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NEW YORK – 1847 Holdings LLC (NYSE American:EFSH), a management consulting services firm, announced today that its common shares are facing delisting from the NYSE American exchange due to non-compliance with the exchange’s listing standards related to the low selling price of its shares.
The company was initially notified of the delisting determination on April 3, 2025, and trading of its common shares was suspended on the same date. 1847 Holdings has requested a review of the decision, and the hearing was rescheduled to June 12, 2025. The outcome of the review will determine whether trading will resume or if NYSE American will file a Form 25 with the U.S. Securities and Exchange Commission to delist the common shares.
The delisting notice cited Section 1003(f)(v) of the NYSE American Company Guide, which addresses concerns regarding low selling prices of a company’s shares. If the delisting determination is upheld, the deregistration of the common shares under Section 12(b) of the Securities Exchange Act will become effective 90 days after the filing of the Form 25, or sooner if determined by the SEC.
1847 Holdings, incorporated in Delaware with principal executive offices in New York, NY, has its common shares registered under the ticker symbol EFSH. The company is not classified as an emerging growth company and has not elected to use the extended transition period for complying with new or revised financial accounting standards.
The information disclosed is based on a press release statement filed with the SEC. The company’s CEO, Ellery W. Roberts, has signed off on the report, affirming the company’s obligation under the Securities Exchange Act of 1934. As the review process is ongoing, stakeholders are awaiting the final decision regarding the company’s listing status.
In other recent news, 1847 Holdings LLC has reported several significant developments. The company is facing potential delisting from the NYSE American exchange due to non-compliance with listing standards, specifically related to the low selling price of its shares. Trading of the company’s shares was suspended following a notification from NYSE Regulation, and a review of the delisting decision is scheduled for June 5, 2025. In a separate development, 1847 Holdings finalized an amendment to its purchase agreement for CMD Companies, waiving the working capital adjustment provision with no change to the purchase price of $18.75 million.
Additionally, 1847 Holdings has expanded its authorized common shares from 500 million to 2 billion and increased the shares reserved under its 2023 Equity Incentive Plan to 5 million, following shareholder approval. These changes are intended to provide the company with greater flexibility for future corporate needs and to incentivize its employees. The company also addressed adjustments to series A and B warrants and pre-funded warrants during a special shareholders’ meeting. These strategic moves reflect 1847 Holdings’ efforts to align shareholder and management interests while supporting growth initiatives.
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