EFSH - Why 1847 Holdings (EFSH) Stock Is Falling Sharply | Benzinga

1847 Holdings LLC (NASDAQ:EFSH) shares are trading lower by 37.5% to $0.70 during Monday’s session after the company late Friday filed a prospectus for the potential sale of 1,394,052 common shares by selling shareholders. This includes 92,937 shares issuable upon warrant exercise and 1,301,115 shares convertible from subordinated promissory notes valued at $625,000, which can only be converted in case of a default event.

The company will not benefit from the sale proceeds of these common shares, except for funds received from the exercise of warrants. The warrants have no public market.

The selling shareholders may sell these shares through various means, including public or private transactions, potentially involving underwriters, broker-dealers or agents, who may receive compensation.

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