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Limbach Holdings Inc (LMB.OQ)

LMB.OQ on NASDAQ Stock Exchange Capital Market

13.05USD
16 Feb 2018
Change (% chg)

$-0.71 (-5.16%)
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Latest Key Developments (Source: Significant Developments)

Limbach Holdings Says Repurchased All Remaining Outstanding Shares Of Its Class A Preferred Stock
Friday, 12 Jan 2018 

Jan 12 (Reuters) - Limbach Holdings Inc ::LIMBACH HOLDINGS ANNOUNCES REPURCHASE OF REMAINING PREFERRED STOCK.LIMBACH HOLDINGS INC - ‍ REPURCHASED ALL OF REMAINING OUTSTANDING SHARES OF ITS CLASS A PREFERRED STOCK FOR APPROXIMATELY $9.97 MILLION​.LIMBACH HOLDINGS INC - ‍EXPECTS REPURCHASE TO BE ACCRETIVE TO NET INCOME​.  Full Article

1347 Capital says to convene and adjourn special meeting
Monday, 11 Jul 2016 

1347 Capital Corp : 1347 Capital Corp. announces intent to convene and adjourn its special meeting to July 19, 2016, and modification of transaction terms . Limbach 2016 adjusted EBITDA guidance raised to $17.0 million (from $16.2 million) .1347 Capital Corp says sponsor is in private discussions with certain investors to raise a total of between $20 million to $30 million of equity and debt.  Full Article

1347 Capital Corp signs definitive agreement to merge with Limbach Holdings LLC
Wednesday, 23 Mar 2016 

1347 Capital Corp:Signs definitive agreement to merge with limbach holdings llc.Says transaction valued at approximately $97 million.Says expects to raise approximately $40 million in debt financing in connection with the transaction.Says transaction is expected to close in June or July 2016 and is subject to the approval of 1347 capital's shareholders.Says upon closing, 1347 Capital will change its name and ticker symbol to limbach holdings, inc. and lmb, respectively.Says under the terms of the transaction, limbach's current equityholders will receive $35 - $45 million in cash.Says board of directors of the combined company will initially consist of seven members.Under terms of deal,limbach's current equityholders will receive $15 - $25 million in equity consideration.Board of directors will consist of Charlie Bacon, 2 limbach representatives, 2 1347 Capital representatives, 2 independent members.Equity consideration for limbach's current equityholders to be given in form of 1.5 - 2.5 million newly issued, registered shares of co.Says following completion of transaction, senior management.  Full Article