Charles A. Bacon III to Become CEO of Combined Company Post-Merger

Concurrent with the merger agreement, 1347 Capital Corp. entered into an employment agreement with Limbach's current CEO, Charles A. Bacon III, to serve as chief executive officer and president of the combined company following the business combination.

“Concurrently with the signing of the Merger Agreement, the Company and Limbach’s current chief executive officer, Charles A. Bacon, III, entered into an Employment Agreement (the “Employment Agreement”), providing for employment of Mr. Bacon as the chief executive officer of the Company following the Business Combination.”

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