NEW YORK, March 30, 2021 /PRNewswire/ -- Landcadia
Holdings IV, Inc. (Nasdaq: LCAHU) (the "Company") announced today
that it closed its initial public offering of 50,000,000 units. The
offering was priced at $10.00 per
unit, resulting in gross proceeds of $500,000,000.
The Company's units began trading on The Nasdaq Capital Market
("Nasdaq") under the ticker symbol "LCAHU" on March 25, 2021. Each unit consists of one share
of Class A common stock and one-fourth of one redeemable warrant to
purchase one share of the Class A common stock at a price of
$11.50 per share. After the
securities comprising the units begin separate trading, the shares
of Class A common stock and the warrants are expected to be listed
on Nasdaq under the symbols "LCA" and "LCAHW," respectively. No
fractional warrants will be issued upon separation of the units and
only whole warrants will trade.
Landcadia Holdings IV, Inc. is a blank check company whose
business purpose is to effect a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or similar
business combination with one or more businesses. The Company is
sponsored by Jefferies Financial Group and Tilman J. Fertitta. The Company is led by and
Richard Handler, the Company's
Co-Chairman and President, and the Chairman and Chief Executive
Officer of Jefferies Financial Group Inc., and Tilman J. Fertitta, the Company's Co-Chairman
and Chief Executive Officer, the sole shareholder, and Chairman and
Chief Executive Officer of Fertitta Entertainment, Inc.
"We are excited to begin evaluating the array of attractive
opportunities that may want to partner with us in the public
markets," said Rich Handler,
Co-Chairman and President, and Tilman J.
Fertitta, Co-Chairman and Chief Executive Officer.
Jefferies LLC acted as the sole book-running manager for the
offering. The Company has granted the underwriters a 45-day option
to purchase up to an additional 7,500,000 units at the initial
public offering price to cover over-allotments, if any.
The offering was made only by means of a prospectus. When
available, copies of the prospectus may be obtained from Jefferies
LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison
Avenue, 2nd Floor, New York, NY
10022, or by telephone at 1-877-821-7388 or by email at
Prospectus_Department@Jefferies.com.
A registration statement relating to the securities has been
declared effective by the U.S. Securities and Exchange Commission
("SEC") on March 24, 2021. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
Cautionary Note Concerning Forward-Looking
Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the search
for an initial business combination. No assurance can be given that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company's registration
statement and preliminary prospectus for the Company's offering
filed with the SEC. Copies of such filings are available on the
SEC's website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
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SOURCE Landcadia Holdings IV, Inc.