In an I.P.O., a company is held to strict reporting standards about its finances and prospects. We believe there continues to be a massive undersupply of single family homes in the U.S., especially in starter and first move up products which will result in significant demand for the foreseeable future. Significant Real Estate & Public Markets Experience . Mr. Hamamoto left the next year, selling stock worth $27 million. 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. Your IP: 149.202.91.162, Requested URL: www.builderonline.com/building/great-southern-homes-to-go-public-through-merger-with-diamondhead-holdings_o, User-Agent: Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/103.0.0.0 Safari/537.36. Name Age Title; David T. Hamamoto 61: Chairman and Co-CEO: Keith Feldman 44: CFO: Judith A. Hannaway 67: Director: Jan 26, 2021 08:23AM EST. Get your FREE TRIAL now. Renaissance Capital LLC is an SEC-registered investment adviser. In addition, as Michael mentioned, we believe there are extremely compelling opportunities to generate accretive growth through M&A as well as a programmatic build-to-rent platform., Himanshu Gulati, Founder and CIO of Antara Capital, says, We are excited to partner with Michael and David on this opportunity. DiamondHead Holdings Corp. does not have significant operations. Copy and paste multiple symbols separated by spaces. According to the SEC Form 4 filings, David T Hamamoto has made a total of 0 transactions in NorthStar Realty Finance Corp (NRF) over the past 5 years. This information is used to improve our services. The company's principal address is 4 Gatehall Dive . David Hamamoto is 62 years old and was born on 10/26/1959. David has 1 job listed on their profile. In early 2019, he launched his SPAC, DiamondPeak, with the intention of merging with a real estate business. DiamondHead Holdings Corp.(DHHCU) While the company has not selected a target industry or geography, DiamondHead Holdings plans to focus on businesses with compelling growth potential and competitive market position, strong management teams, among other characteristics. Renaissance Capital->. With 7.9% and 5.6% of the shares outstanding respectively, BlackRock, Inc. and Adage Capital Management, L.P. are the . Purchases New Holdings in Ball Co. (NYSE:BALL), Blueshift Asset Management LLC Sells 21,016 Shares of Dell Technologies Inc. (NYSE:DELL), Cary Street Partners Investment Advisory LLC Has $126,000 Stock Holdings in Yum China Holdings, Inc. (NYSE:YUMC). Total SPAC deal count for 2021 year-to-date is now 74 with $20.98 billion in gross proceeds raised. All rights reserved. In November, Mr. Burns said there were 50,000 serious orders, and in January the number shot up to 100,000. The New York, NY-based company plans to raise $300 million by offering 30 million units at $10. Employer Identification No.) OTA Financial Group L.P. purchased a new stake in DiamondHead in the third quarter worth $235,000. Get your FREE TRIAL now. DiamondHead is a special purpose acquisition company led by Co-CEO and Chairman David Hamamoto, who has over 40 years of experience in real estate investing, as well as operating both private and publicly held real estate businesses. In addition, approximately 2.1 million shares owned by the Sponsor currently will be subject to the earn-out. Description. The founder has bought 1.25 million shares above the SPAC merger price and ahead of the completed merger. 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. On Thursday afternoon following the closure of US equity markets, a form 4 was filed for DiamondHead Holdings (NASDAQ:DHHC) which revealed the groups CEO and Chairman David Hamamoto had bought more stock in the blank check company ahead of its planned merger with Great Southern Homes. David Hamamoto. You've requested a page on a website (cloudflarepreview.com) that is on the Cloudflare network. Diamond Head Rd. The transaction values the combined company at a pro forma enterprise value of approximately $572 million, as of December 31, 2022. Mr. Hamamoto, whose investment group once owned a fifth of the SPAC, got some of those shares at a steep discount meaning that they lose little even if the stock collapses. Many look for medium term catalysts that will drive the share price higher. The transaction also provides that additional Sponsor shares will become subject to the earn-out to the extent there is not $100 million of common stock at closing (including shares of common stock not redeemed, newly issued common stock and common stock subject to any convertible securities issued by DHHC prior to the closing). In March, Djordje Karacic, a 23-year-old information technology worker in Koper, Slovenia, bought the stock after learning that it had licensed technology from Elaphe Propulsion Technologies, a Slovenian firm. DiamondHead is a special purpose acquisition company led by Co-CEO and Chairman David Hamamoto, who has over 40 years of experience in real estate investing, as well as operating both private and . Goldman Sachs & Co. LLC is serving as book-running manager for the offering. The combined company is expected to be listed under the symbol SAKU once DiamondHead Holdings Corp. (DHHCU) Prices $300M IPO, Altimar III (ATAQ) Adjourns Extension Vote Again, The Latest Non-Redemption Agreements: March 3, 2023, The Latest SPAC News and Rumors: March 3, 2023, Plum Acquisition Corp. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. DIAMONDHEAD HOLDINGS CORP. (Exact name of registrant as specified in its charter) Delaware: 001-39936: 85-3460766 (State or other jurisdiction of (Commission File Number) (I.R.S. Zelman Partners is acting as exclusive M&A advisor to DiamondHead. DiamondHead Holdings Corp. (Name of Issuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securities) 25278L105 (CUSIP Number) David T. Hamamoto. . 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. Form S-4/A (registration of securities, business combinations) filed with the SEC I am excited for the next chapter for GSH, where through the combination of my operational expertise with David Hamamotos public company and capital markets experience, we plan to grow UHG into a national homebuilder. Lordstown Motors Corp. 23 May 22. Finally, Bank of Montreal Can increased its position in DiamondHead by 14.8% in the third quarter. Learn about DiamondHead Holdings Corp. (DHHC.U) stock's management team. Landscape Capital Management L.L.C. Track SPACs on IPO Pro. At Workhorse, he often touted the viability of a personal hybrid-electric helicopter called Surefly a vehicle that had never proved commercially viable. BlackRock, which originally owned a little more than 2 percent of the combined company, reported owning about 1 percent in March. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. Important Disclosures Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. And Lordstown has yet to begin producing its first truck. Create your Watchlist to save your favorite quotes on Nasdaq.com. Wed be lying to ourselves if we thought this was a fair market., Behind the Lordstown Debacle, the Hand of a Wall Street Dealmaker, https://www.nytimes.com/2021/07/13/business/lordstown-motors-dealmaker.html. For purposes of the minimum cash condition, cash includes cash in the DiamondHead trust account after giving effect to redemptions (including the $25 million commitment to purchase and not redeem DHHC public shares from the DHHC sponsor group, including David Hamamoto and Antara Capital) and any other permitted financings obtained in connection with the completion of the transaction. The company expects that the last day of trading of its units, Class Altimar Acquisition Corp. III (NYSE:ATAQ)announced in an 8-K this afternoon that it has again adjourned its extension vote and will reconvene onMarch 6 at 4:00 p.m. A total of 15,801,410 ordinary shares, representing approximately 81.42% of Altimars outstanding shares, participated in the meeting, so turnout was not an issue, but it is likely that redemption Latest Non-Redemption Agreements: Northern Star Investment Corp. III, Northern Star Investment Corp. IV, M3-Brigade II Northern Star Investment Corp. III (NSTC)Enters Non-Redemption Agreement Northern Star Investment Corp. III(NYSE:NSTC)entered into its fourth non-redemption agreement with several unaffiliated third parties in exchange for them agreeing not to redeem an aggregate of 1,400,000 shares in connection with the Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Additionally, it plans to focus on businesses with enterprise values between $350 million and $2 billion. Purchases New Holdings in Ball Co. Kroger (NYSE:KR) Shares Gap Up on Better-Than-Expected Earnings, AlphaCrest Capital Management LLC Trims Position in Best Buy Co., Inc. (NYSE:BBY), AlphaCrest Capital Management LLC Sells 26,238 Shares of Hormel Foods Co. (NYSE:HRL), Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Eaton Vance Management, Tudor Investment Corp Et Al Increases Holdings in Artivion, Inc. (NYSE:AORT), BlackRock Inc. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. DiamondHead Holdings, the second blank check company led by David Hamamoto targeting businesses with growth potential, raised $300 million by offering 30 million units at $10. Mr. David T. Hamamoto II is Chairman at DiamondHead Holdings Corp since October 7, 2020 and served as its Chief Executive Officer since October 7, 2020 until August 02, 2022. The fund owned 147,501 shares of the company's stock after buying an additional 37,626 shares during the quarter. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. DiamondHead is a special purpose acquisition company led by Co-CEO and Chairman David Hamamoto, who has over 40 years of experience in real estate investing, as well as operating both private and . David T. Hamamoto. 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. DiamondHead Holdings Corp. 13 Jan 23. His special purpose acquisition company, DiamondPeak Holdings, merged with Lordstown Motors.CreditPatrick McMullan. We may also collect analytic tracking information about your visits to our website. Even Tesla, the industrys breakout star, didnt deliver its first car until 2008 five years after it was founded. (3) Pro -forma shares outstanding does not include the impact from the existing public or private warrants, the sponsor earnout shares, the UHG earnout shares, or the UHG equity incentive plan. MarketBeat.com's FREE daily email newsletter, Kroger Shares Gap Up on Better-Than-Expected Earnings. David's ethnicity is Asian American, whose . Mr. David Hamamoto serves as Chairman and Chief Executive Officer of Diamond Head Partners, LLC which he established in 2017. Lordstown Motors Corp. 26 Oct 20. Cookies collect anonymous information, but not personally identifiable information. Millennium Management, a hedge fund firm, and Fidelity, a mutual fund company, also reduced their stakes, filings show. But the venture started to tank shortly after the deal closed. One investor was Maximillian Lawrence, an artist and a high school teacher in Philadelphia. By contrast, SPAC mergers give companies that would find it challenging to go public on their own an easier path to the public markets. DiamondHead Holdings Corp. is led by Chairman and CEO David T. Hamamoto and CFO and Director Keith Feldman. David Hamamoto is the CEO and Chairman of SPAC firm Diamondhead Holdings and. The British soldiers who visited the area in the . Founder of Diamond Head Partners LLC New York, New York . He began selling his stock after the companys bullish predictions didnt come to fruition and walked away with about $4,000 in profits. Type a symbol or company name. Give Hamamoto props for checking out the technology, but not checking out the jockey of the horse is an astonishing due-diligence failure., A representative for Mr. Hamamoto said, DiamondPeak performed extensive due diligence of Lordstown., Mr. Hamamoto declined to be interviewed. The company is led by CEO and ChairmanDavid Hamamoto, founder ofDiamond Head Partners and formerExecutive Vice Chairman of Colony Capital. . Mizuho Markets Americas LLC purchased a new stake in DiamondHead in the third quarter worth $10,704,000. diamondhead holdings corp c/wts 28/01/2028 (to pur com)(dhhcw) Small investors, who have become active players in the stock market in recent years, were among those driving up the price. Wolverine Asset Management LLC increased its position in DiamondHead by 146.7% in the third quarter. David T. Hamamoto. Great Southern Homes, one of the largest homebuilders in the Southeast, has entered into a definitive merger agreement with Diamondhead Holdings, Corp., a special purpose acquisition company with $345 million in trust. GSH is currently one of the largest homebuilders in the Southeast. You do not have access to www.builderonline.com. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DiamondHead Holdings Corp. (NASDAQ:DHHC Get Rating). Date Owner Security . As Docs:Size Issuer Filing Agent 11/18/22 DiamondHead Holdings Corp. PRE 14A 11/18/22 1:1.3M Toppan Merrill/FA Preliminary Proxy Statement Schedule 14A Filing Table of Contents It was June 2020, and Mr. Hamamoto, a former Goldman Sachs executive who invested in real estate, was searching for a business to take public through a merger with his shell company. Uncover the latest insider trading activity for DiamondHead Holdings Corp. (DHHC). It was June 2020, and Mr. Hamamoto, a former Goldman Sachs executive who invested in real estate, was searching for a business to take public through a . BTIG, LLC is acting as exclusive sell-side advisor to GSH. 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. Previously, he served as Executive Vice Chairman of Colony NorthStar (now Colony Capital . The company is led by CEO and Chairman David Hamamoto, founder of Diamond Head Partners and former Executive Vice Chairman of Colony Capital. wouldnt partner up with some schmucks.. DiamondHead Holdings Corp. - DHHC / DiamondHead Holdings Corp. Class A / HAMAMOTO DAVID T - SC 13D Activist Investment - SC 13D - February 06, 2023 . Sign in for more on DiamondHead Holdings Corp.: Structure and cap table; 6 directors & officers; 19 filings and events; 1 underwriters; 2 deal advisors; . COLUMBIA, S.C. & NEW YORK(BUSINESS WIRE)Great Southern Homes, Inc. announced today that it has entered into a definitive merger agreement with DiamondHead Holdings Corp. (NASDAQ: DHHC), a special purpose acquisition company. Erik Gordon, a business professor at the University of Michigan, said Mr. Hamamoto had an obligation to check into all aspects of Lordstown before signing the deal, including Mr. Burnss abilities to run a large public company. In a statement, he said: During our diligence prior to entering into our business combination, it was clear that we have the technology and the assets to develop the first and best full-size all-electric pickup truck. He added that the board, management and the entire team are focused on making Lordstown Motors a success as we transition to the commercial stage of our business.. David T. Hamamoto our Chairman and Chief Executive Officer since inception, is the Founder of Diamond Head Partners, LLC which he established in 2017. Marcum LLP serves as auditor. The Board of Directors of GSH and DHHC have approved the transaction. 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.
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