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1847 Goedeker signs definitive agreement to acquire appliance retailer
Jul. 07, 2021 8:44 AM ET1847 Goedeker Inc. (GOED)By: Pranav Ghumatkar, SA News Editor
1847 Goedeker (NYSE:GOED) has signed a definitive purchase agreement with a Florida-based, premium and luxury appliance retailer.
This strategic acquisition is an early step toward a more significant investment in the Florida market.
The transaction is anticipated to be completed during Q3 2021.
"Consistent with our long-term strategy, this transaction serves as a steppingstone for our company to expand its reach in the Florida and southeastern U.S. markets, and change the way Americans purchase appliances across the country." stated Doug Moore, Goedekers' CEO.
GOED *1847 Goedeker: Acquisition Accelerates Southern U.S. Addressable Market and Expands Premium and Luxury Brand Offerings
BY Dow Jones & Company, Inc. — 8:32 AM ET 07/07/2021
Looked like some short covering there into the bell!
1847 Goedeker Engages Lambert & Co. to Lead Strategic Investor Relations Program
BALLWIN, Mo., July 1, 2021 /PRNewswire/ -- 1847 Goedeker Inc. (NYSE American: GOED) ("Goedekers" or the "Company") and its Appliances Connection Business, the largest pure-play online retailer of household appliances in the U.S., today announced it has retained Lambert & Co. to lead its investor relations strategy.
Lambert is a full-service financial communications and investor relations firm that collectively has worked with hundreds of publicly traded and pre-IPO companies in a variety of industries throughout its 20-year history, measurably increasing their visibility and investment brand reputation among analysts, investors, and financial media coast to coast. Lambert is an expert in helping companies communicate with their shareholders through investor relations program initiatives, including providing corporate messaging and other consulting services to its clients.
"As we continue to strategically grow our operations, we are taking steps to reach a wider array of investors by leveraging Lambert's expertise in this area," stated Doug Moore, Goedekers' CEO. "Lambert has consistent track record of implementing first-class investor relations programs and will assist in our foundational efforts to communicate our value proposition across all of our stakeholder bases following the transformational acquisition of Appliances Connection. We are incredibly pleased to bring the firm's diverse experience and expertise alongside our management team and Board."
"We are excited to partner with Goedekers at this critical juncture in their growth trajectory," said Mike Houston, Partner at Lambert. "We have been impressed with their unique direct-to-consumer business model that provides long-term sustainable growth opportunities and look forward to communicating that value proposition to investors."
Lambert will oversee Goedekers investor relations functions and serve as the primary point of contact for shareholders and the financial community. The firm will work to establish a leading investor relations outreach and communications program across both institutional and retail investor audiences to effectively communicate the Goedekers investor narrative.
I believe that $GOED will go back to $6 sooner than what I originally thought.
Cheers
makes me visualize
GOED In again, Finnigan!
Once again, bettered my exit by a few cents.
Not really worth the stress and stain but I have a need for speed!
BeaUtiful day in Virginia!
MG
do you gotta be
a paid member to do that video?
- I could do some good work with that little add on
GOED PUMP&DUMP
hurry hurry bargain prices!
THE DUMP CONTINUES!
looks like the PM is a continuation of yesterday’s unloading through the AH
GOED PUMP&DUMP
very happy with my position here this is going to reach DOUBLE DIGITS SOON MARK IT $$$$$$$$$$$$$$$$
How can something up 11% today go down an additional 1% exactly?
And the answer is?
GOED down an additional 1%+ in AH
this is dropping like a rock
those poor newbies that bought at the high of the day
- not to mention the hopeless investors that own over $10
I feel so bad for those poor newbies that got trapped and bought the stock higher today
on top of those that own it in the double digits
GOED PUMP & DUMP
GOED Come back to me, GOED! I promise not to be unfaithful more than 2 or 3 more times, while the warrants are being worked off.
MG
CANARY LOSING OXYGEN!
get out before cave collapses!
GOED PUMP & DUMP
I BELIEVE YOU SAID THE SAME THING WHEN THE PPS WAS $3.00/SHARE, NOW $4.50, LOOKS LIKE 50% GAIN, IN A VERY SHORT TIME. NOT TOO BAD, FOR A "PUMP AND DUMP"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
SHIRLEY!!!!!!!!!!!!!!!!!!!!!!YOU CAN'T BE SERIOUS!!!!!!!!!!!!!!!!!!!!!!!!!
YIKES!!!!!!!!!!!!!!!!!!!!!!!YIPES!!!!!!!!!!!!!!!!!!!!!!!!YIKES!!!!!!!!!!!!
COUNT YOUR FINGERS AFTER YOU SHAKE HANDS HERE!
This is not a flipping stock!
ANYONE HAVE A CANARY?
traps being set on GOED be careful this cave gonna collapse
gasp gasping for air
GOED - PUMP & DUMP
GOED I sinned one more time, succumbing to PROFITS.
Ready to reload!!
What is he talking about.
MG
GONNA NEED AN EXCAVATOR HERE!
for all those trapped GOED investors
The more your here the more I buy thank you I’ve made over 150 % time to load more you better join the winners or get left behind BAM going to be another Green Day Mark it $$$$$$$$$$$$$$$$$
your way doesn’t fit my narrative
LOOK OUT BELOW!!
GOED has gaps to fill @ $2.86 and more down to $2.37
always a good chance for a good ole gap fill
Gaps? SERIOUSLY???
There are a HELL of a lot more gaps to fill on the upside than the downside!
LOOK OUT BELOW!!
GOED has gaps to fill @ $2.86 and more down to $2.37
always a good chance for a good ole gap fill
the GOED offering
is the “Millennium Star” of year
where else can you get a offering at over 75% discount PLUS a free trading warrant kicker that is practically already IN THE MONEY??
these lucky investors must live in a “PALACE”
GEOD Yup, they let me back in!
Now it's back up- nice!
the only
ATM for you is …well
PS i recently learned the warrants are free trading any dummy that coverts is ….well
glad i could help
GOED - PUMP & DUMP
GOED Woo-hoo! Back in!
Picked up a few cents from my exit.
Glad to be back in this ATM!
MG
must be tough to get back in with that penny spread
you don’t need it too tight?
GOED - PUMP & DUMP
GOED Yup, I'm trying to get back in.
...steller.. (not seller, tho I suppose it could work, too :)
a great poster wrote something similar
GOED - PUMP AND DUMP
and I think it fits here pretty well too
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1847 Goedeker Inc.1847 Goedeker Inc. is an industry leading e-commerce destination for appliances, furniture, and home goods. Through its June 2021 acquisition of Appliances Connection, Goedekers created the largest pure-play online retailer of household appliances in the US. With warehouse fulfilment centers in the Northeast and Midwest, as well as showrooms in Brooklyn, New York, and St. Louis, Missouri, Goedekers is a respected nationwide omnichannel retailer that offers one-stop shopping for national and global brands. Goedekers and Appliances Connection carry many household name-brands, including Bosch, Cafe, Frigidaire Pro, Whirlpool, LG, and Samsung, and also carries many major luxury appliance brands such as Miele, Thermador, La Cornue, Dacor, Ilve, Wolf, Jenn-Air, Viking among others and sells furniture, fitness equipment, plumbing fixtures, televisions, outdoor appliances, and patio furniture, as well as commercial appliances for builder and business clients. Learn more at www.Goedekers.com. |
We are offering 91,111,111 units, each unit consisting of one share of our common stock, par value $0.0001 per share, and a warrant to purchase one share of common stock, in connection with our simultaneous acquisition of all of the issued and outstanding capital stock or other equity securities of 1 Stop Electronics Center, Inc., Gold Coast Appliances, Inc., Superior Deals Inc., Joe’s Appliances LLC and YF Logistics LLC (commonly known as Appliances Connection) as described in more detail in this prospectus. The warrants included within the units are exercisable immediately, have an exercise price of $2.25 per share and expire five years from the date of issuance. The shares of common stock and warrants contained in the units are immediately separable and will be issued separately.
Our common stock is listed and traded on NYSE American under the symbol “GOED.” On May 27, 2021, the last reported sale price for our common stock was $6.07 per share. The warrants have been approved for trading on NYSE American under the symbol “GOED WS” and will commence trading on May 28, 2021. In connection with this offering, we have applied for the listing of our common stock and warrants on the New York Stock Exchange, or the NYSE, however, we do not currently meet the minimum share price requirements of the NYSE and will not be able to list our common stock and warrants on the NYSE unless we meet such minimum share price and other listing requirements of the NYSE.
We are an “emerging growth company” as defined in Section 2(a) of the Securities Act of 1933, as amended, and are subject to reduced public company reporting requirements.
Investing in our securities involves risks that are described in the “Risk Factors” section beginning on page 25 of this prospectus.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
Per Unit | Total | |||||
Public offering price | $ | 2.2500 | $ | 205,000,000 | ||
Underwriting discounts and commissions(1) | $ | 0.1575 | $ | 14,350,000 | ||
Proceeds, before expenses, to us | $ | 2.0925 | $ | 190,650,000 |
____________
(1) See “Underwriting” beginning on page 124 for additional information regarding underwriting compensation.
We have granted a 30-day option to the underwriters to purchase up to 2,000,000 additional shares of common stock and/or warrants to purchase up to 2,000,000 additional shares of common stock, in any combination thereof, solely to cover over-allotments, if any.
Certain of our existing stockholders and certain of our officers, directors, employees and related persons, have indicated an interest in purchasing an aggregate of approximately 2,779,600 units in this offering at the public offering price. However, because indications of interest are not binding agreements or commitments to purchase, the underwriters may determine to sell more, fewer or no units in this offering to these persons, and any of these persons may determine to purchase more, fewer or no units in this offering. The underwriters will receive the same underwriting discount on any units purchased by these persons as they will on any other units sold to the public in this offering.
The units will be ready for delivery on or about June 2, 2021.
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