Landcadia Holdings III, Inc. (LCYAU) Prices $500M IPO


Landcadia Holdings III, Inc. (LCYAU) Prices $500M IPO

Landcadia Holdings III, 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 “LCYAU” tomorrow, Friday, October 9.

The new company aims to combine with a company in the consumer, dining, hospitality, entertainment, or gaming industries. Landcadia is led by Co-Chairman and CEO Tilman J. Fertitta, Co-Chairman and President Richard Handler, VP and CFO Richard H. Liem, VP, General Counsel and Secretary Steven L. Scheinthal, and VP of Acquisitions Nicholas Daraviras.

Total SPAC deal count for 2020 year-to-date is now 138 with $53.6 billion in gross proceeds raised. This offering is expected to close on Wednesday, October 14.

Jefferies LLC acted as the sole book-running manager 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.