Landsea homes announces closing of secondary common stock offering

Dallas, march 08, 2024 (globe newswire) -- landsea homes corporation (nasdaq: lsea) (“landsea homes” or the “company”), a publicly traded residential homebuilder, announced today the closing of its 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), and the full exercise by the underwriters of their option to purchase an additional 365,217 shares the company's common stock (the “offering”). b. riley securities and bofa securities acted as joint bookrunning managers in the offering. btig and wedbush securities acted as co-managers in the offering.
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