Learn about DiamondHead Holdings Corp. (DHHC.U) stock's management team. Diamondhead Holdings Corp. (DHHC) latest news, insider trading and hedge fund ownership data provided by Insider Monkey. In February, Lordstowns president and its former finance chief were among those who sold about $8 million in stock. Martha M Hamamoto, 63 - New York, NY - Has Court or Arrest Records Create your Watchlist to save your favorite quotes on Nasdaq.com. 3. Recent insider trades. incorporation) 250 Park Ave, 7th Floor. With 7.9% and 5.6% of the shares outstanding respectively, BlackRock, Inc. and Adage Capital Management, L.P. are the . www.sec.gov It happens all the time, everywhere, he said. At Workhorse, he often touted the viability of a personal hybrid-electric helicopter called Surefly a vehicle that had never proved commercially viable. The company also shared additional information about itself with DiamondPeak. 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. David Hamamoto. Diamond Head Rd. He was eager to do a deal. We look forward to supporting the companys growth trajectory and future M&A plans.. United Homes Group - Announcement 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 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. The clock was ticking for David Hamamoto. 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. On Thursday afternoon following the closure of US equity markets, a form 4 was filed for DiamondHead Holdings 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.These trades come only one week after the Chairman bought 1 million shares at $1.09 last week on the 12th of January. 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. Hawaiians call it Lahi (brow of the tuna) in reference to the formation's ridgeline, which resembles the tuna fish's dorsal fin. The Company builds homes in South Carolina and Georgia, focusing on the entry level and first time move up home buyer segments. Total SPAC deal count for 2021 year-to-date is now 74 with $20.98 billion in gross proceeds raised. Our management team is led by our Chief Executive Officer and Chairman, David Hamamoto, and our Chief Financial Officer, Keith Feldman. You've requested a page on a website (cloudflarepreview.com) that is on the Cloudflare network. David Hamamoto is a Chairman Chairman's Search Committee at Lordstown Motors based in Lordstown, Ohio. The New York, NY-based company plans to raise $300 million by offering 30 million units at $10. He also serves as Advior at Life House. DiamondHead Holdings plans to list on the Nasdaq under the symbol DHHCU. Shares of NASDAQ DHHC opened at $10.14 on Wednesday. DiamondHead Holdings Corp. has a fifty-two week low of $9.74 and a fifty-two week high of $10.99. Lordstown Motors Corp. 26 Oct 20. The sponsor of DiamondHead is DHP SPAC-II Sponsor LLC, an entity controlled by David Hamamoto. Regulators are investigating whether its founder, Steve Burns, who resigned as chief executive in June, overstated claims about truck orders. The site owner may have set restrictions that prevent you from accessing the site. Mr. Burns, 62, left Workhorse in February 2019 to start Lordstown, leaving behind years of losses and a company that produced just a few hundred vehicles. Cookies collect anonymous information, but not personally identifiable information. . The obligation of GSH to complete the transaction is subject to a minimum cash condition of $125 million. The company's CEO David Hamamoto is the largest shareholder with 20% of shares outstanding. 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. DiamondHead Holdings, CEO and Chairman 250 Park Avenue, New York, NY, 212-572-6260 . Lordstown went public in October via a merger with Mr. Hamamotos special purpose acquisition company, DiamondPeak Holdings. 2023 Renaissance Capital LLC. Some small investors continued to buy even as Lordstown unraveled. Copyright 2023 Surperformance. The clock was ticking for David Hamamoto. For context, the second . 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 new company aims to have a broad search focus but intends to identify and acquire a business that could benefit from a hands-on partner with extensive operational, capital markets and investment management experience. 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. Uncover the latest insider trading activity for DiamondHead Holdings Corp. (DHHC). 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. He is joined by CFO and Director Keith Feldman, formerCFO of NorthStar Realty Europe (NYSE: NRE) and Managing Director of Colony Capital. 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. Hamamoto's second SPAC DiamondHead Holdings files for a $300 million DiamondPeak will be led by David Hamamoto, the former founder of the Northstar Companies, which was sold to Colony Capital (NYSE: CLNY) in January of 2017. Insider Sales DHHC / DiamondHead Holdings Corp. Class A - Short . DiamondHead Holdings Corp.(DHHCU) The article SPAC DiamondHead Holdings prices $300 million IPO; David Hamamoto follows up RIDE deal originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. Exhibit 10.14 - sec.gov The fund owned 147,501 shares of the companys stock after buying an additional 37,626 shares during the quarter. Occidental Petroleum Pulls Back To The Sweet Spot. Goldman Sachs & Co. LLC is serving as book-running manager for the offering. Important Disclosures Small investors, who have become active players in the stock market in recent years, were among those driving up the price. 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. 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. With Lordstown shares trading around $18 in November, George Troicky, a self-employed investor from Cleveland, dived in, and he continued to buy over the next few months. Stephen Cummings, who has known Mr. Hamamoto for 15 years and served on the board of one of his companies, said the investor has been successful because he is smart, creative and consistently reliable, and has always kept the interests of all his shareholders at heart. S-4/A Form - [Amend] Registration of securities, business combinations As a subscriber, you have 10 gift articles to give each month. The company filed confidentially on November 5, 2020. Upon closing of the transaction, GSH will become a publicly traded company, and DiamondHead Holdings Corp. will be renamed United Homes Group, Inc. DiamondHead is expected to remain listed on the Nasdaq Capital Market and is expected to trade under the new ticker symbol UHG.. 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, Chairman of Ns Real Estate Income Trust Advisor LLC, Chairman & Co-Chief Executive Officer at DiamondHead Holdings Corp., Chairman at Spaxel LLC and Chairman & Chief Executive Officer at Northstar Healthcare Investors, Inc. David T. Hamamoto is also on the board of 6 other companies. 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. Track SPACs on IPO Pro. Gates Capital Management Reduces Risk . What Kind Of Shareholders Hold The Majority In DiamondHead - Yahoo! 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. Get your FREE TRIAL now. 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. 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. Mr. Burns and another top executive at Lordstown resigned after its board investigated the companys statements about truck orders. Insider Trading Activity - HAMAMOTO DAVID T - SEC Form 4 Great Southern Homes, Inc. and DiamondHead Holdings Corp. Announce He resigned as chief executive in June. 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. DiamondHead Holdings Corp. 19 Jan 23. Upon closing of the merger, GSH will become a publicly traded company, and DiamondHead (NASDAQ: DHHC) [] SEC Info - Hamamoto David T - 'SC 13D' on 2/6/23 re: DiamondHead A longtime real estate investor and former Goldman Sachs executive decided to take an electric truck company public. Team. 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. I figured G.M. Sign in for more on DiamondHead Holdings Corp.: Structure and cap table; 6 directors & officers; 19 filings and events; 1 underwriters; 2 deal advisors; . David T. Hamamoto | Board Member | Lordstown Motors Corp. Recently, federal prosecutors in Manhattan opened their own inquiry. Two people briefed on the matter said Mr. Burns was already considering a new venture. In late September, Mr. Burns showed off a prototype of the Endurance truck at the White House an unveiling attended by Mr. Trump. 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. We may also collect analytic tracking information about your visits to our website. Date Owner Security . Great Southern Homes (GSH) is one of the largest and most established homebuilders in the Southeast, having built more than 11,000 homes over the last two decades. 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 . Dhhcw Diamondhead Holdings Corp C/Wts 28/01/2028 (To Pur Com) Looking for David Hamamoto online? Hamamoto, for example, sold 1 million shares at $16.38 per unit for a total of $16.38 million on Oct. 22, 2020 . This page provides a comprehensive analysis of the known insider trading history of David T Hamamoto. Form S-4/A (registration of securities, business combinations) filed with the SEC 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 Corp.(DHHCU) - Moomoo Should you choose not to accept the cookies used by our website, your internet browser can be set to reject or modify cookie usage based on your preferences. DiamondHead's CEO/Chairman Buys Another 250K Shares Before Merger With DiamondHead Holdings plans to list on the Nasdaq under the symbol DHHCU. DiamondHead Holdings Corp. (via Public) / Correspondence - Form CORRESP Steve Burns, the founder of Lordstown Motors, at its plant in Ohio last year. View David Hamamoto's profile on LinkedIn, the world's largest professional community. Track SPACs on IPO Pro. 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.