Landcadia Holdings, Inc., announced the results of their shareholder vote this morning and they seem to be taking a page out of the I-AM Capital play book by providing almost no information. Again, just like I-AM, there were no detail as to the number of shares that redeemed, the redemption price and how much cash was left in trust. Not sure a SPAC wants to be copying I-AM right now, but if you want shareholders to speculate as to why you need to hide that information, okay – hiding it implies they probably had more redemptions than they wanted to disclose.
Regardless, we’ll find out the amount eventually. In the meantime, Landcadia has already changed its name to Waitr Holdings Inc. and as of this morning, will trade on the Nasdaq under the symbol “WTRH” and “WTRHW” for the share and warrant, respectively.
You can find the results for all of the proposals included in the proxy HERE.