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Landcadia Holdings III Priced, Nasdaq: LCYAU

Third blank check company formed by the CEOs of Landry's and Jefferies to acquire an entertainment business.

Industry: SPAC

Latest Trade: $11.13 0.00 (0.0%)

First Day Return: -1.1%

Return from IPO: +11.3%

Industry: SPAC

We are a blank check company. While we may pursue an initial business combination target in any industry, we intend to focus our search on investment opportunities in the consumer, dining, hospitality, entertainment and gaming industries, including technology companies operating in these industries. We believe the acquisition of one or more businesses in these industries can serve as a platform for expansion, both organically and through further acquisitions. The businesses we target may be at any stage of their corporate evolution. We believe our management team and sponsors have a track record of identifying businesses at attractive valuations, uncovering and improving operational inefficiencies and investing in accretive acquisitions that have resulted in value creation for their investors. Our management team and sponsors have significant experience investing in and advising companies in these industries. Our management team is led by Tilman Fertitta, our Co-Chairman and Chief Executive Officer, and Richard Handler, our Co-Chairman and President. Mr. Fertitta is the sole shareholder, Chairman and Chief Executive Officer of FEI and Mr. Handler is the Chief Executive Officer of Jefferies, and its largest operating subsidiary, Jefferies Group LLC, a global investment banking firm.
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IPO News for Landcadia Holdings III
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IPO Data
IPO File Date 09/17/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 50.0
Deal Size ($mm) $500
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/08/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 50.0
Deal Size ($mm) $500
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Houston, TX
Founded 2018
Employees 5