Landcadia Holdings IV in a regulatory filing said it will be unable to complete a deal by deadline, and so will redeem shares and liquidate. The per share redemption price will be approximately $10.56.
Landcadia IV raised $500 million in a March 2021 IPO. The SPAC’s focus was on consumer, dining, hospitality, entertainment and gaming industries, including technology companies operating in these industries.
The SPAC last September secured a deadline extension to March 24, but never announced a deal. Redemptions ahead of that extenion vote pulled the cash in trust down to about $11 million. Read more.
