M&A: LEVEL EQUITY OPPORTUNITIES FUND 2015, L.P.

Form Type: SCHEDULE 13D

Filing Date: 2025-01-07

Corporate Action: Merger

Type: Update

Accession Number: 000095017025002871

Comments: On December 30, 2024, the Issuer and Vacasa Holdings LLC, a wholly owned subsidiary of the Issuer, entered into an Agreement and Plan of Merger with Casago Holdings, LLC and its subsidiaries. The Merger will result in the Issuer merging with Casago Holdings, with the Issuer surviving the Company Merger, during which each share of Class A Common Stock will be converted into cash at the rate of $5.02, with the price subject to adjustments. Furthermore, Class B Common Stock will be canceled and will cease to exist following the merger. In addition, the Reporting Persons have entered into Support Agreements to vote in favor of the Merger and refrain from soliciting other acquisition proposals. The document also notes that the Class A Common Stock will be delisted from Nasdaq and deregistered after the merger's completion, affecting the beneficial ownership of the Reporting Persons. Additionally, there is a reference to a tax receivable agreement and a registration rights agreement that were entered into around the time of the merger. The Reporting Persons plan to continually evaluate their investment in the Issuer and may engage with other shareholders regarding potential changes in operations or management to enhance shareholder value.

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