Jefferies Financial Group Inc. sold LCA
March 20, 2024 · Form 4 insider transaction
Jefferies Financial Group Inc. sold 6,250,000 shares of LCA, a transaction worth N/A. The trade was recorded as j and disclosed on an SEC Form 4, filed 1 day after the transaction.
Footnotes
On February 14, the Issuer announced that its board of directors had determined to redeem all of its outstanding shares of Class A common stock sold in the Issuer's initial public offering (the "Public Shares"), effective as of February 27, 2024, because the Issuer will not be able to consummate an initial business combination within the time period required by its second amended and restated certificate of incorporation. As of the close of business on February 27, 2024, the Public Shares were deemed cancelled and represented only the rights to receive the per-share redemption price. In connection with the dissolution of the Issuer, on March 20, 2024, Jefferies US Holdings LLC ("JUSH") forfeited to the Issuer for no consideration 6,250,000 shares of Class A common stock.; JUSH is the record holder of the shares reported herein. JUSH is a wholly-owned subsidiary of Jefferies Financial Group Inc. Jefferies Financial Group Inc. is a widely-held public company.