Landsea Homes Corporation Announces Proposed Secondary Offering of Common Stock
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Landsea Homes Corporation announced a secondary offering of 5,043,480 shares of its common stock by selling stockholders. The offering includes a 30-day option for underwriters to purchase an additional 756,520 shares. The company itself is not selling any shares.
December 05, 2024 | 9:30 pm
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Landsea Homes Corporation is conducting a secondary offering of 5,043,480 shares by selling stockholders, with an option for underwriters to purchase an additional 756,520 shares. The company is not selling any shares itself.
The announcement of a secondary offering typically leads to a short-term decrease in stock price due to the potential dilution of shares. Although the company itself is not selling shares, the increase in available shares from selling stockholders can still impact the market perception and stock price negatively.
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