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What Happened to Hillman Solutions?
Ticker: HLMNSPAC Year: 2020
Return
-19.0%
Current Price
$8.66
Peak Price
$13.46
Trust Size
$2.4B
Summary
Hillman Solutions is a leading provider of hardware products and merchandising solutions sold through home improvement centers, pet and grocery chains, and other retailers in North America. The company went public via SPAC merger with Landcadia Holdings III in 2021.
What Happened
Landcadia Holdings III, a Fertitta/Jefferies-sponsored SPAC, merged with Hillman Group in July 2021 at a ~$2.6 billion valuation. The stock has traded in the $6-11 range since going public. Hillman remains a stable, profitable business serving the hardware and home improvement supply chain. It was misclassified as bankrupt.
Timeline
2020-10-05
S-1 Registration Filed