BRIEF-1847 Holdings Receives Non-Binding LOI From Potential Strategic Acquirer-March 2024-www.financetom.com

BRIEF-1847 Holdings Receives Non-Binding LOI From Potential Strategic Acquirer

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BRIEF-1847 Holdings Receives Non-Binding LOI From Potential Strategic Acquirer

Apr 11, 2024 6:10 AM

April 11 (Reuters) - 1847 Holdings LLC ( EFSH ):

* 1847 HOLDINGS LLC ( EFSH ) - ON APRIL 10 RECEIVED NON-BINDING

LETTER OF

INTENT FROM A POTENTIAL STRATEGIC ACQUIROR

* 1847 HOLDINGS LLC ( EFSH ) - LOI RELATING TO POTENTIAL ACQUISITION

OF ALL

OR SUBSTANTIALLY ALL OF ASSETS OF CO'S SUBSIDIARY, 1847 CABINETS

INC.

* 1847 HOLDINGS LLC ( EFSH ) - PURCHASE PRICE FOR ACQUISITION WOULD

BE UP

TO $27 MILLION

* 1847 HOLDINGS LLC ( EFSH ) - PURCHASE PRICE TO BE A MIX OF CASH AT

CLOSING AND A MULTIYEAR EARNOUT THAT MAY BE PAID IN CASH OR

PROMISSORY NOTES OF ACQUIROR

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