1847 Holdings announced that it will effect a 1-for-13 reverse split of its common shares that will become effective on July 8. 1847’s common shares will continue to trade on NYSE American under the symbol (EFSH) and will begin trading on a split-adjusted basis when the market opens on July 8. The reverse split will reduce the number of outstanding shares of the company’s common shares from approximately 7.1M shares to approximately 0.54M shares and also reduce the company’s float from approximately 6.8M shares to approximately 0.53M shares.
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