Wedbush Securities

Landsea Homes Announces Closing of Secondary Common Stock Offering

Retrieved on: 
Friday, March 8, 2024

DALLAS, March 08, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, announced today the closing of its previously announced underwritten secondary offering by its largest stockholder, Landsea Holdings Corporation (the “Selling Stockholder”), of 2,434,783 shares of the Company’s common stock, at a price of $11.60 per share (before underwriting discounts and commissions), and the full exercise by the underwriters of their option to purchase an additional 365,217 shares the Company’s common stock (the “Offering”).

Key Points: 
  • DALLAS, March 08, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, announced today the closing of its previously announced underwritten secondary offering by its largest stockholder, Landsea Holdings Corporation (the “Selling Stockholder”), of 2,434,783 shares of the Company’s common stock, at a price of $11.60 per share (before underwriting discounts and commissions), and the full exercise by the underwriters of their option to purchase an additional 365,217 shares the Company’s common stock (the “Offering”).
  • B. Riley Securities and BofA Securities acted as joint bookrunning managers in the Offering.
  • The Company did not offer any shares of its common stock in the Offering and did not receive any of the proceeds from the sale of the shares offered by the Selling Stockholder.
  • “The closing of the Offering marks a significant milestone for our company,” said Landsea Homes Chief Executive Officer John Ho.

Landsea Homes Announces Pricing of Secondary Common Stock Offering

Retrieved on: 
Wednesday, March 6, 2024

DALLAS, March 06, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, announced today the pricing of the previously announced underwritten secondary offering by its largest stockholder, Landsea Holdings Corporation (the “Selling Stockholder”) of 2,434,783 shares of the Company’s common stock, at a price of $11.60 per share (before underwriting discounts and commissions) (the “Offering”).

Key Points: 
  • DALLAS, March 06, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, announced today the pricing of the previously announced underwritten secondary offering by its largest stockholder, Landsea Holdings Corporation (the “Selling Stockholder”) of 2,434,783 shares of the Company’s common stock, at a price of $11.60 per share (before underwriting discounts and commissions) (the “Offering”).
  • The Selling Stockholder has granted the underwriters a 30-day option to purchase up to 365,217 additional shares of the Company's common stock.
  • The Offering is expected to close on March 8, 2024, subject to the satisfaction of customary closing conditions.
  • The Company is not offering any shares of its common stock in the Offering and will not receive any of the proceeds from the sale of the shares offered by the Selling Stockholder.

Landsea Homes Announces Secondary Common Stock Offering

Retrieved on: 
Tuesday, March 5, 2024

DALLAS, March 05, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, announced today that its largest stockholder, Landsea Holdings Corporation (the “Selling Stockholder”), has commenced a secondary offering of 2,434,783 shares of the Company’s common stock (the “Offering”).

Key Points: 
  • DALLAS, March 05, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, announced today that its largest stockholder, Landsea Holdings Corporation (the “Selling Stockholder”), has commenced a secondary offering of 2,434,783 shares of the Company’s common stock (the “Offering”).
  • The Selling Stockholder will also grant the underwriters a 30-day option to purchase up to an additional 365,217 shares of common stock.
  • B. Riley Securities and BofA Securities are acting as joint bookrunning managers in the Offering.
  • The Company is not offering any shares of its common stock in the Offering and will not receive any of the proceeds from the sale of the shares offered by the Selling Stockholder.

4M Therapeutics Strengthens Executive Leadership Team with Appointment of Kimberly Lee, D.O. as Chief Business Officer

Retrieved on: 
Monday, March 4, 2024

4M Therapeutics Inc., an early-stage biotechnology company developing treatments for neuropsychiatric and neurodegenerative conditions, today announced the appointment of Kimberly Lee, D.O.

Key Points: 
  • 4M Therapeutics Inc., an early-stage biotechnology company developing treatments for neuropsychiatric and neurodegenerative conditions, today announced the appointment of Kimberly Lee, D.O.
  • as Chief Business Officer and member of the executive management team.
  • “We are excited to welcome Kim to the team to maximize the potential of our pipeline and to drive strategic growth,” said Dr. Pablo Lapuerta, Chief Executive Officer and Co-founder of 4M Therapeutics.
  • Prior to that, she held the role of Chief Corporate Affairs Officer at Taysha Gene Therapies.

Wedbush Financial Services Welcomes Kevin D. White

Retrieved on: 
Tuesday, January 30, 2024

Wedbush Financial Services ("WFS"), a diversified financial services holding company, welcomes Kevin D. White as Executive Vice President and Senior Advisor.

Key Points: 
  • Wedbush Financial Services ("WFS"), a diversified financial services holding company, welcomes Kevin D. White as Executive Vice President and Senior Advisor.
  • In his new role, Kevin will collaborate with leadership across Wedbush’s varied lines of business, introducing and exploring new commercial and capital partnerships.
  • Moreover, I see Wedbush as a unique platform with a track record of excellence in Wealth Management, Investment Banking, Capital Markets and Multi-Asset Clearing.
  • He received his BA in Chemistry from The College of the Holy Cross and his MBA in Finance from Northwestern University’s Kellogg School of Management.

Charging Ahead: New GBK Collective Study on EV Adoption Reveals Half of U.S. Households Considering EV or Hybrid for Their Next Vehicle

Retrieved on: 
Thursday, January 25, 2024

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    Conducted with over 2,000 consumers, the study reveals that the next wave of consumers considering an EV or hybrid are more budget conscious.
  • Yet GBK found that potential EV buyers are willing to pay on average $7,650 more for an EV compared to a gasoline-powered vehicle with similar features.
  • “It is also clear that consumers considering an EV or hybrid are more pragmatic and cost-conscious than current EV owners.
  • According to GBK’s study , consumers considering a new EV or hybrid are more attracted by perceived environmental benefits than current EV owners (40% vs 56%).

Smith Douglas Announces Pricing of Initial Public Offering

Retrieved on: 
Thursday, January 11, 2024

Smith Douglas Homes Corp. (“Smith Douglas”), one of the nation’s fastest growing private homebuilders by number of closings, today announced the pricing of the initial public offering of 7,692,308 shares of its Class A common stock at a price to the public of $21.00 per share.

Key Points: 
  • Smith Douglas Homes Corp. (“Smith Douglas”), one of the nation’s fastest growing private homebuilders by number of closings, today announced the pricing of the initial public offering of 7,692,308 shares of its Class A common stock at a price to the public of $21.00 per share.
  • Smith Douglas has granted the underwriters a 30-day option to purchase up to an additional 1,153,846 shares of its Class A common stock.
  • Smith Douglas shares are expected to begin trading on the New York Stock Exchange on January 11, 2024 under the ticker symbol “SDHC.” The offering is expected to close on January 16, 2024, subject to customary closing conditions.
  • A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on January 10, 2024.

Cboe Digital Launches Margined Bitcoin and Ether Futures, Announces Successful First Trade

Retrieved on: 
Friday, January 12, 2024

CHICAGO, Jan. 12, 2024 /PRNewswire/ -- Cboe Digital announced it successfully launched margined Bitcoin and Ether futures and completed its first margined Bitcoin futures trade.

Key Points: 
  • CHICAGO, Jan. 12, 2024 /PRNewswire/ -- Cboe Digital announced it successfully launched margined Bitcoin and Ether futures and completed its first margined Bitcoin futures trade.
  • "As an exchange and clearinghouse, this is a significant milestone for Cboe Digital and its vision to unify the crypto spot and futures market," said John Palmer, President of Cboe Digital.
  • Following its launch of financially settled margined contracts on Bitcoin and Ether, Cboe Digital plans to expand its product suite to include physically delivered products, pending regulatory approval.
  • For more information about the new margined Bitcoin and Ether futures, visit Cboe Digital's website here .

Sun Communities, Inc. Prices $500 Million of Senior Notes

Retrieved on: 
Thursday, January 4, 2024

The public offering price for the Notes was 99.878% of the principal amount for an effective yield to maturity of 5.528%.

Key Points: 
  • The public offering price for the Notes was 99.878% of the principal amount for an effective yield to maturity of 5.528%.
  • The Notes will be senior unsecured obligations of the Operating Partnership, guaranteed fully and unconditionally by the Company.
  • The offering is expected to close on or about January 11, 2024, subject to customary closing conditions.
  • The Notes will be issued pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission.

Smith Douglas Announces Launch of Initial Public Offering

Retrieved on: 
Wednesday, January 3, 2024

Smith Douglas Homes Corp. (“Smith Douglas”), one of the nation’s fastest growing private homebuilders by number of closings, today announced the launch of the initial public offering of 7,692,308 shares of its Class A common stock.

Key Points: 
  • Smith Douglas Homes Corp. (“Smith Douglas”), one of the nation’s fastest growing private homebuilders by number of closings, today announced the launch of the initial public offering of 7,692,308 shares of its Class A common stock.
  • The initial public offering price is currently expected to be between $18.00 and $21.00 per share.
  • Smith Douglas expects to grant the underwriters a 30-day option to purchase up to an additional 1,153,846 shares of its Class A common stock at the initial public offering price, less the underwriting discount.
  • The initial public offering is subject to market and other conditions and the completion of the SEC's review process.