Core Points - The Company announced an extension of the Expiration Date for its cash tender offer to purchase Landsea Homes' outstanding 8.875% Senior Notes due 2029 and to solicit consents from holders of the Notes [1][2] Group 1: Tender Offer Details - The Expiration Date has been extended from June 11, 2025, to June 23, 2025, unless further extended or terminated [2] - As of the current date, the Company received tenders and consents from holders amounting to $293,848,000, which is approximately 97.95% of the total outstanding principal amount of the Notes [3] - The consideration payable for the Notes includes $994.38 for each $1,000 in principal amount, with an Early Participation Premium of $50, leading to a total consideration of $1,044.38 for those who tendered by the Early Tender Date [3][4] Group 2: Conditions and Amendments - The consummation of the Tender Offer is subject to certain conditions, including the completion of a Merger and a financing condition [7] - The Company intends to extend the Expiration Date until the closing of the Merger, and it reserves the right to waive any conditions to the Tender Offer [7] - A supplemental indenture was entered into on May 29, 2025, to effect proposed amendments, which will only become operative if a majority of the Notes are accepted for purchase [7][8]

NEW YORK, May 29, 2025 (GLOBE NEWSWIRE) -- Lido Merger Sub, Inc. (the “Company”) announced today that, according to information provided by Global Bondholder Services Corporation, the Information and Tender Agent for the Company’s previously announced cash tender offer (the “Tender Offer”) and consent solicitation (the “Consent Solicitation”), as of 5:00 p.m., New York City time, on May 29, 2025, the Company had received tenders and consents from holders of $293,848,000 in aggregate principal amount of Land ...

Core Viewpoint - The Company is extending the Early Tender Date for its cash tender offer to purchase Landsea Homes' outstanding 8.875% Senior Notes due 2029 and is increasing the Tender Consideration and Total Consideration payable in connection with the Tender Offer [1][3]. Group 1: Tender Offer Details - The Early Tender Date has been extended from May 27, 2025, to May 29, 2025, at 5:00 p.m. New York City time [2]. - The Tender Consideration for the 8.875% Senior Notes is set at $994.38 per $1,000 in principal amount, with an Early Participation Premium of $50.00, bringing the Total Consideration to $1,044.38 [3][4]. - Holders whose Notes are accepted will receive accrued and unpaid interest up to the settlement date [5]. Group 2: Conditions and Future Actions - The consummation of the Tender Offer is subject to certain conditions, including the completion of a Merger, expected to close early in the third quarter of 2025 [7]. - If the requisite consents for the Notes are not obtained and the Merger is completed, the Company will initiate a "Change of Control Offer" to repurchase the Notes [7][8]. - The Total Consideration offered is higher than the repurchase price under the Change of Control Offer as per the Indenture [8].

NEW YORK, May 13, 2025 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Landsea Homes Corporation (NASDAQ: LSEA) and its board of directors concerning the proposed acquisition of the company by New Home Co. Stockholders will receive $11.30 for each share of Landsea Homes stock that they hold. The transaction is valued at approximately $1.2 billion and is expected to close in the third quarter of 2025.If you are a stockholder of Landsea Homes Corporation and are interes ...

Group 1 - Monteverde & Associates PC is investigating Landsea Homes Corporation regarding its proposed merger with New Home Co, which involves a tender offer to acquire all outstanding shares at $11.30 per share in cash [1] - Monteverde & Associates PC has a successful track record in recovering millions for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report [1] - The firm operates from the Empire State Building in New York City and specializes in class action securities litigation [2][3] Group 2 - The firm encourages shareholders with concerns about Landsea Homes Corporation to contact them for additional information free of charge [3] - Monteverde & Associates PC emphasizes that no company, director, or officer is above the law, reinforcing their commitment to shareholder rights [3] - The firm has a history of litigating and recovering money for shareholders, including cases that have reached the U.S. Supreme Court [2]

Landsea Homes Corporation (LSEA) reported lackluster first-quarter 2025 results, wherein adjusted earnings and total revenues missed the Zacks Consensus Estimate. On a year-over-year basis, the bottom line tumbled while the top line grew.During the quarter, the company witnessed growth in home closing volume, which was partially offset by lower home closing average selling price (ASP), especially across Texas, Florida and Colorado markets. Reduced cancellation rates, accompanied by order growth on lower ASP ...

Landsea Homes (LSEA) Q1 2025 Earnings Call May 13, 2025 10:00 AM ET Company Participants Drew Mackintosh - Founder and PrincipalJohn Ho - CEO & DirectorMike Forsum - COO & PresidentChris Porter - CFO Operator Good day, everyone, and welcome to today's Landsea Homes Corporation First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. Please note, this call may be recorded, and I will be standing by if you should need any assistance. It is now my pleasure to tu ...

Landsea Homes (LSEA) Q1 2025 Earnings Call May 13, 2025 10:00 AM ET Company Participants Drew Mackintosh - Founder and PrincipalJohn Ho - CEO & DirectorMike Forsum - COO & PresidentChris Porter - CFO Operator Good day, everyone, and welcome to today's Landsea Homes Corporation First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. Please note, this call may be recorded, and I will be standing by if you should need any assistance. It is now my pleasure to tu ...

Landsea Homes (LSEA) Q1 2025 Earnings Call May 13, 2025 10:00 AM ET Speaker0 Good day, everyone, and welcome to today's Landsea Homes Corporation First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. Please note, this call may be recorded, and I will be standing by if you should need any assistance. It is now my pleasure to turn the conference over to Drew McIntosh, Investor Relations. Please go ahead. Speaker1 Good morning and welcome to Lansing Homes' fi ...

NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Lido Merger Sub, Inc. (the “Company”) announced today that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of Landsea Homes Corporation’s (“Landsea Homes”) outstanding 8.875% Senior Notes due 2029 (the “Notes”). In connection with the Tender Offer, the Company is also soliciting the consents of holders of the Notes to certain proposed amendments to the indenture governing the Notes (the “Consent Solicitation”). The Company is comme ...