Welcome to the Landsea Homes Corporation Article!
Landsea Homes Announces Pricing of Public Offering
Dallas, Dec. 06, 2024 (GLOBE NEWSWIRE) – Landsea Homes Corporation
Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, made a significant announcement today regarding the pricing of an underwritten public offering of its common stock. The offering consists of 6,086,957 shares of common stock being sold by selling stockholders of the Company, Landsea Holdings Corporation and Ever Fast Holdings Limited, at a public offering price of $10.25 per share. This results in total gross proceeds of approximately $62.4 million to the selling stockholders, before deducting underwriting discounts and commissions and offering expenses. It is important to note that the Company itself is not selling any shares of common stock in this Offering.
As part of the offering, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 913,043 shares of the Company’s common stock at the public offering price, less underwriting discounts and commissions. The Offering is expected to close on or about December 9, 2024, subject to customary closing conditions.
This announcement is a significant development for Landsea Homes Corporation and reflects the Company’s efforts to raise capital and fuel its growth in the residential homebuilding industry.
Stay tuned for more updates on this exciting news!
How This Announcement Will Affect You
As a potential investor or shareholder, this public offering may present an opportunity to invest in Landsea Homes Corporation and potentially benefit from its growth and success in the residential homebuilding market. It is essential to conduct thorough research and consider your financial goals before making any investment decisions.
How This Announcement Will Affect the World
The successful completion of this public offering may contribute to the overall stability and growth of the residential homebuilding industry. It could also have a positive impact on the local communities where Landsea Homes operates, through job creation and economic development.
Conclusion
In conclusion, the pricing of the public offering by Landsea Homes Corporation marks a significant milestone for the Company and presents opportunities for investors and the wider residential homebuilding industry. Keep an eye on further developments in this exciting journey!
