Landsea homes announces pricing of secondary common stock offering and concurrent stock repurchase

Dallas, aug. 22, 2023 (globe newswire) -- landsea homes corporation (nasdaq: lsea) (“landsea homes” or the “company”), a publicly traded residential homebuilder, announced today the pricing of the previously announced underwritten secondary offering by its stockholder, green investment alpha limited (the “selling stockholder”) of 4,207,574 shares of the company's common stock, at a price of $9.75 per share (before underwriting discounts and commissions) (the “offering”). the selling stockholder has granted the underwriters a 30-day option to purchase up to 631,136 additional shares of the company's common stock. the offering is expected to close on august 24, 2023, subject to the satisfaction of customary closing conditions.
LSEA Ratings Summary
LSEA Quant Ranking