Landsea homes corporation announces pricing of public secondary offering

Dallas, dec. 06, 2024 (globe newswire) -- landsea homes corporation (nasdaq: lsea) (“landsea homes” or the “company”), a publicly traded residential homebuilder, today announced the pricing of an underwritten public offering of 6,086,957 shares of its 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, for total gross proceeds of approximately $62.4 million to the selling stockholders, before deducting underwriting discounts and commissions and offering expenses (the “offering”). in addition, 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 company is not selling any shares of common stock in the offering. the offering is expected to close on or about december 9, 2024, subject to customary closing conditions.
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