$0.071
-0.029 (-40.34%)At close
EFSH News
EFSH Events
1847 Holdings Declares OTCID Listing
1847 Holdings announced that its common shares have commenced trading on the OTCID under the new ticker symbol "LBRA." The Company's ultimate objective remains to relist on a senior U.S. exchange as soon as practical.
1847 Holdings to request a review of delisting determination
1847 Holdings provided an update on its request for a review of the delisting determination issued by the NYSE American. As previously disclosed, on April 3, the NYSE American Regulation Staff notified 1847 Holdings that it had determined to commence proceedings to delist the Company's common shares and to suspend trading of those shares as of that date. On April 9th, the Company submitted a request to the NYSE American for an oral hearing to review that determination. The hearing will be held before an NYSEA Listing Qualifications Panel. According to the NYSE American Company Guide, the hearing is to be scheduled on a date to be determined by the NYSEA Office of General Counsel, to the extent practicable, within 45 days of the date on which the Company filed its request for a hearing with the NYSEA. A schedule setting deadlines for submission of briefs and other materials by the parties will be issued in advance of the hearing. The Company may make a presentation at the hearing in support of its challenge to the Staff Determination. After the hearing, the Panel is supposed to issue a written decision describing the specific grounds for its determination, including, if applicable, the basis for its determination that the securities of the issuer, here, the Company, should continue to be listed as permitted by Section 1009 of the NYSE American Company Guide or that the Staff Determination was in error. The decision is also supposed to notify the Company that it may request review of the Panel's decision within 15 calendar days of the date thereof. Upon its issuance, the Panel's decision is to be provided promptly to the Company and effective immediately, subject to some exceptions. In the meantime, trading of the Company's common shares remains suspended pending the outcome of the review.
1847 Holdings to request review of NYSE American delisting determination
1847 Holdings announced that it will be submitting a request for review of the delisting determination issued by the NYSE American.
1847 Holdings receives delisting notice from NYSE American
1847 Holdings received notification from NYSE American indicating that the staff of NYSE Regulation has determined to commence proceedings to delist the common shares of 1847 Holdings from NYSE American. Trading in the Company's common shares was suspended immediately. NYSE Regulation determined that the Company is no longer suitable for listing pursuant to Section 1003(f)(v) of the NYSE American Company Guide due to the low selling price of the common shares. The Company has a right to a review of the staff's determination to delist the Company's common shares by providing required notice on or before April 10, 2025. The Company anticipates that its common shares will now begin trading publicly on the OTC PINK Market under the symbol "EFSH". This transition to the OTC Markets is not expected to affect the Company's business operations, its relationships with partners or employees, or its current Securities and Exchange Commission reporting obligations. Shareholders do not need to take any action in connection with this transition. Once the Company's common shares commence trading on the OTC Pink Market investors should be able to trade shares through their existing brokerage accounts. The Company expects to move forward with a planned exchange offer.
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