A longtime real estate investor and former Goldman Sachs executive decided to take an electric truck company public. David T. Hamamoto - Biography - MarketScreener.com Verition Fund Management LLCs holdings in DiamondHead were worth $1,456,000 as of its most recent filing with the Securities and Exchange Commission. PDF United Homes Group ("UHG") 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. By contrast, SPAC mergers give companies that would find it challenging to go public on their own an easier path to the public markets. Mr. Hamamoto remains at Lordstown, but has floated a new shell company, in which BlackRock is again an investor. 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. 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. David Hamamoto - Chairman & Chief Executive Officer - Crunchbase 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. . 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. In early August, news of the merger of DiamondPeak and Lordstown drove shares of the SPAC up 20 percent. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. Renaissance Capital->. . 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. Jan 26, 2021 08:23AM EST. Then, around nine months before his deadline, bankers from Goldman gave Mr. Hamamoto an enticing pitch: Lordstown Motors, the fledgling electric truck maker that President Donald J. Trump had hailed as a savior of jobs. David T. Hamamoto. 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. 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 . Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. Diamond Head Rd. Employer Identification No.) Hamamoto David T Stock Data, Filings, Earnings, News & Transcripts David T. Hamamoto. Looking for David Hamamoto online? 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. 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 . 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 . Get your FREE TRIAL now. But why? 4. 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. 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. NRE (NorthStar Realty Europe) Dividend Payout Ratio Description. The consulting firm said the technology was viable, and the deal came together in weeks. Type a symbol or company name. You can see DiamondHead Holdings' historic earnings and revenue below, but keep in mind there's always more to the story. 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. Track SPACs on IPO Pro. Small investors, who have become active players in the stock market in recent years, were among those driving up the price. 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. At the same time, small investors have become a potent force in the markets, driving up the stock prices of companies like GameStop and lapping up shares of SPACs, which are highly speculative and can pose financial risks. Should You Take a Cruise in Royal Caribbean Stock? Learn about DiamondHead Holdings Corp. (DHHC.U) stock's management team. HAMAMOTO DAVID T Director: 12,328: $0: 4,241,463 (Direct) View: 2021-01-25 Ownership: 2021-01-25 8:52 pm: N/A N/A: DiamondHead Holdings Corp. DHHC: HAMAMOTO DAVID T DHP SPAC-II Sponsor LLC CEO Chairman: 0: $0: 8,625,000 (Indirect) View: 2020-10-22 Exercise: 2020-10-26 8:33 pm: N/A N/A: Lordstown Motors Corp. RIDE: HAMAMOTO DAVID T Director . Get your FREE TRIAL now. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. document.write(new Date().getFullYear()) United Homes Group. 4. 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.. 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 . 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. 4. 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 shared long-term vision. Insider Sales DHHC / DiamondHead Holdings Corp. Class A - Short . incorporation) 250 Park Ave, 7th Floor. David Hamamoto General Information. David Hamamoto Investor Profile: Portfolio & Exits | PitchBook A special committee of Lordstowns board reviewed the stock sales and said it had found nothing improper. DiamondHead Holdings Corp.(DHHCU) - Moomoo DiamondHead Holdings Corp. is led by Chairman and CEO David T. Hamamoto and CFO and Director Keith Feldman. Goldman Sachs is the sole bookrunner on the deal. Upon closing of the merger, GSH will become a publicly traded company, and DiamondHead (NASDAQ: DHHC) [] Sign in to view structure, cap table, and calendar of events. The most-recent trade in DiamondHead Holdings Corp is the acquisition of 250,000 shares on January 18, 2023, which cost David T Hamamoto around $3 Million. 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. What followed was a swift merger, then a debacle that put two of the biggest forces shaping the financial world on a collision course. EVO TRANSPORTATION & ENERGY SERVICES, INC. Riverdale Country School, Inc. (New York). Great Southern Homes and DiamondHead Holdings To Merge New York, New York 101777. 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. The transaction will also require the consent of GSHs lenders and the approval of DHHC stockholders, and is subject to customary closing conditions. The New York, NY-based company plans to raise $300 million by offering 30 million units at $10. He had raised $250 million from big Wall Street investors including BlackRock, and spent more than a year looking at over 100 potential targets. Chairman & Co -CEO DiamondHeadPartners. Denby Fawcett: Illegal Diamond Head Gates Mysteriously Disappear 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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 company also shared additional information about itself with DiamondPeak. 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. 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. Reviews. 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. United Homes Group - Announcement The company's principal address is 4 Gatehall Dive . As of Aug. 6, Colony was trading at $1.98 per share. Now Lordstown is flailing. From July 1983 to July 1997, Mr. Hamamoto worked for Goldman Sachs, where he was co-head of the Real Estate Principal Investment Area and general partner of it from February 1994 to June 1997. 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. 3. The founder has bought 1.25 million shares above the SPAC merger price and ahead of the completed merger. 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 . 9. David T. Hamamoto - 15 top-paid CEOs - CNNMoney Potential investors, media, and members of the public can find more information in the documents below: 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. On Thursday afternoon following the closure of US equity markets, a form 4 was filed for DiamondHead Holdings which revealed the group's CEO and Chairman David Hamamoto had bought more stock in . Cloudflare is currently unable to resolve your requested domain. 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. The company filed confidentially on November 5, 2020. DiamondHead's CEO/Chairman Buys Another 250K Shares Before Merger With www.sec.gov 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. Founder of Diamond Head Partners LLC New York, New York . now owns 94,279 shares of the companys stock worth $929,000 after buying an additional 60,301 shares during the last quarter. 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. Diamondhead Holdings Corp. (DHHC) - Insider Monkey Goldman Sachs acted as lead manager on the deal. All rights reserved. David Hamamoto in 2007. One investor was Maximillian Lawrence, an artist and a high school teacher in Philadelphia. 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. 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. Hawaiians call it Lahi (brow of the tuna) in reference to the formation's ridgeline, which resembles the tuna fish's dorsal fin. 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. DiamondHead Holdings Ownership - Simply Wall St David Hamamoto: Individual: 250,000: US$10.09: 12 Jan 23: Buy US$10,090,000: David Hamamoto: Individual: 1,000,000: US$10.09: Insider Trading Volume. 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). 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. 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.. Dhhcw Diamondhead Holdings Corp C/Wts 28/01/2028 (To Pur Com) The sponsor of DiamondHead is DHP SPAC-II Sponsor LLC, an entity controlled by David Hamamoto. David T. Hamamoto | Board Member | Lordstown Motors Corp. The clock was ticking for David Hamamoto. Ray ID: 7a2d9d928d2fd229 Anyone can read what you share. 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 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. 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. All rights reserved. In Lordstown, those forces eventually collided, highlighting the uneven playing field between Wall Street and Main Street. 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. DiamondHead Holdings, CEO and Chairman 250 Park Avenue, New York, NY, 212-572-6260 . Through organic growth, GSH has become 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. Hamamoto's second SPAC DiamondHead Holdings files for a $300 - IPOs 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. Important Disclosures Diamondhead Holdings Corp. - Home Sujan Patel | TRD Research - The Real Deal Meet the Heavy Hitters Funding Lordstown Motors 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 Corp. (DHHC) latest news, insider trading and hedge fund ownership data provided by Insider Monkey. 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. General Motors sold the plant to Mr. Burns in November 2019 for $20 million, prompting Mr. Trumps praise for the Lordstown founder. 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.
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