Landcadia Holdings LCAHU = 1C + 1W to buy 1/2c
May 16 announced deal to merge with WaitR
Two warrants + $11.50.
Trust ~$10.11 ~$252mm. On March 11, 2018. No additional added.
Extension from June 1, 2018 to December 14, 2018.
Extension ~1.7 million shares out of a total of 25 million shares of the Company's Class A common stock were redeemed. As a result, approximately $235.6 million still remains in the trust account.
The Company’s co-Sponsors are Fertitta Entertainment, Inc. (the “FEI Sponsor”) and Leucadia National Corporation (the “Leucadia Sponsor” and, together with FEI Sponsor, the “Sponsors”). Tilman J. Fertitta, the Company’s Co-Chairman and Chief Executive Officer, is the sole stockholder, Chairman and Chief Executive Officer of Fertitta Entertainment, Inc., and Richard Handler, the Company’s Co-Chairman and President, is the Chief Executive Officer of Leucadia National Corporation and its largest operating subsidiary, Jefferies Group LLC, a global securities and investment banking firm.
On June 1, 2016, we consummated our initial public offering (the “public offering”) of 25,000,000 units at a price of $10.00 per unit (the “units”), generating total proceeds of $250,000,000. Each unit consists of one share of the Company’s Class A common stock, $0.0001 par value (“public shares”) and one redeemable common stock purchase warrant (each, a “public warrant”). Each public warrant entitles the holder to purchase one-half of one share of Class A common stock at a price of $11.50 per whole share. Simultaneously with the consummation of the public offering, our Sponsors purchased an aggregate of 14,000,000 warrants, at a price of $0.50 per warrant, each exercisable to purchase one-half of one share of common stock at a price of $11.50 per share