Landsea homes corporation announces proposed secondary offering of common stock

Dallas, dec. 05, 2024 (globe newswire) -- landsea homes corporation (nasdaq: lsea) (“landsea homes” or the “company”), a publicly traded residential homebuilder, today announced the commencement of an underwritten public offering of 5,043,480 shares of its common stock to be offered by selling stockholders of the company (collectively, the “offering”). the selling stockholders also expect to grant the underwriters a 30-day option to purchase up to an additional 756,520 shares of common stock. the company is not selling any shares of common stock in the proposed offering. the proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
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