Limbach Waives Termination Right Under Merger Agreement

Limbach waived its right to terminate the Merger Agreement if 1347 Capital Corp. was no longer listed on NASDAQ, signaling continued commitment to the business combination.

“On June 28, 2016, Limbach waived its right under Section 8.1(c) of the Agreement and Plan of Merger, dated as of March 23, 2016, by and among the Company, Limbach and FdG HVAC LLC (“Merger Agreement”) to terminate the Merger Agreement in the event that the Company is no longer listed on the NASDAQ Stock Market LLC.”

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