Landcadia Holdings IV Inc. announced the pricing of its $500 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “LCAHU” Thursday, March 25.
The new company aims to combine with a business with potential to generate free cash flow in the consumer, dining, hospitality, entertainment or gaming industries. Landcadia IV is led by Co-Chairman and CEO Tilman J. Fertitta, Co-Chairman and President Richard Handler, VP and CFO Richard Liem, VP, General Counsel and Secretary Steven L. Scheinthal, and VP of Acquisitions Nicholas Daraviras.
Total SPAC deal count for 2021 year-to-date is now 295. This offering is expected to close on Monday, March 29.
Jefferies LLC is acting as the sole book-running managers for the offering. White & Case LLP is serving as Issuer’s Counsel with Latham & Watkins LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
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