1847 Holdings Announces it will Request a Review of Delisting Determination
1847 Holdings (OTC:EFSH) announced its intention to request a review of the delisting determination issued by the NYSE American. The company received a notice on April 3, 2025, from NYSE American stating that NYSE Regulation staff has initiated delisting proceedings for the company's common shares, resulting in an immediate trading suspension.
The delisting determination was made under Section 1003(f)(v) of the NYSE American Company Guide, citing the low selling price of EFSH's common shares. The company has until April 10, 2025, to provide required notice for a review of the staff's determination. During the review period, trading of EFSH's common shares will remain suspended, and the shares will not be quoted on the OTC Pink Sheets or any other OTC market level.
1847 Holdings (OTC:EFSH) ha annunciato la sua intenzione di richiedere una revisione della determinazione di delisting emessa dalla NYSE American. La societ脿 ha ricevuto un avviso il 3 aprile 2025 dalla NYSE American che informa che il personale della NYSE Regulation ha avviato le procedure di delisting per le azioni ordinarie della societ脿, risultando in una sospensione immediata delle negoziazioni.
La determinazione di delisting 猫 stata presa ai sensi della Sezione 1003(f)(v) della Guida alle Societ脿 NYSE American, citando il basso prezzo di vendita delle azioni ordinarie di EFSH. La societ脿 ha tempo fino al 10 aprile 2025 per fornire il necessario avviso per una revisione della determinazione del personale. Durante il periodo di revisione, le negoziazioni delle azioni ordinarie di EFSH rimarranno sospese e le azioni non saranno quotate sui OTC Pink Sheets o su altri livelli di mercato OTC.
1847 Holdings (OTC:EFSH) anunci贸 su intenci贸n de solicitar una revisi贸n de la determinaci贸n de deslistado emitida por la NYSE American. La compa帽铆a recibi贸 un aviso el 3 de abril de 2025 de la NYSE American informando que el personal de NYSE Regulation ha iniciado procedimientos de deslistado para las acciones ordinarias de la compa帽铆a, lo que result贸 en una suspensi贸n inmediata de las operaciones.
La determinaci贸n de deslistado se realiz贸 bajo la Secci贸n 1003(f)(v) de la Gu铆a de Empresas de NYSE American, citando el bajo precio de venta de las acciones ordinarias de EFSH. La compa帽铆a tiene hasta el 10 de abril de 2025 para proporcionar el aviso requerido para una revisi贸n de la determinaci贸n del personal. Durante el per铆odo de revisi贸n, las operaciones de las acciones ordinarias de EFSH permanecer谩n suspendidas y las acciones no se cotizar谩n en los OTC Pink Sheets ni en ning煤n otro nivel de mercado OTC.
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1847 Holdings (OTC:EFSH) a annonc茅 son intention de demander une r茅vision de la d茅cision de radiation 茅mise par la NYSE American. La soci茅t茅 a re莽u un avis le 3 avril 2025 de la NYSE American indiquant que le personnel de la NYSE Regulation a engag茅 des proc茅dures de radiation pour les actions ordinaires de la soci茅t茅, entra卯nant une suspension imm茅diate des transactions.
La d茅cision de radiation a 茅t茅 prise en vertu de la section 1003(f)(v) du guide des entreprises de la NYSE American, citant le faible prix de vente des actions ordinaires d'EFSH. La soci茅t茅 a jusqu'au 10 avril 2025 pour fournir l'avis requis pour une r茅vision de la d茅cision du personnel. Pendant la p茅riode de r茅vision, le trading des actions ordinaires d'EFSH restera suspendu et les actions ne seront pas cot茅es sur les OTC Pink Sheets ou 脿 tout autre niveau de march茅 OTC.
1847 Holdings (OTC:EFSH) gab bekannt, dass sie die Absicht hat, eine 脺berpr眉fung der von der NYSE American erlassenen Delisting-Entscheidung zu beantragen. Das Unternehmen erhielt am 3. April 2025 eine Mitteilung von der NYSE American, dass das Personal der NYSE Regulation Verfahren zum Delisting der Stammaktien des Unternehmens eingeleitet hat, was zu einer sofortigen Handelsaussetzung f眉hrte.
Die Delisting-Entscheidung wurde gem盲脽 Abschnitt 1003(f)(v) des Unternehmensleitfadens der NYSE American getroffen, wobei der niedrige Verkaufspreis der Stammaktien von EFSH angef眉hrt wurde. Das Unternehmen hat bis zum 10. April 2025 Zeit, um die erforderliche Mitteilung zur 脺berpr眉fung der Entscheidung des Personals bereitzustellen. W盲hrend des 脺berpr眉fungszeitraums bleibt der Handel mit den Stammaktien von EFSH ausgesetzt, und die Aktien werden nicht an den OTC Pink Sheets oder einem anderen OTC-Marktniveau notiert.
- Company retains right to appeal delisting determination
- Trading of EFSH shares immediately suspended on NYSE American
- Company faces delisting from NYSE American due to low share price
- Shares cannot be traded on OTC markets during review period
Trading of the Company's Common Shares to Remain Suspended
NEW YORK CITY, NY / / April 7, 2025 / 1847 Holdings LLC (OTC:EFSH) ("1847 Holdings" or the "Company") today 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, 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 AG真人官方ty 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 .
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Forward Looking Statements
This press release may contain information about 1847 Holdings' view of its future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on our management's beliefs, assumptions and expectations of our future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause our actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include but are not limited to the risks set forth in "Risk Factors" included in our SEC filings.
Contact:
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Tel: +1 (212) 671-1020
Email: [email protected]
SOURCE: 1847 Holdings LLC
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FAQ
Why is 1847 Holdings (EFSH) being delisted from NYSE American?
When was EFSH stock suspended from trading on NYSE American?
What options does EFSH have regarding the NYSE American delisting notice?
Can EFSH shares be traded on OTC markets during the delisting review period?
