Landcadia IV(LCA) - 2023 Q1 - Quarterly Report

Financial Performance - For the three months ended March 31, 2023, the company reported a net loss of $1,639,026 compared to a net income of $10,172,635 for the same period in 2022 [109]. - Basic and diluted net loss per common share for the three months ended March 31, 2023, was reported at $0.12, while for the same period in 2022, it was $0.16 [114]. Cash and Capital Structure - As of March 31, 2023, the company had an unrestricted cash balance of $135,830 and cash and accrued interest in the Trust Account totaling $13,864,801 [104]. - The company had a negative working capital balance of $2,452,136 as of March 31, 2023 [104]. - The company has agreed to loan up to $2,500,000 from its sponsors for ongoing business expenses and the Business Combination [104]. - The company has no long-term debt or off-balance sheet arrangements as of March 31, 2023 [105]. Public Offering and Shares - The company completed a $500,000,000 Public Offering on March 29, 2021, consisting of 50,000,000 Units priced at $10.00 per Unit [100]. - Following redemptions, the company has 13,857,537 shares of common stock outstanding, including 1,357,537 shares of Class A common stock [103]. Business Combination and Risks - The company expects to incur significant costs in pursuing its acquisition plans, with no assurance of successful capital raising or Business Combination completion [98]. - If a Business Combination is not completed by September 29, 2023, the company faces mandatory liquidation and dissolution [107].