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GOED - 1847 Goedeker under pressure on $205M stock offering
1847 Goedeker Inc. Commom Stock
1847 Goedeker (GOED) trades 10% down premarket after planning to offer for sale $205M of stock, par value $0.0001/share in an underwritten public offering.Underwriters granted 30-day option to purchase an additional $30.75M of stock.Actual size, offer terms not yet disclosed.Net proceeds to be used for paying partial cash portion of the purchase price for the proposed acquisition of Appliances Connection.