Business
Limbach Holdings Announces Proposed Public Offering of Common Stock
PITTSBURGH--(BUSINESS WIRE)-- Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”), a provider of building infrastructure services, with an
About this update from Limbach Holdings, Inc.
[{"type":"text","content":" PITTSBURGH--(BUSINESS WIRE)--\nLimbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”), a provider of building infrastructure services, with an expertise in the design, installation and maintenance of HVAC and mechanical, electrical, and plumbing systems for a diversified group of commercial and institutional building owners, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. In connection with this proposed offering, Limbach expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of common stock to be sold in the proposed offering at the public offering price, less underwriting discounts and commissions. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the proposed offering. All of the shares in the proposed offering are to be sold by Limbach.\n\nLimbach intends to use the net proceeds from the proposed public offering for general corporate purposes, which may include, without limitation, working capital and growth capital.\n\nLake Street Capital Markets LLC is acting as Sole Book-Runner for this proposed offering.\n\nThe proposed offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-232406) that was declared effective by the Securities and Exchange Commission (the “SEC”) on August 6, 2019. A preliminary prospectus supplement describing the terms of the proposed offering will be filed with the SEC, will form part of the effective registration statement and will be available on the SEC’s website, located at www.sec.gov. Copies of the prospectus supplement and the accompanying prospectus relating to the proposed offering may also be obtained, when available, from Lake Street Capital Markets, LLC, Attention: Syndicate Department, 920 Second Avenue South, Suite 700, Minneapolis, Minnesota 55402, or by calling (612) 326-1305, or by emailing [email protected].\n\nThis press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to regist...