Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Limbach Holdings Goes Public with Merger

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Limbach Holdings Goes Public with Merger

Article excerpt

Limbach Holdings, a Pittsburgh-based mechanical and electrical contractor, became a publicly traded company Thursday through a merger with 1347 Capital Corp. of Itasca, Ill.

Limbach CEO Charlie Bacon and his team of executives will manage operations of the merged company.

Its shares will trade under the ticker symbol LMB on the OTCQB market, a market designed for early stage and developing companies. That's where 1347 Capital's shares were moved after they no longer met Nasdaq Capital Market listing requirements.

When the merger was announced in March, owners of Limbach were to receive about $60 million in cash, 1347 Capital stock, and warrants in exchange for their shares.

Terms of the deal have changed since then and a spokesman for the merged company could not say exactly how many of the merged company's 100 million shares will be owned by Limbach shareholders, 1347 Capital shareholders, and public shareholders. …

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