Landcadia Holdings IV Initiates Redemption and Delisting Process

Landcadia Holdings IV (LCA) has released an update.

Landcadia Holdings IV, Inc. has announced it will redeem all outstanding Class A common stock as it couldn’t achieve a business combination in the set timeframe. Shareholders will receive about $10.56 per share, with the funds drawn from the company’s trust account. No action is required from shareholders holding shares in “street name” to receive their funds. The process should conclude within ten days post-February 27, 2024. The company’s stock will be delisted from Nasdaq, and it will deregister its securities with the SEC.

For further insights into LCA stock, check out TipRanks’ Stock Analysis page.