Lido Merger Sub, Inc. Announces Extension of Early Tender Date of Tender Offer and Consent Solicitation for 8.875% Senior Notes due 2029 of Landsea Homes Corporation and Increased Consideration

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].