Landsea Homes Corp: M&A transaction — Landsea Homes supplements Antares acquisition filing with Q1 2024 unaudited financials

Landsea Homes Corp

Antares Q1 2024 net income $5.28M vs $4.51M a year earlier; revenue $42.66M up 8.7%.
Acquisition closed April 1, 2024; supplemental filing provides Antares balance sheet as of March 31, 2024 with $88.9M inventory.
Pro forma combined financial information for six months ended June 30, 2024 and year ended Dec 31, 2023 included in Exhibit 99.2.
Antares had $39.97M in acquisition and construction loans outstanding at March 31, 2024; unused credit capacity $138.9M.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.98

Landsea Homes Corp completed an acquisition involving Antares Acquisition, LLC (closed 2024-04-01).

Action: acquisition
Counterparty: Antares Acquisition, LLC
Closing: 2024-04-01

Exact text from the filing

the completion, on April 1, 2024, of the Company’s acquisition (the “Acquisition”) of all of the outstanding membership interests of Antares Acquisition, LLC

View on SEC.gov

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Source: SEC EDGAR

accession 0001731122-24-001399

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