1847 Announces Sale of ICU Eyewear; Eliminating $4.2 Million of Debt From the Balance Sheet [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 has been working with its senior secured lender to sell all or substantially all of the assets of its ICU Eyewear business. On August 5, 2024, the Company received notice from its senior secured lender that a private sale of the assets (constituting the collateral under the lender's loan) occurred on such date pursuant to a bill of sale. As a result of the lender's private sale of all or substantially all of the assets of the ICU Eyewear business, approximately $4.2 million of debt will be removed from the Company's balance sheet. Mr. Ellery W. Roberts, CEO of 1847 Holdings, commented, "Our support of the lender in its sale of ICU Eyewear was a strategic decision that will eliminate $4.2 million of debt from our balance sheet, significantly strengthening our financial position. Following the acquisition, we were able to clean up the books, strengthen the infrastructure,
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EFSH
News
- 1847 Reports Second Quarter 2024 Financial Results and Provides Business UpdateAccesswire
- 1847 Announces Sale of ICU Eyewear; Eliminating $4.2 Million of Debt From the Balance Sheet Accesswire
- 1847 Provides Sale Status Update on a Division of 1847 Cabinets Inc. [Yahoo! Finance]Yahoo! Finance
- 1847 Provides Sale Status Update on a Division of 1847 Cabinets Inc. Accesswire
EFSH
Sec Filings
- 9/18/24 - Form S-1
- 8/23/24 - Form 8-K
- 8/22/24 - Form 8-K
- EFSH's page on the SEC website