Landsea homes announces pricing of secondary common stock offering

Dallas, march 06, 2024 (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 largest stockholder, landsea holdings corporation (the “selling stockholder”) of 2,434,783 shares of the company's common stock, at a price of $11.60 per share (before underwriting discounts and commissions) (the “offering”). the selling stockholder has granted the underwriters a 30-day option to purchase up to 365,217 additional shares of the company's common stock. the offering is expected to close on march 8, 2024, subject to the satisfaction of customary closing conditions.
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