Limbach Holdings Inc (LMB)

[hweb2]

What do you guys make of the CEO's explanation in the PR after the close. Seems reasonable enough, although still a little vague.


Limbach Chief Executive Officer Charlie Bacon commented, "We expect the funds raised through this offering to support several key initiatives in 2021, including investments to accelerate our owner-direct and digital transformation, and to provide available growth capital. Through the first nine months of 2020, we made solid progress repositioning our balance sheet to support the company’s current capital needs. The funds raised in this offering add to our ability to undertake a number of initiatives to drive future growth and profitability. We’re excited to capitalize on Limbach’s continuing momentum to take advantage of the many opportunities in the marketplace, and to further cement our position as a leading provider of technical solutions for the building environment."

https://finance.yahoo.com/news/limbach-holdings-closes-public-offering-211500617.html