1847 Holdings LLC (NYSEAM:EFSH) will look for acquisitions. Spartan Capital Securities LLC, an investment banking firm, announced the successful completion of a private placement for 1847 Holdings LLC. The transaction has generated gross proceeds of $500,000 for 1847 Holdings LLC, prior to deductions for underwriting discounts and other related expenses.

The private placement closed on May 14, as per schedule, subject to customary closing conditions. The capital raised through this private placement will primarily be used to support 1847's ongoing business operations, fund potential future acquisitions, and enhance overall financial flexibility.