SPACInsider Logo
Landcadia III (LCY) Shareholders Approve Hillman Group Deal
by Marlena Haddad on 2021-07-13 at 5:35pm

Landcadia Holdings III, Inc.  (NASDAQ:LCY) announced in an 8-K filing that its shareholders approved its combination with hardware and home improvement company Hillman Group in a meeting earlier this morning.

At the meeting, a total of 51,513,752, or 82.42%, of the company’s issued and outstanding shares were present.  The business combination received 51,503,549 votes in favor of the transaction, with just 2,573 votes against it.

Landcadia III pre-announced yesterday that there were no redemptions in connection with the business combination. Although press releases for SPACs do not typically mention redemptions, it is likely the company figured it would be best to make this announcement so the market does not make any assumptions ahead of the closing.  Just yesterday, Wheels Up had to waive the minimal cash in trust amount for its SPAC deal with Aspirational Consumer Lifestyle Corp. due to the heavy amount of redemptions.

Hillman’s existing investors are expected to hold 49% of the combined entity’s equity, with Landcadia III shareholders taking 26%.

The filing did not include a timeline on the transaction’s close, but it is likely to be completed shortly. The combined company is then expected to trade on the Nasdaq under the symbol, “HLMN.”

The parties initially announced the $2.6 billion deal on January 25. Cincinnati-based Hillman sells hardware and tools online as well as through about 40,000 retailers.

Although the transaction was approved unanimously, certain advisory charter proposals received pushback, but were ultimately passed.  For a full list of proposals and vote talliesclick HERE.


  • Barclays and Jefferies are acting as financial advisors to Hillman.
  • Ropes & Gray LLP is acting as legal advisor to Hillman.
  • Jefferies is acting as capital markets advisor to Landcadia III.
  • White & Case LLP is acting as legal advisor to Landcadia III.
  • Jefferies and Barclays are acting as placement agents for the PIPE.


Recent Posts
by Nicholas Alan Clayton on 2023-06-06 at 7:23am

Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 9. The SPAC plans to use this time to further engage with its shareholders as the ballot includes a variety of additional...

by Marlena Haddad on 2023-06-05 at 5:45pm

Latest Non-Redemption Agreements:  EVe Mobility EVe Mobility Acquisition Corp. (EVE) Adds Non-Redemption Agreement On June 5, 2023, EVe Mobility Acquisition Corp. (NYSE:EVE) and the Sponsor entered into non-redemption agreements with unaffiliated third party investors, pursuant to which the Investors have, in connection with the Extension Meeting, agreed not to redeem, or to reverse and revoke any prior...

by Marlena Haddad on 2023-06-05 at 5:44pm

Latest SPAC Liquidations: ST Energy Transition I, MELI Kaszek Pioneer Corp. ST Energy Transition I Ltd. (STET) to Liquidate on June 7 ST Energy Transition I Ltd. (NYSE:STET) announced today that the Board of Directors has elected to dissolve and liquidate the company. Net of taxes and dissolution expenses, the per-share redemption price for the...

by Marlena Haddad on 2023-06-05 at 5:43pm

Worldwide Webb Acquisition Corp. (NASDAQ: WWAC) announced this afternoon that it has secured a $5 million PIPE for its proposed merger with consultancy firm Aeries Technology. While most PIPEs are priced at $10 per share, Worldwide Webb’s $5 million subscription agreement was executed at just $4.48 per share in a private placement to be completed concurrently...

by Marlena Haddad on 2023-06-05 at 5:42pm

Metals Acquisition Corp. (NYSE: MTAL) announced this afternoon that its shareholders have approved its acquisition and business combination with the CSA Copper Mine from Glencore (LON:GLEN) at a special meeting held earlier today. The business combination and merger were overwhelmingly approved as both proposals received 27,538,130 shares in favor of it and just 455,506 shares against it. In...

Privacy Policy|Terms Of Use
Copyright © 2023 SPACInsider, Inc. All Rights Reserved