Goedeker’s Acquisition of Appliances Connection Stays on Track—Closes $5M Financing, Strengthening Working Capital to Acquire Inventory to Meet Rising Consumer Demand

BALLWIN, Mo.--(BUSINESS WIRE)--1847 Goedeker Inc. (NYSE American: GOED) (“Goedeker’s” or the “Company”), a one-stop e-commerce destination for appliances and furniture, announced today the closing of two 10% OID senior secured promissory notes, each with four-year warrants to purchase 200,000 shares of the Company’s common stock at an exercise price of $12.00, for an aggregate of $5 million in gross proceeds and approximately $4.59 million in net proceeds.