1847 Goedeker Inc. operates in the e-commerce sector, specializing in appliances, furniture, and home goods.

How has 1847 Goedeker Inc. (GOED) evolved since its founding?

Since its founding in 1951, 1847 Goedeker has transformed from a local retailer to a respected nationwide omnichannel retailer.