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. The heat is on Mr. Hamamoto. . 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. We may also collect analytic tracking information about your visits to our website. Additionally, it plans to focus on businesses with enterprise values between $350 million and $2 billion. Lordstown Motors Investors Sue Executives, Directors, Alleging 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. 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. Mr. Hamamoto, 61, has owned or operated splashy hotels, office buildings and nursing homes, eventually teaming up with others to build a real estate investment firm, NorthStar Investment. 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. David's ethnicity is Asian American, whose . Diamond Head State Monument - Hawaii State Parks Date Owner Security . 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. It also names as defendants current Lordstown Motors directors David Hamamoto (also a former DiamondPeak director), Jane Reiss, Keith Feldman, Dale Spencer, Martin Rucidlo, Mickey Kowitz, Angela Boydson and Michael Gates. Find Instagram, Twitter, Facebook and TikTok profiles, images and more on IDCrawl. DiamondHead Holdings Corp. (DHHCU) Prices $300M IPO Plum I (NASDAQ:PLMI) has entered into a definitive agreement to combine with additive manufacturing battery company Sakuu at an enterprise value of $705 million. Anyone can read what you share. DiamondHead is co-sponsored by Antara Capital, which is an event-driven hedge fund founded by Himanshu Gulati in 2018 that invests across a wide variety of financial instruments, including loans, bonds, convertible bonds, stressed/distressed credit and special situation equity investments. He and Mr. Burns, who owns 26 percent of Lordstown, are bound by the merger agreement to hold on to their shares until October. Want to see what other hedge funds are holding DHHC? 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. . SPAC DiamondHead Holdings prices $300 million IPO; David Hamamoto Total SPAC deal count for 2021 year-to-date is now 74 with $20.98 billion in gross proceeds raised. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. What Kind Of Shareholders Hold The Majority In DiamondHead - Yahoo! diamondhead holdings corp c/wts 28/01/2028 (to pur com)(dhhcw) . Written by Hamamoto's previous SPAC,DiamondPeak Holdings, went public in February 2019 and completed its merger withEV pickup truck developer Lordstown Motors (RIDE; +133% from $10 offer price) in October 2020. 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. Owens Corning (NYSE:OC) Shares Sold by Capital Fund Management S.A. Nucor Co. (NYSE:NUE) Shares Sold by Blueshift Asset Management LLC, Stratasys Ltd. (NASDAQ:SSYS) Stock Holdings Lifted by AlphaCrest Capital Management LLC, Blueshift Asset Management LLC Lowers Stock Position in Urban Outfitters, Inc. (NASDAQ:URBN). When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. A Wall Street innovation, SPACs are all the rage, having raised more than $190 billion from investors since the start of 2020, according to SPACInsider. Should You Take a Cruise in Royal Caribbean Stock? S-4/A Form - [Amend] Registration of securities, business combinations A. from Wharton School of Business at the University of Pennsylvania. EVO TRANSPORTATION & ENERGY SERVICES, INC. Riverdale Country School, Inc. (New York). 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. The founder has bought 1.25 million shares above the SPAC merger price and ahead of the completed merger. Shares of NASDAQ DHHC opened at $10.14 on Wednesday. We believe GSH is a best in class operator with significant potential to grow throughout the United States. 4. . The company filed confidentially on November 5, 2020. Verition Fund Management LLC Acquires 37,626 Shares of DiamondHead CEO Purchases DiamondHead Shares. 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. Insiders are officers, directors, or significant investors in a company. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. At the same time, some early Wall Street investors and senior Lordstown executives used the opportunity to sell their stock. DiamondHead Holdings Corp. . The transaction values the combined company at a pro forma enterprise value of approximately $572 million, as of December 31, 2022. New York, New York 101777. 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 . A longtime real estate investor and former Goldman Sachs executive decided to take an electric truck company public. Two people briefed on the matter said Mr. Burns was already considering a new venture. Cloudflare is currently unable to resolve your requested domain. Know which insiders are buying and selling along with top shareholders and ownership breakdown. 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. Exhibit 10.14 - sec.gov 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. 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. Verition Fund Management LLC's holdings in DiamondHead were worth $1,456,000 as of [] Behind the Lordstown Debacle, the Hand of a Wall Street Dealmaker In February, Lordstowns president and its former finance chief were among those who sold about $8 million in stock. Insider Sales DHHC / DiamondHead Holdings Corp. Class A - Short . Learn about DiamondHead Holdings Corp. (DHHC.U) stock's management team. Mr. Burns did not respond to requests for comment. 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. He is joined by CFO and Director Keith Feldman, formerCFO of NorthStar Realty Europe (NYSE: NRE) and Managing Director of Colony Capital. Great Southern Homes, Inc., a Leading Private Homebuilder in the Verition Fund Management LLC Sells 1,335 Shares of TE Connectivity Ltd. (NYSE:TEL), Verition Fund Management LLC Has $1.48 Million Position in Acuity Brands, Inc. (NYSE:AYI), Get a free copy of the StockNews.com research report on DiamondHead (DHHC), Lucira Stock Jumps over 250% on FDA Approval, Beware Chapter 11. He also serves as Advior at Life House. 10177 You've requested a page on a website (cloudflarepreview.com) that is on the Cloudflare network. Team. 250 Park Ave., 7th Floor. Diamond Head is a volcanic cone on the Hawaiian island of Oahu and is the most popular Hawaii State Park. Get your FREE TRIAL now. The company is led by CEO and Chairman David Hamamoto, founder of Diamond Head Partners and former Executive Vice Chairman of Colony Capital. A lawyer declined to comment on his behalf, citing the suit.