1847 Holdings announces sale of ICU Eyewear business

1847 Holdings has been working with its senior secured lender to sell all or substantially all of the assets of its ICU Eyewear business. On August 5, 2024, the Company received notice from its senior secured lender that a private sale of the assets occurred on such date pursuant to a bill of sale. As a result of the lender’s private sale of all or substantially all of the assets of the ICU Eyewear business, approximately $4.2 million of debt will be removed from the Company’s balance sheet.