Landcadia Holdings II (LCAHU) Prices Up-sized $275 Million SPAC


Landcadia Holdings II (LCAHU) Prices Up-sized $275 Million SPAC

Landcadia Holdings II, Inc. (LCAHU), announced the pricing of their up-sized $275 million SPAC IPO tonight and the units are expected to begin trading tomorrow, May 7th, under the symbol Nasdaq: LCAHU.

Landcadia II is the follow-up SPAC for the team of Tilman Fertitta and Richard Handler, which recently closed Landcadia I’s combination with Waitr (WTRH).  Landcadia II will, once again, be focusing on companies in the consumer, dining, hospitality, entertainment and gaming sectors.

Total SPAC deal count for 2019 year-to-date is now 19 with $4.357 billion in gross proceeds raised. The offering is expected to close on or about May 9th, 2019.

Congratulations to all.

Jefferies acted as sole book-running manager.
Winston & Strawn LLP and Shearman & Sterling LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively.