Landsea Homes Reports Upsizing And Pricing Of Previously Announced Secondary Offering Of 2.95M Shares At $7.50 Per Share
Portfolio Pulse from Benzinga Newsdesk
Landsea Homes has upsized and priced its secondary offering of 2.95 million shares at $7.50 per share. The company will also repurchase 443,478 shares through participation in the offering.
June 13, 2023 | 11:07 am
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NEUTRAL IMPACT
Landsea Homes' secondary offering of 2.95 million shares at $7.50 per share may impact its stock price in the short term.
The upsizing and pricing of the secondary offering may have a neutral impact on Landsea Homes' stock price in the short term. The company's repurchase of 443,478 shares could provide some support to the stock price, but the overall impact is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100