1847 Holdings announced its plan to seek a non-dilutive restructuring of certain of its outstanding convertible debt to help defray potential detrimental effect that recent conversions and sales have had on its stock price. Management believes that there may be a detrimental effect on the market price of the company’s common shares caused by the conversion of certain defaulted promissory notes and sale of the underlying common shares. Based upon the company’s projected cash flow, it is currently evaluating options for non-dilutive restructuring of these notes, which the company expects will eliminate some of the selling pressure currently affecting the market price of the company’s common shares.
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 the top stocks recommended by analysts >>
Read More on EFSH:
- 1847 Holdings says may have been target of market manipulation
- 1847 Holdings secures additional unsecured debt financing
- 1847 Holdings appoints Michele Chow-Tai to board of directors
- 1847 Holdings’ 1847 Asien engages Spartan Capital to review alternatives
- 1847 reports more than doubling production within Kyle’s Custom Wood Shop