2023-08-30 09:54:56 ET
1847 Holdings ( NYSE: EFSH ) will acquire a premier consumer products company in the US.
The target generated unaudited revenue in excess of $20M and positive EBITDA in 2022.
The acquisition is expected to be funded without the issuance of any common stock or dilutive equity and is expected to be completed before the end of Q3 2023.
"...we expect our projected cash flow will allow us to resume our dividends and opportunistically repurchase stock in the future, subject to establishing a stock buyback plan and future market conditions." commented Ellery W. Roberts, CEO.
More on 1847 Holdings LLC
- 1847 Holdings to evaluate options for non-dilutive restructuring of convertible debt
- 847 Holdings, ICU Eyewear, WOLO develop safety glasses for automotive market
For further details see:
1847 Holdings will buy a consumer products company in the US