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NEW YORK - 1847 Holdings LLC announced Tuesday it has initiated the process to transition trading of its common shares to the OTCQB Venture Market following its delisting from NYSE American. For investors tracking companies during market transitions, InvestingPro offers comprehensive monitoring tools and real-time updates to help navigate such corporate actions effectively.
The company, which specializes in middle market business investments, has submitted an application for quotation on the OTCQB platform, which is currently under review. Trading of 1847 Holdings’ shares on NYSE American has been suspended since April 3, 2025, after a Listing Qualifications Panel affirmed a decision to proceed with delisting on July 1.
"We are taking deliberate steps to ensure continued trading access and visibility for our shareholders," said Ellery W. Roberts, CEO of 1847 Holdings, in a press release statement.
The company reported it has implemented strategic initiatives over the past year, including the divestiture of High Mountain Door & Trim Inc. for approximately $17 million and the sale of ICU Eyewear. 1847 Holdings reaffirmed its 2025 guidance, projecting revenue to exceed $45 million with net income of approximately $1.3 million. For 2026, the company anticipates revenue surpassing $60 million with net income rising to approximately $5.0 million.
According to the announcement, 1847 Holdings plans to reapply for listing on a national securities exchange at an appropriate time as it continues executing its business strategy.
The company indicated it will provide updates on the effective date of OTCQB quotation upon receiving approval from OTC Markets Group Inc.
In other recent news, 1847 Holdings LLC announced that it is facing potential delisting from the NYSE American exchange due to non-compliance with listing standards related to the low selling price of its shares. The company, which received a notification on April 3, 2025, has requested a review of the delisting decision, with a hearing set for June 12, 2025. Trading of 1847 Holdings’ common shares was suspended on the same day the notification was received. If the delisting determination is upheld, NYSE American plans to file a Form 25 with the U.S. Securities and Exchange Commission to formally delist the shares. The deregistration of the common shares would become effective 90 days after the filing, or sooner if determined by the SEC. The company’s management is actively addressing the exchange’s concerns and preparing for the upcoming hearing. Investors are closely monitoring the situation to learn the final decision regarding the company’s listing status. The information comes from a press release statement filed with the SEC, signed by the company’s CEO, Ellery W. Roberts.
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