1347 Capital Corp. Raises $46 Million SPAC for Business Combination

1347 Capital Corp. raised $46 million through its initial public offering as a SPAC with the goal of completing a business combination with a scalable company in the engineering and construction industry. The SPAC structure allows investors to take an institutional-size position at favorable multiples.

“SPAC raised $ 46 million with a goal of repeating management’s past merger / spin - out successes”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.