Landcadia Holdings IV, Inc.
LCAHU
NASDAQ Capital Market10.75
USD
+0.21
- -
CIK
0001844642
ISIN
US51477A2033
CUSIP
51477A203
Return %
Stock
S&P500
1Y
5.91
26.53
3Y
7.93
76.60
5Y
7.39
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Tilman J. Fertitta
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1510 West Loop South Houston TX United States of America 77027
- IPO Date
- Mar 24, 2021
- CIK
- 0001844642
- Similar Companies
- Business
- Landcadia Holdings IV, Inc. is a blank check company focused on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations primarily in the consumer, dining, hospitality, entertainment, and gaming industries, including technology companies operating within these sectors. The company was founded with an aim to leverage the extensive industry experience and networks of its management team, including co-chairman and CEO Tilman Fertitta, to identify undervalued businesses offering opportunities for operational improvements and growth. Its investment strategy emphasizes acquiring businesses that can grow organically and through add-on acquisitions, with a geographic focus primarily on the United States. The company's core business model revolves around sourcing and consummating business combinations rather than direct operations or product sales. Landcadia Holdings IV targets restaurants, hospitality businesses, entertainment venues, gaming companies, and technology firms that serve these markets. The company aims to create value through operational enhancements and leveraging sponsorship and management expertise in the targeted industries. In recent major developments, Landcadia Holdings IV announced in early 2024 that it would redeem its public shares and liquidate after failing to complete a business combination by the deadline. This decision led to the company's delisting effective February 28, 2024, and shareholders receiving a redemption price per share of approximately $10.56. Prior to this, the company's focus and attempts were on securing a merger or acquisition deal within its targeted sectors but these were not finalized. The company's sponsors and management, known for their involvement in multiple investments and businesses within the dining and entertainment industries, have constantly pursued growth opportunities through acquisitions and partnerships in these spaces. Landcadia Holdings IV was headquartered in Houston, Texas, and raised approximately $500 million in its initial public offering in March 2021. The company formed part of a series of SPACs associated with Tilman Fertitta, who also leads multiple other hospitality and entertainment businesses including Landry's, Inc., which operates prominent restaurant brands and casinos. The company’s emphasis remained strongly aligned with leveraging the sponsor’s operational experience and network to identify and develop business combinations within its targeted market segments. Overall, Landcadia Holdings IV functioned as a special purpose acquisition company with a strategic focus on investments and business combinations in consumer-facing industries such as dining, hospitality, gaming, and entertainment in the U.S., but it ceased operations after failing to consummate a qualifying business combination by the mandated timeline, leading to its shareholder redemption and liquidation in 2024.
Landcadia Holdings IV, Inc. Announces the Separate Trading of its Common Stock and Warrants, Commencing May 17, 2021
Landcadia Holdings IV, Inc., Sponsored by Jefferies Financial Group Inc. and Tilman J. Fertitta, Announces Closing of $500 Million Initial Public Offering
Landcadia Holdings IV, Inc., Sponsored by Jefferies Financial Group Inc. and Tilman J. Fertitta, Announces Pricing of $500 Million Initial Public Offering
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