B. Riley Securities served as the Lead Left Bookrunner in connection with Landsea Homes Corporation's recent $32.5 million secondary offering. B. Riley led the sale of 2,800,000 shares of the Company’s common stock at a public offering price of $11.60 by Landsea Holdings Corporation.

"The B. Riley team has been instrumental to our success as a homebuilder and our evolution as a public company,” said John Ho, Chief Executive Officer and Director, Landsea Homes Corporation. “We are pleased with their execution on this offering and are thankful to the many investors who participated. We look forward to creating value for our shareholders by delivering on our strategic initiatives in the coming years.”

This transaction deconsolidates Landsea Homes from the Selling Shareholder’s balance sheet and removes the Company’s control status per NASDAQ rules. Read more about the transaction here.

Landsea is a residential homebuilder that designs and builds homes and sustainable master-planned communities, including suburban, single-family detached and attached homes, mid-rise properties, and master-planned communities in Arizona, California, Florida, Colorado and Texas. Learn more about Landsea here.

Larry Goldsmith, Senior Managing Director, B. Riley Securities commented, “We are delighted to remain actively involved in Landsea’s growth. Landsea’s ability to consistently execute on the Company’s growth plans, combined with management’s ability to paint a clear and compelling picture of the Company’s future to investors, resulted in another highly successful offering.”

B. Riley’s Investment Banking team was led by Larry Goldsmith and included John Matthews, Mickey Sacks and Jack Russell.

B. Riley’s Capital Markets team was led by Jimmy Baker and Ryan Aceto and included Dawn Farrell, Kathy Innis and Samuel Cook.