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BALLWIN, Mo.--(BUSINESS WIRE)--1847 Goedeker Inc. (NYSE American: GOED) (Goedekers), a one-stop e-commerce destination for appliances and furniture, announced today that it intends to offer for sale $205,000,000 of its common stock, par value $0.0001 per share (Common Stock), in an underwritten public offering. In addition, Goedekers expects to grant the underwriters a 30-day option to purchase an additional $30,750,000 of Common Stock. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. BofA Securities and ThinkEquity, a division of Fordham Financial Management, Inc., are acting as joint-bookrunners for the offering. Goedekers intends to use the net proceeds from the offering to pay part of the cash portion of the purchase price for the proposed acquisition of Appliances Connection and related acquisition fees and expenses. A registration statement on Form S-1 (Registration No. 333-255709) (the Registration Statement) relating to these securities has been filed with the Securities and Exchange Commission (SEC), but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time that the Registration Statement becomes effective. The offering is being made pursuant to the Registration Statement and an accompanying prospectus. Prospective investors should read the Registration Statement and accompanying prospectus, and the other documents that Goedekers has filed with the SEC for more complete information about Goedekers and the offering. A copy of the preliminary prospectus relating to these securities may be obtained, when available, from BofA Securities, Inc., NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte NC 28255-0001, Attn: Prospectus Department, or by emailing: dg.prospectus_requests@bofa.com. Electronic copies of the Registration Statement and the accompanying prospectus are also available free of charge on the website of the SEC at www.sec.gov. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About 1847 Goedeker Inc. 1847 Goedeker Inc. is an industry leading e-commerce destination for appliances, furniture, and home goods. Since its founding in 1951, Goedekers has transformed from a local brick and mortar operation serving the St. Louis metro area to a respected nationwide omnichannel retailer that offers one-stop shopping for national and global brands. While Goedekers maintains its St. Louis showroom, over 95% of sales are placed through its website (www.goedekers.com). Goedekers provides visitors an easy to navigate shopping experience and offers more than 141,000 items organized by category and product features. Learn more at www.goedekers.com. Forward-Looking Statements Certain statements made in this press release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, statements regarding the proposed offering. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words believes, estimates, expects, projects, forecasts, may, will, should, seeks, plans, scheduled, anticipates, predicts or intends or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks are identified and discussed under Risk Factors in the Registration Statement and in Goedekers other SEC filings made from time to time. These risk factors are important to consider in determining future results and should be reviewed in their entirety. Forward-looking statements are based on the current belief of Goedekers management, based on currently available information, as to the outcome and timing of future events, and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Goedekers is not under any obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports that Goedekers has filed or will file from time to time with the SEC.

Answer: 1847 Goedeker Inc. Announces Proposed Public Offering of Common Stock