Stock report · Preferred, note or unit · NASDAQ
Landcadia Holdings, Inc. Units (LCAHU)
Security Delisted ยท last traded November 15, 2018
LCAHU is not a common stock. LCAHU was the unit of Landcadia Holdings, a blank-check company sponsored by Tilman Fertitta and Jefferies. When Landcadia completed its business combination with Waitr on November 15, 2018, the units ceased trading and the combined company began trading as Waitr Holdings (WTRH) the next day.
Security details
- Exchange (former)
- NASDAQ
- Status
- Delisted
- Last trading day
- November 15, 2018
- Reason
- SPAC units separated when Landcadia completed its merger with Waitr; combined company traded as WTRH
- Consideration
- Units split into Waitr Holdings common stock and warrants
- Issuer
- Waitr Holdings Inc. (formerly NASDAQ: WTRH)
- Sector
- Financial
- Industry
- Blank Check / Shell Company
- Headquarters
- Houston, Texas
About Landcadia Holdings, Inc. Units
LCAHU was the ticker for the units of Landcadia Holdings, a special purpose acquisition company based in Houston. Each unit combined one share of Class A common stock with a fraction of a warrant, the standard structure for blank-check offerings of that era. The units could later be split so the shares and warrants traded on their own. Landcadia was sponsored by restaurant and casino owner Tilman Fertitta together with the investment bank Jefferies.
Landcadia raised about $250 million in its Nasdaq initial public offering in 2016, placing the proceeds in a trust account while it searched for an acquisition target. As is typical for SPACs, it had a limited time to complete a deal or return the cash to shareholders. In 2018 it agreed to buy Waitr, a Louisiana-based online restaurant ordering and food delivery platform focused on smaller markets in the southern United States.
The business combination closed on November 15, 2018, for total consideration of roughly $308 million, alongside $85 million of financing from Luxor Capital. The company was renamed Waitr Holdings and began trading on Nasdaq as WTRH on November 16, 2018, and the Landcadia units were retired. Waitr later struggled against larger delivery rivals, rebranded as ASAP, and its stock was eventually delisted, so there is no longer a listed successor.
Landcadia units FAQ
What is LCAHU?
LCAHU was the unit of Landcadia Holdings, a blank-check company sponsored by Tilman Fertitta and Jefferies. When Landcadia completed its business combination with Waitr on November 15, 2018, the units ceased trading and the combined company began trading as Waitr Holdings (WTRH) the next day.
Can I still buy LCAHU?
No. LCAHU is no longer listed on NASDAQ or any other U.S. exchange.
What happened to LCAHU units?
When the Waitr merger closed in November 2018, the units were separated into their component Waitr Holdings shares and warrants and stopped trading.
LCAHU no longer trades, so there is no live quote or chart. The information on this page is for reference only and is not investment advice; see our disclaimer.