8-K: 1847 Holdings Faces Delisting from NYSE American, Hearing Scheduled for June 12, 2025

1847 Holdings LLC is undergoing a review process after being notified of a potential delisting from NYSE American due to low share price, with a hearing rescheduled for June 12, 2025.

Summary

• 1847 Holdings LLC received a notification from NYSE Regulation on April 3, 2025, regarding the delisting of its common shares from NYSE American.
• The delisting is based on the determination that the company no longer meets the listing requirements due to the low selling price of its common shares, specifically under Section 1003(f)(v) of the NYSE American Company Guide.
• 1847 Holdings requested a review of this determination, and a hearing was initially scheduled for June 5, 2025, but has been rescheduled for June 12, 2025.
• Trading of the company's common shares on NYSE American was suspended on April 3, 2025, and will remain suspended until the review is completed.
• If the delisting is upheld, NYSE American will file a Form 25 with the SEC to delist the common shares, which will become effective 90 days after filing, or sooner if determined by the SEC.

Sentiment

Score: 3

Explanation: The sentiment is negative due to the potential delisting from NYSE American, which is a significant setback for the company.

Negatives

• 1847 Holdings received a delisting notification from NYSE American due to the low selling price of its common shares.
• Trading of the company's common shares on NYSE American has been suspended.

Risks

• The company faces the risk of being delisted from NYSE American if the review process does not overturn the initial determination.
• Delisting could negatively impact investor confidence and the company's ability to raise capital.
• Continued suspension of trading on NYSE American could limit the liquidity of the company's common shares.

Future Outlook

The future of 1847 Holdings' listing on NYSE American depends on the outcome of the review hearing scheduled for June 12, 2025.

Industry Context

Delisting from a major exchange can significantly impact a company's market visibility and investor perception, often leading to decreased trading volume and potentially affecting its ability to raise capital. Other companies facing similar challenges may explore options such as reverse stock splits or demonstrating improved financial performance to regain compliance.

Stakeholder Impact

• Shareholders face the risk of decreased stock value and liquidity if the company is delisted.
• Employees may experience uncertainty due to the potential impact of delisting on the company's operations.
• The company's reputation and relationships with customers and suppliers could be affected by the delisting.

Next Steps

• The company will participate in the review hearing on June 12, 2025, to appeal the delisting determination.
• NYSE American will file a Form 25 with the SEC if the delisting determination is upheld.

Key Dates

Keywords

delisting, NYSE American, 1847 Holdings, common shares, share price, suspension, review, Form 25