M&A - Apollo Management IX, L.P.

Form Type: SC TO-T/A

Filing Date: 2025-06-24

Corporate Action: Merger

Type: Update

Accession Number: 000095014225001661

Filing Summary: This Amendment No. 3 updates the Tender Offer Statement on Schedule TO filed by Lido Merger Sub, Inc., alongside Apollo Management IX, L.P., regarding a tender offer to acquire shares of Landsea Homes Corporation. The tender offer was for shares at a price of $11.30 each, set to expire at midnight on June 24, 2025. At the expiration time, approximately 77.35% of the outstanding shares, totaling 28,239,278 shares, were validly tendered. The Offeror plans to accept all validly tendered shares and will promptly pay for them on June 25, 2025. This acquisition will allow the Offeror to complete the merger with Landsea Homes under Section 251(h) of the DGCL, converting each outstanding share into the right to receive the offer price. Following the merger, shares will be delisted from the Nasdaq. The filing provides necessary updates to the earlier submissions on the tender offer process and related transactions.