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. There can be no assurances that the minimum cash condition, which may be waived by GSH, will be satisfied. A longtime real estate investor and former Goldman Sachs executive decided to take an electric truck company public. What followed was a swift merger, then a debacle that put two of the biggest forces shaping the financial world on a collision course. DiamondHead's CEO/Chairman Buys Another 250K Shares Before Merger With Employer Identification No.) NRE (NorthStar Realty Europe) Dividend Payout Ratio Diamond Head Rd. 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. DiamondHead Holdings Corp. is led by Chairman and CEO David T. Hamamoto and CFO and Director Keith Feldman. He is joined by CFO and Director Keith Feldman, formerCFO of NorthStar Realty Europe (NYSE: NRE) and Managing Director of Colony Capital. Here's What DiamondHead Holdings Corp.'s (NASDAQ:DHHC) Shareholder David Hamamoto. Great Southern Homes and DiamondHead Holdings To Merge Between October, when the company started trading on Nasdaq under the symbol RIDE, and March, the stock continued to climb. 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 principal address is 4 Gatehall Dive . Insider . Verition Fund Management LLC Acquires 37,626 Shares of DiamondHead Know which insiders are buying and selling along with top shareholders and ownership breakdown. Traded: Venture Capital on LinkedIn: Traded: Venture Capital on General Motors sold the plant to Mr. Burns in November 2019 for $20 million, prompting Mr. Trumps praise for the Lordstown founder. I (PLMI) to Combine with Sakuu in $705M Deal. Written by Latest SPAC Liquidations: VPC Impact Acquisition Holdings II VPC Impact Acquisition Holdings II(VPCB) to Liquidate on March 9 VPC Impact Acquisition Holdings II (NASDAQ: VPCB) today announced that it will redeem all of its outstanding Class A ordinary shares on March 21. This cookie is a text file stored on your computer that is used for analytic web usage information. DiamondHead Holdings Corp. announced the pricing of its $300 million IPO this morning and its units are expected to begin trading on the Nasdaq under the symbol DHHCU today, January 26. The fund owned 147,501 shares of the company's stock after buying an additional 37,626 shares during the quarter. 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 Upon closing of the merger, GSH will become a publicly traded company, and DiamondHead (NASDAQ: DHHC) [] One investor was Maximillian Lawrence, an artist and a high school teacher in Philadelphia. A lawyer declined to comment on his behalf, citing the suit. Nelson Mullins Riley & Scarborough LLP is acting as counsel to GSH. David T. Hamamoto - Biography - MarketScreener.com The company was incorporated in 2020 and is based in New York, New York. 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. DiamondHead Holdings Corp. 19 Jan 23. 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. Diamondhead Holdings Corp. - Home Founder of Northstar Asset Management Group, Inc., NorthStar Realty Europe Corp., NorthStar Capital Investment Corp. and Diamond Head Partners LLC, David T. Hamamoto is an entrepreneur and businessperson who has been at the helm of 15 different companies and presently is Chairman for Northstar Europe SA, Chairman at Ns Real . Get your FREE TRIAL now. The transaction includes an earn-out provision pursuant to which GSH stockholders are entitled to receive up to an aggregate maximum of 20 million additional shares, over a five year period, as and when the share price of the combined company reaches certain thresholds. You do not have access to www.builderonline.com. Significant Real Estate & Public Markets Experience . Total SPAC deal count for 2021 year-to-date is now 74 with $20.98 billion in gross proceeds raised. The site owner may have set restrictions that prevent you from accessing the site. Mr. Lawrence, 46, said he believed Lordstown would succeed largely because of the implicit backing of G.M. (800) 464-2924. David Hamamoto in 2007. Important Disclosures incorporation) 250 Park Ave, 7th Floor. Cookies collect anonymous information, but not personally identifiable information. Mr. 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. A special committee of Lordstowns board reviewed the stock sales and said it had found nothing improper. This offering is expected to close on Thursday, January 28. (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. David Hamamoto lives in New York, NY; previous cities include Honolulu HI and Park City UT. DiamondHead Holdings Corp. - DHHC / DiamondHead Holdings Corp. Class A / HAMAMOTO DAVID T - SC 13D Activist Investment - SC 13D - February 06, 2023 . DiamondHead's CEO/Chairman Buys Another 250K Shares Before Merger With DiamondHead Holdings Corp. is led by Chairman and CEO David T. Hamamoto and CFO and Director Keith Feldman. New York, New York 101777. Find Instagram, Twitter, Facebook and TikTok profiles, images and more on IDCrawl - free people search website. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Lordstown Motors Corp. 26 Oct 20. In addition, approximately 2.1 million shares owned by the Sponsor currently will be subject to the earn-out. Ladies and Gentlemen: On behalf of our client, DiamondHead Holdings Corp. (the "Company"), this letter responds to a comment from the staff (the "Staff") of the Division of Corporation Finance of the U.S. Securities and Exchange Commission (the "Commission") in a telephone conversation on December 2, 2022 concerning the above-referenced Preliminary Proxy Statement on Schedule 14A, filed with . Bank of Montreal Can now owns 654,322 shares of the companys stock worth $6,465,000 after buying an additional 84,434 shares during the last quarter. 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 . 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 . 4. 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. Reviews. The transaction will also require the consent of GSHs lenders and the approval of DHHC stockholders, and is subject to customary closing conditions. 10 Feb 21. Great Southern Homes Enters Merger Agreement with DiamondHead Holdings DiamondHead Holdings plans to list on the Nasdaq under the symbol DHHCU. David T. Hamamoto Mr. Hamamoto has served as Chairman and Chief Executive Officer of DiamondPeak from inception and is the Founder of Diamond Head Partners, LLC which he established in 2017. Diamondhead Holdings Corp. (DHHC) - Insider Monkey Cloudflare is currently unable to resolve your requested domain. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. Renaissance Capital LLC is an SEC-registered investment adviser. Description. 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 is illegal for insiders to make trades in their companies based on specific, non-public information. . DHP MARANA, LLC in Phoenix, AZ | Company Info & Reviews Previously, David was a Chairman at SPAXEL and also held positions at Colony Capital, Nsam, Goldman Sachs. 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. The Company currently has a presence in South Carolina and Georgia and focuses on providing high-quality, affordable homes for the entry-level and first move-up segments. Ray ID: 7a2d9d928d2fd229 Goldman Sachs acted as lead manager on the deal. By the time Goldman took Lordstown to him, Mr. Hamamotos team had lost out on several other opportunities, a person familiar with the matter said. 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. The New York, NY-based company plans to raise $300 million by offering 30 million units at $10. David Hamamoto - Founder - Diamondheadpartners | LinkedIn (Photo Credit: Jamison Logan / Shutterstock.com) 5. The company is led by CEO and Chairman David Hamamoto, founder of Diamond Head Partners and former Executive Vice Chairman of Colony Capital. Founder of Northstar Asset Management Group, Inc., NorthStar Realty Europe Corp., NorthStar Capital Investment Corp. and Diamond Head Partners LLC, David T. Hamamoto is an entrepreneur and businessperson who has been at the helm of 15 different companies and currently occupies the position of Chairman of Northstar Europe SA . Regulators are investigating whether its founder, Steve Burns, who resigned as chief executive in June, overstated claims about truck orders. The company also shared additional information about itself with DiamondPeak. Assuming no redemptions from DHHC shareholders, the transaction will deliver approximately $320 million in cash proceeds, net of estimated transaction costs, to the combined company including a $25 million commitment to purchase and not redeem DHHC public shares from the DHHC sponsor group, including David Hamamoto and Antara Capital. Comprehensive performance, salary and tenure analysis for the CEO, board and leadership team. David Hamamoto's Instagram, Twitter & Facebook on IDCrawl 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. Will Q4 Results Send Zoom Video Stock Higher? In late September, Mr. Burns showed off a prototype of the Endurance truck at the White House an unveiling attended by Mr. Trump. Copy and paste multiple symbols separated by spaces. Verition Fund Management LLC's holdings in DiamondHead were worth $1,456,000 as of []
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