Cancel OK

1847 Holdings Announces it will Request a Review of Delisting Determination

General News
Company Logo: 1847 Holdings

Trading of the Company’s Common Shares to Remain Suspended

1847 Holdings LLC (“1847 Holdings” or the “Company”) announced that it will be submitting a request for review of the delisting determination issued by the NYSE American.

On April 3, 2025, the Company received a notice from NYSE American LLC stating that the staff of NYSE Regulation has determined to initiate delisting proceedings for the Company’s common shares. As a result, trading in the Company’s common shares was immediately suspended. The determination was made under Section 1003(f)(v) of the NYSE American Company Guide, citing the low selling price of the Company’s common shares as the basis for delisting. The Company has a right to a review of the staff’s determination to delist the Company’s common shares by providing required notice on or before April 10, 2025. The Company intends to submit such notice.

As a result, trading of the Company’s common shares will remain suspended pending the outcome of the review. The common shares will not be quoted on the OTC Pink Sheets, or another level of the OTC market, during this period.

About 1847 Holdings

1847 Holdings LLC (NYSE American: EFSH), a publicly traded diversified acquisition holding company, was founded by Ellery W. Roberts, a former partner of Parallel Investment Partners, Saunders Karp & Megrue, and Principal of Lazard Freres Strategic Realty Investors. 1847 Holdings’ investment thesis is that capital market inefficiencies have left the founders and/or stakeholders of many small business enterprises or lower-middle market businesses with limited exit options despite the intrinsic value of their business. Given this dynamic, 1847 Holdings can consistently acquire businesses it views as “solid” for reasonable multiples of cash flow and then deploy resources to strengthen the infrastructure and systems of those businesses in order to improve operations. These improvements may lead to a sale or IPO of an operating subsidiary at higher valuations than the purchase price and/or alternatively, an operating subsidiary may be held in perpetuity and contribute to 1847 Holdings’ ability to pay regular and special dividends to shareholders. For more information, visit www.1847holdings.com.

For the latest insights, follow 1847 on Twitter.

Contact:

Crescendo Communications, LLC – EFSH@crescendo-ir.com – (212) 671-1020

Source: 1847 Holdings LLC