Landsea Homes CORP
Market Movers (8-K)
New Home Co. has successfully completed its acquisition of Landsea Homes Corporation for $11.30 per share in cash, leading to Landsea Homes' delisting from Nasdaq and the formation of a privately-held, top-25 national homebuilder.
Capital raise
Landsea Homes Corporation has successfully secured noteholder consent to amend its 8.875% Senior Notes due 2029, removing significant restrictive covenants and events of default in connection with its pending merger.
Capital raise
8-K: New Home Co. to Acquire Landsea Homes for $11.30 Per Share, Creating Top 25 National Homebuilder
New Home Co. will acquire Landsea Homes in an all-cash transaction for $11.30 per share, creating a top 25 national homebuilder.
Better than expected
Capital raise
Landsea Homes saw a revenue increase of 6% but experienced a net loss in the first quarter of 2025, compared to a net income in the same period last year.
Worse than expected
Landsea Homes confirms receipt of notice from Mill Road Capital III, L.P. of its intention to nominate three director candidates for election to the Company's Board of Directors at the 2025 Annual Meeting of Stockholders.
Landsea Homes announced record fourth-quarter home sales revenue of $450.6 million and full-year total revenue of $1.55 billion.
Worse than expected
Quarterly Earnings (10-Q)
Landsea Homes Corporation reports a net loss for Q1 2025 but announces a merger agreement with Lido Holdco, Inc.
Worse than expected
Landsea Homes Corporation reports a 31% increase in home sales revenue for the nine months ended September 30, 2024, driven by acquisitions and strong sales, but net income decreased due to higher costs and incentives.
Worse than expected
Landsea Homes Corporation's Q2 2024 results show increased revenue and home deliveries, but also a decrease in net income and gross margins due to market pressures and strategic incentives.
Worse than expected
Landsea Homes Corporation experienced a slight net income increase in Q1 2024, despite facing challenges from higher interest rates and market uncertainty.
Worse than expected
Capital raise
Annual Reports (10-K)
Landsea Homes Corporation files an amendment to its 2024 annual report to include previously omitted information regarding directors, executive officers, and corporate governance.
10-K: Landsea Homes Reports Increased Home Sales Revenue and Deliveries in 2024, Despite Market Headwinds
Landsea Homes' 2024 10-K filing reveals a year of growth in revenue and home deliveries, balanced against challenges from elevated interest rates and market uncertainty.
Worse than expected
Landsea Homes Corporation's 10-K filing provides a detailed overview of its securities, corporate governance, and financial performance for the fiscal year ended December 31, 2023.
Worse than expected
Insider Trading (Form 4)
Landsea Homes Corp Director Thomas Hartfield disposed of all 58,381 shares of common stock at $11.30 per share through a tender offer to Lido Merger Sub, Inc.
A director of Landsea Homes Corp. has reported the disposition of all her beneficial ownership in the company's common stock and restricted stock units, totaling 20,454 shares, as part of a merger agreement at $11.30 per share.
Landsea Homes Corp Director Rajinder Singh reported the disposition of all his common stock and restricted stock units, totaling 7,153 shares, as a result of the company's merger, receiving $11.30 per share in cash.
Mollie Fadule, a Director at Landsea Homes Corp., has tendered 78,101 shares of common stock at $11.30 per share to Lido Merger Sub, Inc. as part of a corporate transaction.
Michael Forsum, Chief Operating Officer of Landsea Homes Corp., has disposed of all his beneficial ownership in the company's common stock and restricted stock units following a merger agreement at an offer price of $11.30 per share.
Catharine Kelly Rentzel, General Counsel of Landsea Homes Corp, reported the disposition of common stock and restricted stock units as part of the company's acquisition by Lido Holdco, Inc. at an offer price of $11.30 per share.
Proxy Statements (Def-14A)
Landsea Homes confirms receipt of director nominees from Mill Road Capital III, L.P. for election at the 2025 Annual Meeting of Stockholders.
DEFA14A: Landsea Homes Corp. Sets Date for 2024 Annual Meeting, Outlines Proposals for Stockholder Vote
Landsea Homes Corp. announces its 2024 Annual Meeting of Stockholders to be held virtually on June 5, 2024, outlining key proposals for shareholder voting, including the election of directors and ratification of the company's independent auditor.
Landsea Homes Corp. will hold its 2024 Annual Meeting of Stockholders virtually on June 5, 2024, to vote on the election of directors, executive compensation, and the ratification of the company's independent auditor.
Schedule 13D - Activist Investments
SCHEDULE: Mill Road Capital III Completes Full Divestment of Landsea Homes Stake Following Tender Offer
Mill Road Capital III, L.P. and its affiliates have fully divested their 3,197,406 shares of Landsea Homes Corporation common stock at $11.30 per share following a tender offer by Lido Merger Sub, Inc., ceasing all beneficial ownership as of June 25, 2025.
SCHEDULE 13D/A: Mill Road Capital III Boosts Stake in Landsea Homes to 8.8%
Mill Road Capital III, L.P. and its affiliates have increased their beneficial ownership in Landsea Homes Corporation to 8.8% through recent open market purchases.
SCHEDULE 13D/A: Activist Investor Mill Road Capital Nominates Three Directors to Landsea Homes Board
Mill Road Capital III, L.P. has increased its stake in Landsea Homes Corporation to 6.7% and announced its intention to nominate three directors for election at the Issuer's 2025 Annual Meeting of Stockholders.
Schedule 13G - Passive Investments
Yu Jian Jun, through Brother Pearl Limited, has significantly reduced his beneficial ownership in Landsea Homes Corp from 8.86% to 5.26% following sales to third parties between May 16 and May 20, 2025.
Brother Pearl Ltd has reduced its beneficial ownership in Landsea Homes Corp from 8.86% to 5.26% through sales to third-party investors between May 16 and May 20, 2025.
Worse than expected
Glazer Capital, LLC and Paul J. Glazer have filed a Schedule 13G indicating they are no longer beneficial owners of more than five percent of Landsea Homes Corp's common stock.
BlackRock, Inc. has filed an amended Schedule 13G, disclosing a passive beneficial ownership of 4.7% of Landsea Homes Corp's common stock as of March 31, 2025.
BlackRock Portfolio Management LLC has filed a Schedule 13G, revealing a passive beneficial ownership of 6.8% of Landsea Homes Corp's common stock as of March 31, 2025.
SCHEDULE 13G/A: BlackRock Discloses 9.8% Stake in Landsea Homes Corp
BlackRock, Inc. has filed an amended Schedule 13G, revealing a beneficial ownership of 9.8% of Landsea Homes Corp's common stock as of December 31, 2024.