Upon closing of the merger with Great Southern, DiamondHead (NASDAQ: DHHC) will be renamed United Homes Group and trade under the new ticker symbol "UHG." . The transaction is expected to close during the first quarter of 2023. We do know that it's a SPAC formed by the energy-investing group at Silverpeak Capital, a New York-based private equity firm; and David Hamamoto, a serial entrepreneur with a long track record of . Martha Hamamoto currently lives in New York, NY; in the past Martha has also lived in Park City UT and Surfside FL. 74.00% of the stock is currently owned by institutional investors. Chairman & Co -CEO DiamondHeadPartners. Shares of NASDAQ DHHC opened at $10.14 on Wednesday. Type a symbol or company name. The sponsor of DiamondHead is DHP SPAC-II Sponsor LLC, an entity controlled by David Hamamoto. MERGER IMAGE: David Hamamoto & Mike Satterfield DATE: 09/12/2022 COMPANIES: Great Southern Homes, Inc & DiamondHead Holdings Corp VALUATION: $572,000,000 When you visit our website, we, may automatically collect information from you such as your Internet Protocol (IP) address, location, device and connection information such as browser type and version, plug-in types and versions, and operating system. A longtime real estate investor and former Goldman Sachs executive decided to take an electric truck company public. Zelman Partners is acting as exclusive M&A advisor to DiamondHead. Should You Take a Cruise in Royal Caribbean Stock? GSH was the 25thranked starter-home builder and the 41stranked single-family detached home builder in the United States, respectively, based on 2021 home closings according toPro Builders 2022 Housing Giants Report. Receive News & Ratings for DiamondHead Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DiamondHead and related companies with MarketBeat.com's FREE daily email newsletter. David T Hamamoto - Insider Trading Tracker - Fintel So for a company like Lordstown which had no revenue and no truck for sale to succeed, having a management team that could oversee such a complicated endeavor was all the more important. Lordstown Motors, the one-year-old Ohio electric automaker that revealed a pickup truck prototype in June, has reached a deal to merge with special-purpose acquisition company DiamondPeak Holdings . What followed was a swift merger, then a debacle that put two of the biggest forces shaping the financial world on a collision course. David received a B. S. degree from Stanford University and a M. B. DiamondHead Holdings Corp. - United Homes Group, Inc. (UHG) Investor Wolverine Asset Management LLC increased its position in DiamondHead by 146.7% in the third quarter. bulletin board houses for rent montgomery, al; lorex notifications not working; matt fraser psychic net worth; why are canned peaches orange; connor mcdavid house address Its stock price has plunged to $9, from around $31. Hamamoto's previous SPAC, DiamondPeak Holdings, went public in February 2019 and completed its merger with EV pickup truck developer Lordstown Motors(RIDE; +132% from $10 offer price) in October 2020. Our growth plans include both continued organic expansion as well as becoming a merger partner of choice for smaller regional homebuilders located in high growth markets. EVO TRANSPORTATION & ENERGY SERVICES, INC. Riverdale Country School, Inc. (New York). (800) 464-2924. We have Tom O'Grady, at GSH and Future UHG board member and future UHG Chief Administrative Officer; Shelton Twine, GSH and future UHG Chief Operating Officer; and Keith Feldman, Chief Financial Officer of . David Hamamoto. Goldman, which was working with Mr. Hamamoto and arranged $500 million in additional financing for the acquisition, ran only a standard background check on Mr. Burns a public-records search that took more effort than simply looking him up on Google but stopped short of any interviews, a person familiar with the banks activities said. document.write(new Date().getFullYear()) United Homes Group. The company is led by CEO and Chairman David Hamamoto, founder of Diamond Head Partners and former Executive Vice Chairman of Colony Capital. DiamondHead Holdings, the second blank check company led by David Hamamoto targeting businesses with growth potential, filed on Friday with the SEC to raise up to $300 million in an initial public offering. Mr. Hamamoto left the next year, selling stock worth $27 million. In addition, David Hamamoto was a former partner at Goldman, Sachs & Co. and the co-founder of its Real Estate Principal Investment Group and Whitehall funds. The company's CEO David Hamamoto is the largest shareholder with 20% of shares outstanding. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. The following positions have been held: Director; 2021 at Lordstown Motors Corp. Director; Officer; CEO, Chairman 2021 at DiamondHead Holdings Corp.; Director; Officer; Executive Vice Chairman 2017 at Colony NorthStar, Inc.; Insider 2017 at NorthStar Asset Management . The consulting firm said the technology was viable, and the deal came together in weeks. OTA Financial Group L.P. purchased a new stake in DiamondHead in the third quarter worth $235,000. Marcum LLP serves as auditor. Significant Real Estate & Public Markets Experience . The latest filing, Hamamoto disclosed the purchase of 250,000 DHHCU shares at an average price of $10.087 each per share. Know which insiders are buying and selling along with top shareholders and ownership breakdown. He resigned as chief executive in June. David Hamamoto Investor Profile: Portfolio & Exits | PitchBook 9. David T. Hamamoto - 15 top-paid CEOs - CNNMoney Cloudflare is currently unable to resolve your requested domain. The stock has a fifty day moving average of $10.09 and a 200-day moving average of $9.98. Upon closing of the merger with Great Southern, DiamondHead (NASDAQ: DHHC) will be renamed United Homes Group and trade under the new ticker symbol UHG., Michael Nieri, Founder and CEO of Great Southern Homes, said For over 20 years I have worked to build GSH into the leading Southeast homebuilder it is today. Exhibit 10.14 - sec.gov Form S-4/A (registration of securities, business combinations) filed with the SEC 2023 Renaissance Capital LLC. David Hamamoto, Chairman and co-CEO of DiamondHead Holdings Corp., commented: "We are thrilled to partner with Michael Nieri and the GSH team and look forward to executing on our shared long-term vision.We are impressed with the scale and operational performance of GSH, and we are excited to work with the GSH team in continuing their growth as a public homebuilder. A special committee of Lordstowns board reviewed the stock sales and said it had found nothing improper. DiamondHead Holdings Corp. 13 Jan 23. It happens all the time, everywhere, he said. The site owner may have set restrictions that prevent you from accessing the site. His special purpose acquisition company, DiamondPeak Holdings, merged with Lordstown Motors. David T. Hamamoto - Biography - MarketScreener.com Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Acquired by BlackRock Inc. BlackRock Inc. Lowers Position in APA Co. (NASDAQ:APA), Piper Sandler Boosts Duolingo (NYSE:DUOL) Price Target to $127.00, BlackRock Inc. Cuts Holdings in NortonLifeLock Inc. (NASDAQ:NLOK), Altair Engineering Inc. (NASDAQ:ALTR) Insider Sells $161,325.00 in Stock, Caisse DE Depot ET Placement DU Quebec Has $2.15 Million Position in Franklin Resources, Inc. (NYSE:BEN), Capital Fund Management S.A. Makes New Investment in CVR Energy, Inc. (NYSE:CVI), 12,000 Shares in Stratasys Ltd. (NASDAQ:SSYS) Purchased by Gabelli Funds LLC. At the proposed deal size, DiamondHead Holdings would command a market value of $375 million. I am excited for the next chapter for GSH, where, through the combination of my operational expertise with David Hamamoto s public company and capital markets experience, we plan to grow UHG into a leading national homebuilder.. Diamond Head State Monument - Hawaii State Parks In February, Lordstowns president and its former finance chief were among those who sold about $8 million in stock. Description. Verition Fund Management LLC Acquires 37,626 Shares of DiamondHead The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. 4. Landscape Capital Management L.L.C. We are impressed with the scale and operational performance of GSH, and we are excited to work with the GSH team in continuing their growth as a public homebuilder. He and Mr. Burns, who owns 26 percent of Lordstown, are bound by the merger agreement to hold on to their shares until October. Sign in for more on DiamondHead Holdings Corp.: Structure and cap table; 6 directors & officers; 19 filings and events; 1 underwriters; 2 deal advisors; . Verition Fund Management LLCs holdings in DiamondHead were worth $1,456,000 as of its most recent filing with the Securities and Exchange Commission. The cookie may also be used to present advertising tailored to your web usage. Russia's war on Ukraine latest: Putin casts war as battle for nation's survival, India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. now owns 94,279 shares of the companys stock worth $929,000 after buying an additional 60,301 shares during the last quarter. Insider Sales DHHC / DiamondHead Holdings Corp. Class A - Short . Lordstown went public in October via a merger with Mr. Hamamotos special purpose acquisition company, DiamondPeak Holdings. Provide free DIAMONDHEAD HOLDINGS CORP C/WTS 28/01/2028 (TO PUR COM)(DHHCW) major events announcements, including the company's latest resolutions of the general meeting of shareholders, notices of board meeting, important performance progress and other announcements. David W Hamamoto, David Amatoto, David H Hamamoto, David Marty Hamamoto and David T Hamamoto are some of the alias or nicknames that David has used. The British soldiers who visited the area in the . With 7.9% and 5.6% of the shares outstanding respectively, BlackRock, Inc. and Adage Capital Management, L.P. are the . While the company has not selected a target industry or geography, DiamondHead Holdings plans to focus on businesses withcompelling growth potential and competitive market position, strong management teams, among other characteristics. It is illegal for insiders to make trades in their companies based on specific, non-public information. Dhhcw Diamondhead Holdings Corp C/Wts 28/01/2028 (To Pur Com) But Mr. Hamamoto didnt focus much on assessing the work experience of Lordstowns management team, including Mr. Burns, who would continue to run the company after the SPAC merger, two people familiar with the matter said.
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