Latham & Watkins Represents Landsea Homes Corporation in US$71.75 Million Secondary Offering of Common Stock

Landsea Homes Corporation (Nasdaq: LSEA), a publicly traded residential homebuilder, has announced the pricing of an underwritten public offering of 6,086,957 shares of its common stock being sold by selling stockholders of the Company, Landsea Holdings Corporation, and Ever Fast Holdings Limited, at a public offering price of US$10.25 per share, for total gross proceeds of approximately US$62.4 million to the selling stockholders, before deducting underwriting discounts and commissions and offering expenses. In addition, the underwriters exercised their option to purchase up to an additional 913,043 shares of the company’s common stock at the public offering price, less underwriting discounts and commissions. The company did not sell any shares of common stock in the offering. The offering closed on December 9, 2024.

Latham & Watkins LLP represented Landsea Homes Corporation in the offering with a capital markets team led by Orange County partners Drew Capurro and Darren Guttenberg, with associates Jacob Walsh, Kennedy Holmes, and Ivana Valdez. Advice was provided on tax matters by Chicago partner Rene de Vera, with associate Valerie Silva Parra.