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Stock impact report

1847 Holdings Announces 1-for-13 Reverse Split [Yahoo! Finance]

1847 Holdings LLC (EFSH) 
NASDAQ:AMEX Investor Relations: 1847holdings.com/investor-faq
Company Research Source: Yahoo! Finance
identifying over-looked, deep value investment opportunities in middle market businesses, today announced that it will effect a 1-for-13 reverse split ("reverse split") of its common shares that will become effective on July 8, 2024. 1847's common shares will continue to trade on NYSE American under the symbol "EFSH" and will begin trading on a split-adjusted basis when the market opens on July 8, 2024. The new CUSIP number for the common shares following the reverse split will be 28252B861. The reverse split will reduce the number of outstanding shares of the Company's common shares from approximately 7.1 million shares to approximately 0.54 million shares and also reduce the Company's float from approximately 6.8 million shares to approximately 0.53 million shares. Ellery W. Roberts, CEO of 1847, stated, "We believe this strategic restructuring of the Company's capitalization better positions us for the ongoing serial accretive acquisitions we have in the pipeline. Our focus rem Show less Read more
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