1347 Capital Corp
Completed 2016-07-20- CIK 1606163
- TFSC
- Now LMB
- IPO 2014-07-16
- $46M trust
- 707 filings
Successfully merged with Limbach Holdings LLC • Now trading as LMB
- IPO Size
- $46M
- raised at the IPO
- Trust
- $46M
- as of 2016-06-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2014
- year it listed
Filings, by quarter
707 filings over 50 quarters; violet bars carry a milestone
- 14 Q2: 7 filings
- 14 Q3: 26 filings
- 14 Q4: 1 filing
- 15 Q1: 15 filings
- 15 Q2: 2 filings
- 15 Q3: 2 filings
- 15 Q4: 3 filings
- 16 Q1: 10 filings
- 16 Q2: 28 filings
- 16 Q3: 43 filings
- 16 Q4: 24 filings
- 17 Q1: 5 filings
- 17 Q2: 11 filings
- 17 Q3: 21 filings
- 17 Q4: 6 filings
- 18 Q1: 8 filings
- 18 Q2: 17 filings
- 18 Q3: 18 filings
- 18 Q4: 8 filings
- 19 Q1: 36 filings
- 19 Q2: 14 filings
- 19 Q3: 12 filings
- 19 Q4: 21 filings
- 20 Q1: 19 filings
- 20 Q2: 14 filings
- 20 Q3: 22 filings
- 20 Q4: 13 filings
- 21 Q1: 23 filings
- 21 Q2: 9 filings
- 21 Q3: 12 filings
- 21 Q4: 8 filings
- 22 Q1: 21 filings
- 22 Q2: 13 filings
- 22 Q3: 3 filings
- 22 Q4: 4 filings
- 23 Q1: 22 filings
- 23 Q2: 13 filings
- 23 Q3: 9 filings
- 23 Q4: 3 filings
- 24 Q1: 21 filings
- 24 Q2: 17 filings
- 24 Q3: 13 filings
- 24 Q4: 11 filings
- 25 Q1: 19 filings
- 25 Q2: 8 filings
- 25 Q3: 9 filings
- 25 Q4: 8 filings
- 26 Q1: 24 filings
- 26 Q2: 19 filings
- 26 Q3: 12 filings
- S-1 filed 14 Q2
- IPO 14 Q3
- Definitive agreement 16 Q1
- Completed 16 Q3
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
1347 Capital Corp. is a blank-check company formed to complete an initial business combination with one or more businesses or entities. It intends to focus its search on target businesses operating in or providing services to the insurance industry, without being limited to that industry or any geographic region.
Investment Focus
Insurance
Key Information
As the filings state it
- IPO Date
- 2014-07-16
- Total Redemptions
- $28M
- PIPE
- $10M
- Jurisdiction of Incorporation
- Delaware
- SIC
- 6770
- Completion Date
- 2016-07-20
- Merger Target
- Limbach Holdings LLC
- SPAC Ticker
- TFSC
- Merged Ticker
- LMB
Stock Performance
LMBTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2014-08-08 | $9.45 | |
| At Merger | 2016-07-21 | $7.83 | -17% |
| 6 Months Post-Merger | 2017-01-20 | $13.99 | +79% |
| 1 Year Post-Merger | 2017-07-21 | $11.96 | +53% |
| 2 Years Post-Merger | 2018-07-23 | $11.37 | +45% |
| Current Price | 2026-10-16 | $48.69 | +415% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team has substantial insurance-industry management, investment, advisory and board experience and prior SPAC experience through FMG Acquisition Corp. Gordon G. Pratt and Larry G. Swets, Jr. served as executives and directors of FMGQ, which completed a business combination with United Insurance Holdings Corp.