Sullivan & Cromwell LLP is acting as counsel to DHHC. He also serves as Advior at Life House. T David Hamamoto, Co-Ceo, Chairman, 2023-01-19; 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. PDF United Homes Group ("UHG") In addition to a bit of money, you should bring your own water bottles (there are fountains at the beginning of the trail, but none as you ascend), a hat and sunscreen, and good walking shoes. Should You Take a Cruise in Royal Caribbean Stock? In early August, news of the merger of DiamondPeak and Lordstown drove shares of the SPAC up 20 percent. which had by then invested $75 million in Lordstown and viewed it as a long-term holding in his portfolio. A special committee of Lordstowns board reviewed the stock sales and said it had found nothing improper. Honolulu, HI 96815. . DiamondHead Holdings Corp. - DHHC / DiamondHead Holdings Corp. Class A 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. He is also a Director of Lordstown Motors Corp. (NYSE:RIDE) and previously served as the Chairman and Chief Executive Officer of DiamondPeak Holdings Corp. The company's CEO David Hamamoto is the largest shareholder with 20% of shares outstanding. Mr. Karacic, who hasnt broken even, said he harbored no ill will toward the early investors. David and Martha Hamamoto own a house at 3125 Diamond Head Road. 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. You can see DiamondHead Holdings' historic earnings and revenue below, but keep in mind there's always more to the story. Renaissance Capital LLC is an SEC-registered investment adviser. 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. EVO TRANSPORTATION & ENERGY SERVICES, INC. Riverdale Country School, Inc. (New York). DiamondHead Holdings plans to list on the Nasdaq under the symbol DHHCU. Diamond Head State Monument - Hawaii State Parks This offering is expected to close on Thursday, January 28. The fund owned 147,501 shares of the company's stock after buying an additional 37,626 shares during the quarter. BTIG, LLC is acting as exclusive sell-side advisor to GSH. 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 . The 15 highest-paid corporate chiefs in America took home a whopping $1.1 billion last year -- about $70 million apiece on average. With 7.9% and 5.6% of the shares outstanding respectively, BlackRock, Inc. and Adage Capital Management, L.P. are the . Millennium Management, a hedge fund firm, and Fidelity, a mutual fund company, also reduced their stakes, filings show. GSH is currently one of the largest homebuilders in the Southeast. Hamamoto's second SPAC DiamondHead Holdings files for a $300 - IPOs 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 . David Hamamoto lives in New York, NY; previous cities include Honolulu HI and Park City UT. Great Southern Homes, Inc., a Leading Private Homebuilder in the Goldman Sachs acted as lead manager on the deal. 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 Hamamoto in 2007. Sullivan & Cromwell LLP is serving as Issuers Counsel with Ropes & Gray LLPserving as Underwriters Counsel. DiamondHead Holdings Corp. ("DiamondHead") (NASDAQ: DHHC) is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. Thats exactly when BlackRock and other early Wall Street investors as well as top company executives, who all got their shares cheaply before the merger began to sell some of their holdings. Steve Burns, the founder of Lordstown Motors, at its plant in Ohio last year. Hamamoto David T insider ownership history Insider history. DiamondHead Holdings Corp. (DHHC.U) Leadership & Management Team The heat is on Mr. Hamamoto. 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." . Track SPACs on IPO Pro. David Hamamoto General Information. Press Release On Monday September 12th, 2022, it was publicly announced that Great Southern Homes (GSH), one of the largest homebuilders in the Southeast, entered into a definitive merger agreement with DiamondHead Holdings Corp., a special purpose acquisition company. This offering is expected to close on Thursday, January 28. This cookie is a text file stored on your computer that is used for analytic web usage information. 7 Things You Need To Know Before Visiting Diamond Head, Hawaii 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. 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. David Hamamoto, Chairman, 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 . Previously, David was a Chairman at SPAXEL and also held positions at Colony Capital, Nsam, Goldman Sachs. In 2017, NorthStar merged with Colony Capital, a firm run by Mr. Trumps longtime ally Thomas J. Barrack Jr., to create a company with $58 billion in assets. A number of other hedge funds have also bought and sold shares of the business. Two people briefed on the matter said Mr. Burns was already considering a new venture. Previously, he served as Executive Vice Chairman of Colony NorthStar (now Colony Capital, Inc. (NYSE:CLNY)), a real estate and investment management firm . At Workhorse, he often touted the viability of a personal hybrid-electric helicopter called Surefly a vehicle that had never proved commercially viable. It happens all the time, everywhere, he said. 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. All rights reserved. SEC Info - DiamondHead Holdings Corp. - 'PRE 14A' for 11/18/22 You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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. Diamond Head is a volcanic cone on the Hawaiian island of Oahu and is the most popular Hawaii State Park. SC 13G. . A native of Hawaii, Mr. Hamamoto began his career at Goldman Sachs, where he helped run the banks real estate investment companies, known as the Whitehall Street funds. David received a B. S. degree from Stanford University and a M. B. We may also collect analytic tracking information about your visits to our website. Mr. Hamamoto, along with members of his team and Goldman bankers, made at least two visits to the Lordstown factory in Lordstown, Ohio, to meet with Mr. Burns in June last year, according to regulatory documents. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. (800) 464-2924. 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. Even Tesla, the industrys breakout star, didnt deliver its first car until 2008 five years after it was founded. The Registered Agent on file for this company is CT Corporation System and is located at 3800 North Central Avenue, Suite 460, Phoenix, AZ 85012. 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. Looking for David Hamamoto online? David T Hamamoto is Lead Director at Lordstown Motors Corp. See David T Hamamoto's compensation, career history, education, & memberships. SPAC DiamondHead Holdings prices $300 million IPO; David Hamamoto follows up RIDE deal, Renaissance International ETF (symbol: IPOS), Do Not Sell My Personal Information (CA Residents Only). Insiders are officers, directors, or significant investors in a company. Great Southern Homes to Go Public Through Merger With DiamondHead DHP MARANA, LLC is an Arizona Foreign LLC filed on July 6, 2020. The sponsor of DiamondHead is DHP SPAC-II Sponsor LLC, an entity controlled by David Hamamoto. Will Q4 Results Send Zoom Video Stock Higher? He resigned as chief executive in June. 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. David T Hamamoto - Insider Trading Tracker - Fintel Dhhcw Diamondhead Holdings Corp C/Wts 28/01/2028 (To Pur Com) Know which insiders are buying and selling along with top shareholders and ownership breakdown. By contrast, SPAC mergers give companies that would find it challenging to go public on their own an easier path to the public markets. The Board of Directors of GSH and DHHC have approved the transaction. Lordstown also operated in an industry with one of the lowest rates of success; few start-ups have succeeded at mass producing electric vehicles. Regulators are investigating whether its founder, Steve Burns, who resigned as chief executive in June, overstated claims about truck orders. NorthStar Realty Finance | TRD Research - The Real Deal Behind the Lordstown Debacle, the Hand of a Wall Street Dealmaker 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 . Relatives & Associates. Create your Watchlist to save your favorite quotes on Nasdaq.com. The following month, SEC filings showed Hamamoto sold off large chunks of his shares at prices as high as $12 per unit, making $27 million. Ray ID: 7a2d9d928d2fd229 David Hamamoto is the CEO and Chairman of SPAC firm Diamondhead Holdings and. DiamondHead Holdings Corp. (via Public) / Management Change 4. 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. The firms declined to comment on their holdings. wouldnt partner up with some schmucks.. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Chaos ensued. 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. There can be no assurances that the minimum cash condition, which may be waived by GSH, will be satisfied. Total SPAC deal count for 2021 year-to-date is now 74 with $20.98 billion in gross proceeds raised. David Hamamoto was the founder and Chairman of the previously publicly-traded NorthStar real estate related companies: NorthStar Realty Finance Corp., NorthStar Asset Management Group, Inc. and NorthStar Realty Europe Corp. David Hamamoto in 2007. David T. Hamamoto | Board Member | Lordstown Motors Corp. I figured G.M. SEC Info - Hamamoto David T - 'SC 13D' on 2/6/23 re: DiamondHead Uncover the latest insider trading activity for DiamondHead Holdings Corp. (DHHC). Tudor Investment Corp Et Al Increases Holdings in Artivion, Inc. BlackRock Inc. document.write(new Date().getFullYear()) United Homes Group. OTA Financial Group L.P. purchased a new stake in DiamondHead in the third quarter worth $235,000. Great Southern Homes Enters Merger Agreement with DiamondHead Holdings Between October, when the company started trading on Nasdaq under the symbol RIDE, and March, the stock continued to climb. David Hamamoto - DiamondHead Holdings | ZoomInfo 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 . DHHCU. Goldman Sachs acted as lead manager on the deal. DiamondHead Holdings Corp. ("DiamondHead") (NASDAQ: DHHC) is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. 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. This page provides a comprehensive analysis of the known insider trading history of David T Hamamoto. . The company also shared additional information about itself with DiamondPeak. 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). 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. We have David Hamamoto, who is the Chairman and Co-CEO of DiamondHead Holdings, our SPAC partner, and will also be a UHG board member. The company is led by CEO and Chairman David Hamamoto, founder of Diamond Head Partners and former Executive Vice Chairman of Colony Capital. His special purpose acquisition company, DiamondPeak Holdings, merged with Lordstown Motors. . 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. 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.