Item 1.01. Entry into a Material Definitive Agreement.
On March 28, 2023, Landcadia Holdings IV, Inc. (the "Company" or "we") amended
and restated the previously issued unsecured amended and restated convertible
promissory notes (the "Convertible Promissory Notes") to each of TJF, LLC
("TJF") and Jefferies US Holdings LLC ("JUSH" and, together with TJF, the
"Sponsors"), to (i) increase the principal under each note from $1,000,000 to
$1,250,000, resulting in an aggregate principal amount of $2,500,000 under the
Convertible Promissory Notes, as amended, and (ii) extend the Maturity Date (as
defined below) thereunder from March 29, 2023 to September 29, 2023. The Company
may borrow under the Convertible Promissory Notes for ongoing expenses
reasonably related to the business of the Company and the consummation of the
Business Combination, as defined below. All unpaid principal under the
Convertible Promissory Notes will be due and payable in full on the earlier of
(i) September 29, 2023 and (ii) the effective date of a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or similar business
combination, involving the Company and one or more businesses (the "Business
Combination") (such earlier date, the "Maturity Date"). The Sponsors will have
the option, at any time on or prior to the Maturity Date, to convert up to
$1,500,000 outstanding under the Convertible Promissory Notes into warrants to
purchase shares of the Company's Class A common stock, par value $0.0001 per
share ("Class A common stock"), at a conversion price of $1.50 per warrant, with
each warrant entitling the holder to purchase one share of Class A common stock
at a price of $11.50 per share, subject to the same adjustments applicable to
the private placement warrants sold concurrently with the Company's initial
public offering.
The foregoing descriptions of the amended and restated Convertible Promissory
Notes do not purport to be complete and are qualified in their entirety by the
provisions of the amended and restated Convertible Promissory Notes, which are
attached hereto as Exhibit 10.1 and Exhibit 10.2 and are incorporated by
reference herein.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The disclosure set forth above in Item 1.01 of this Current Report on Form 8-K
is incorporated by reference herein.
Item 3.02 Unregistered Sales of Equity Securities.
The disclosure set forth above in Item 1.01 of this Current Report on Form 8-K
is incorporated by reference herein.
The issuance of the amended and restated Convertible Promissory Notes were made
pursuant to the exemption from registration contained in Section 4(a)(2) of the
Securities Act of 1933, as amended.
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LANDCADIA HOLDINGS IV, INC. 
