Blank check company 1347 Capital files and sets terms for $40 million IPO

By Renaissance Capital,

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1347 Capital, a blank check company formed by a team from Fund Management Group, filed and announced terms for its IPO on Monday. The Itasca, IL-based company plans to raise $40 million by offering 4.0 million shares at a price $10. At the proposed price, it would command a fully diluted market value of $42 million. 1347 Capital, which was founded in 2014, plans to list on the NASDAQ under the symbol TFSCU. EarlyBird Capital is the sole bookrunner on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: TFSCU

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