Subsequent event

6 Months Ended

Jun. 30, 2016

Note 9 — Subsequent event

On July 12, 2016 the Company’s securities were delisted from Nasdaq Capital Market due to the Company’s non-compliance with the minimum shareholder requirement set forth in NASDAQ Listing Rule 5550(a)(3). The Company’s common stock, units, rights and warrants commenced trading on the OTCQB market effective with the opening of the stock market on July 13, 2016.

On July 19, 2016, at the special meeting in lieu of the 2016 annual meeting of stockholders (the “Special Meeting”) of the Company, stockholders approved the Proposed Business Combination, as discussed in Note 8 — Proposed Business Combination. In connection with the closing of the Proposed Business Combination, the Company's name changed from 1347 Capital Corp. to Limbach Holdings, Inc. and its common stock and warrants are quoted on the OTCQB under the symbols “LMB” and “LMBW,” respectively.

At the Special Meeting, Charles A. Bacon, III, David S. Gellman and Larry G. Swets, Jr. were elected by the Company’s stockholders to serve as Class A directors, with terms expiring at the Company’s annual meeting of stockholders in 2017, Norbert W. Young was elected by the Company’s stockholders to serve as a Class B director, with a term expiring at the annual meeting of stockholders in 2018, and S. Matthew Katz and Gordon G. Pratt were elected by the Company’s stockholders to serve as Class C directors, with terms expiring at the annual meeting of stockholders in 2019.

On July 20, 2016, the Company consummated the Proposed Business Combination.