Holdings Corp Landsea, a major owner of LF Capital Acquisition Corp., recently disposed of 179,038 shares of the company. The disposals took place at $0.00 per share, on January 07, 2021. Landsea still owns 32,878,265 shares of the company. Landsea operates out of Newport Beach, CA. Some additional info was provided as follows:
Disposed of in settlement of 345.63 shares of phantom stock issued under the Landsea Homes Incorporated Phantom Stock Plan in connection with the completion of the merger (the "Merger"), on January 7, 2021 (the "Effective Date"), of the Issuer, LFCA Merger Sub, Inc., a Delaware corporation and a direct, wholly-owned subsidiary of the Issuer, Landsea Homes Incorporated, a Delaware corporation, and Landsea Holdings Corporation, a Delaware cor poration ("Landsea Holdings"), pursuant to the Agreement and Plan of Merger, dated as of August 31, 2020 (the "Merger Agreement"). On the Effective Date, Landsea Holdings disposed of 179,038 shares of the Issuer's common stock, par value $0.0001 per share, in addition to a cash settlement in the amount of $1,753,737.24 for the remainder thereof, in accordance with the Merger Agreement.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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