An Orange County-based residential home builder will soon trade in Nasdaq after merging with a New York-based blank check company in a $510 million deal.
LF Capital Acquisition Corp. has acquired Landsea Homes, based in Newport Beach, in a reverse merger transaction that would allow Landsea to become publicly traded, pending regulatory approvals.
In the past 12 months ending in June, Landsea Homes has delivered 932 homes and generated $641 million in revenue, a 50 percent increase from the previous year, Landsea Homes CEO John Ho said during the conference call.