1347 Capital Corp. Completes $40 Million Initial Public Offering
1347 CAPITAL CORP UNIT (TFSCU)
US:NASDAQ Investor Relations:
sec.gov/archives/edgar/data/1606163/000114420416112749/v444174_ex99-1.htm
Company Research
Source: Business Wire
ITASCA, Ill.--(BUSINESS WIRE)-- 1347 Capital Corp. (NASDAQ: TFSCU) (“1347 Capital” or the “Company”), a company formed for the purpose of entering into a merger, share exchange, asset acquisition or other similar business combination with one or more businesses or entities, today announced that it has completed its previously announced initial public offering of 4,000,000 units at a price of $10.00 per unit for total gross proceeds of $40 million. Each unit issued consists of one share of common stock, one right to receive one-tenth of a share of common stock automatically on the consummation of an initial business combination, and one warrant to acquire one-half of one share of common stock at a price of $11.50 per full share of common stock. 1347 Capital has also granted the representative of the underwriters a 45-day option to purchase up to 600,000 additional units to cover over-allotments, if any.
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