Landcadia Holdings IV in a prospectus said it will increase the conversion price payable to warrant holders from the initial 25 cents per warrant to 40 cents each.
The SPAC has called a Sept. 22 meeting for shareholders to vote on a deadline extension proposal that would push its termination date to March 24, 2024. The current deadline expires Sept. 29.
Landcadia IV raised $500 million in a March 2021 ipo. The SPAC's focus is on consumer, dining, hospitality, entertainment and gaming industries, including technology companies operating in these industries. Read more.