1847 Holdings LLC (“1847” or the “Company”) (NYSE:EFSH), a unique holding company that combines the attractive attributes of owning private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, announced today that its Board of Directors has formally issued the previously announced dividend in the form of warrants to purchase the Company’s common shares at $4.20 per common share. The warrants were issued on January 3, 2023 to shareholders of record on December 23, 2022. In connection with the issuance of the dividend, the Company has engaged VStock Transfer, LLC, the Company’s transfer agent, to act as the Company’s Warrant Agent to oversee the issuance of the dividend.
Each shareholder of the Company’s common shares will receive one warrant for every 10 common shares owned as of the record date (with the number of warrants rounded down to the nearest whole number). Each warrant will entitle the holder to purchase one common share at an exercise price of $4.20 per common share, subject to certain anti-dilution adjustments, and will expire on January 3, 2026. The warrants will generally be exercisable in whole or in part beginning on the later of January 3, 2024 or the date that a registration statement has been filed with and declared effective by the Securities and Exchange Commission (the “SEC”) with respect to the issuance of the common shares underlying the warrants. The warrants are being mailed out to each shareholder’s address on file with VStock Transfer, LLC this week and shareholders should expect to receive their warrants by the end of next week. If you are a shareholder and have not received your warrants by that time, please contact info@1847holdings.com.
