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. Established in 1951, Goedeker's has evolved into a prominent e-commerce platform specializing in appliances, furniture, and home goods. With a strong online presence, over 90% of sales are conducted via its website. This funding aims to enhance its logistics and expand its market position, ensuring a seamless shopping experience for customers in the home category.

Positive

• Successfully raised $10,000,800 through IPO.
• Increased capital to improve logistics infrastructure.
• Strengthened market position as a leading e-commerce destination.

Negative

• Potential dilution of shares due to new equity offering.
• -

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 purpose of the IPO for GOED?

The IPO aimed to raise capital for enhancing logistics and expanding market presence.

How much capital did 1847 Goedeker raise in the IPO?

1847 Goedeker raised $10,000,800 through its Initial Public Offering.

What percentage of sales does Goedeker generate online?

Over 90% of Goedeker's sales are conducted through its website.

Who managed the IPO for 1847 Goedeker?

Aegis Capital Corp. acted as Co-Manager for the Initial Public Offering.

When was the Initial Public Offering for GOED conducted?

The IPO for 1847 Goedeker was conducted on August 10, 2020.