Landsea Homes Reports Secondary Common Stock Offering Of 4.2M Shares By Selling Stockholder Green Investment Alpha; Co. Plans Concurrent Stock Repurchase Of 800K Shares
Portfolio Pulse from Benzinga Newsdesk
Landsea Homes has announced a secondary common stock offering of 4.2 million shares by selling stockholder Green Investment Alpha. Concurrently, the company plans to repurchase 800,000 of its own shares.
August 21, 2023 | 8:09 pm
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NEUTRAL IMPACT
Landsea Homes' secondary stock offering and concurrent repurchase could lead to increased liquidity and potentially stabilize the stock price.
The secondary stock offering will increase the number of shares available in the market, potentially increasing liquidity. The concurrent repurchase of shares by the company could help stabilize the stock price by reducing the supply of shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100