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Landcadia Holdings IV, Inc. (Nasdaq: LCAHU) announced that from May 17, 2021, holders of its Units can separately trade shares of Class A common stock and warrants. The Common Stock will trade under the symbol LCA, while Warrants will trade under LCAHW. Units that are not separated will continue trading as LCAHU. Only whole Warrants will be issued, and traders must contact Continental Stock Transfer & Trust Company to separate the Units. This change could provide greater liquidity and flexibility for investors.
Landcadia Holdings IV (Nasdaq: LCAHU) has successfully completed its initial public offering, raising $500 million by offering 50 million units at $10.00 per unit. The units began trading on March 25, 2021, and consist of one share of Class A common stock and a warrant for future stock purchase at $11.50. The company aims to pursue business combinations in the public markets, backed by Jefferies Financial Group and Tilman J. Fertitta. The underwriters also have a 45-day option to buy an additional 7.5 million units.
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