1847 Holdings announced that it has successfully restructured all of its Promissory Notes, with two institutional investors, totaling approximately $1.75 million outstanding. Based on the agreements with the investors, the Promissory Notes are no longer convertible to equity, as long as they are repaid by the Company over a 12 month amortization schedule.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on EFSH:
- 1847 Holdings Announces Successful Restructuring of Promissory Notes to Non-Dilutive Debt Instruments
- 1847 Holdings to acquire consumer products company, terms not disclosed
- 1847 Holdings seeks non-dilutive restructuring of certain convertible debt
- 1847 Holdings says may have been target of market manipulation
- 1847 Holdings secures additional unsecured debt financing