Houston billionaire Tilman Fertitta’s second blank-check company has raised $275 million to be used in a future business combination.
Landcadia Holdings II Inc. priced its initial public offering of 27.5 million units at $10 each, according to a May 6 press release. The company will begin trading on the Nasdaq Capital Market under the ticker symbol “LCAHU” on May 7, and the offering is expected to close May 9.
…Back in 2016, Fertitta and Handler took their first blank-check company — Landcadia Holdings Inc. — public in a $250 million IPO. The company’s name was a combination of Landry’s Inc., also owned by Fertitta, and Leucadia National Corp., the previous name of Jefferies Financial Group.
The original Landcadia completed its $308 million acquisition of Waitr Inc. in November 2018, changing the combined company’s name to Waitr Holdings Inc. (Nasdaq: WTRH). The Lake Charles, Louisiana-based company is a restaurant platform for online food ordering and delivery in the southeastern U.S. Chris Meaux, founder and CEO of Waitr, retained his role following the acquisition, and Fertitta joined the board of directors.