To specify this, check the privacy settings on your browser. DiamondHead Holdings plans to list on the Nasdaq under the symbol DHHCU. He is joined by CFO and Director Keith Feldman, formerCFO of NorthStar Realty Europe (NYSE: NRE) and Managing Director of Colony Capital. Mr. Burns did not respond to requests for comment. Tudor Investment Corp Et Al Increases Holdings in Artivion, Inc. BlackRock Inc. 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 . At the same time, some early Wall Street investors and senior Lordstown executives used the opportunity to sell their stock. And Lordstown has yet to begin producing its first truck. 250 Park Ave., 7th Floor. Renaissance Capital for Steve Burns, the founder of Lordstown Motors, at its plant in Ohio last year. GSH is currently one of the largest homebuilders in the Southeast. The latest filing, Hamamoto disclosed the purchase of 250,000 DHHCU shares at an average price of $10.087 each per share. 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. 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 . Copyright 2023 Surperformance. At Workhorse, he often touted the viability of a personal hybrid-electric helicopter called Surefly a vehicle that had never proved commercially viable. For purposes of the minimum cash condition, cash includes cash in the DiamondHead trust account after giving effect to redemptions (including the $25 million commitment to purchase and not redeem DHHC public shares from the DHHC sponsor group, including David Hamamoto and Antara Capital) and any other permitted financings obtained in connection with the completion of the transaction. The company has burned through hundreds of millions of dollars in cash. If he couldnt close a deal soon, he would have to return the money. The Company builds homes in South Carolina and Georgia, focusing on the entry level and first time move up home buyer segments. SC 13G. Know which insiders are buying and selling along with top shareholders and ownership breakdown. 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. Mr. Hamamotos scrutiny of Lordstowns business was most likely far less than the inspection that a company undergoes in a conventional initial public offering. Track SPACs on IPO Pro. 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. now owns 94,279 shares of the companys stock worth $929,000 after buying an additional 60,301 shares during the last quarter. Written by New York, New York. A number of other hedge funds have also bought and sold shares of the business. 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.. I (PLMI) to Combine with Sakuu in $705M Deal. David Hamamoto is 62 years old and was born on 10/26/1959. DiamondHead Holdings Corp. 13 Jan 23. 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.. EVO TRANSPORTATION & ENERGY SERVICES, INC. Riverdale Country School, Inc. (New York). MarketBeat.com's FREE daily email newsletter, Kroger Shares Gap Up on Better-Than-Expected Earnings. All rights reserved. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. Lordstown went public in October via a merger with Mr. Hamamotos special purpose acquisition company, DiamondPeak Holdings. Hamamoto David T has traded RIDE, DHHC, DPHCU, CLNS, NSAM, NRF, NRE while serving in roles requiring financial disclosures. 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 . Neither Mr. Hamamoto nor his representatives talked to executives at Workhorse about Mr. Burnss stewardship or what had motivated him to suddenly resign and later pursue the factory in Ohio, a person briefed on the merger process said. 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. Important Disclosures 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. Find Instagram, Twitter, Facebook and TikTok profiles, images and more on IDCrawl - free people search website. 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. 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. DiamondHead Holdings Corp. 25 Jan 21. Additionally, we are building out a programmatic, institutional build-to-rent platform, where our current product set and geographic footprint are well positioned to meet the demands of the strong and growing rental market for single family homes., 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. This was a buyer beware situation, he said. 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. What followed was a swift merger, then a debacle that put two of the biggest forces shaping the financial world on a collision course. The fund owned 147,501 shares of the company's stock after buying an additional 37,626 shares during the quarter. Mr. Lawrence, 46, said he believed Lordstown would succeed largely because of the implicit backing of G.M. 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. In late September, Mr. Burns showed off a prototype of the Endurance truck at the White House an unveiling attended by Mr. Trump. 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 . . Hamamoto David T insider ownership history Insider history. The British soldiers who visited the area in the . By contrast, SPAC mergers give companies that would find it challenging to go public on their own an easier path to the public markets. Even Tesla, the industrys breakout star, didnt deliver its first car until 2008 five years after it was founded. 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. Also in February, the Securities and Exchange Commission began investigating Lordstown about statements that Mr. Burns had made about the companys sales prospects. David Hamamoto is the CEO and Chairman of SPAC firm Diamondhead Holdings and. A special committee of Lordstowns board reviewed the stock sales and said it had found nothing improper. Founder of Diamond Head Partners LLC New York, New York . Wolverine Asset Management LLC now owns 359,579 shares of the companys stock worth $3,541,000 after buying an additional 213,819 shares during the last quarter. This offering is expected to close on Thursday, January 28. 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. 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. Purchases New Holdings in Ball Co. Kroger (NYSE:KR) Shares Gap Up on Better-Than-Expected Earnings, AlphaCrest Capital Management LLC Trims Position in Best Buy Co., Inc. (NYSE:BBY), AlphaCrest Capital Management LLC Sells 26,238 Shares of Hormel Foods Co. (NYSE:HRL), Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Eaton Vance Management, Tudor Investment Corp Et Al Increases Holdings in Artivion, Inc. (NYSE:AORT), BlackRock Inc. View David Hamamoto's profile on LinkedIn, the world's largest professional community. Mr. Hamamoto and Mr. Feldman have had a relationship for more than 15 years and average more than 30 years of real estate and alternatives investing experience across the public and private markets. Now Lordstown is flailing. Wed be lying to ourselves if we thought this was a fair market., Behind the Lordstown Debacle, the Hand of a Wall Street Dealmaker, https://www.nytimes.com/2021/07/13/business/lordstown-motors-dealmaker.html. DiamondHead Holdings Corp. is led by Chairman and CEO David T. Hamamoto and CFO and Director Keith Feldman. T David Hamamoto, Co-Ceo, Chairman, 2023-01-19; Chaos ensued. He was eager to do a deal. 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. The company's CEO David Hamamoto is the largest shareholder with 20% of shares outstanding. 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. Find Instagram, Twitter, Facebook and TikTok profiles, images and more on IDCrawl. Potential investors, media, and members of the public can find more information in the documents below: DiamondHead Holdings Corp. - DHHC / DiamondHead Holdings Corp. Class A / HAMAMOTO DAVID T - SC 13D Activist Investment - SC 13D - February 06, 2023 . Mr. Hamamoto left the next year, selling stock worth $27 million. While the company has not selected a target industry or geography, DiamondHead Holdings plans to focus on businesses withcompelling growth potential and competitive market position, strong management teams, among other characteristics. But why? He had raised $250 million from big Wall Street investors including BlackRock, and spent more than a year looking at over 100 potential targets. Landscape Capital Management L.L.C. 74.00% of the stock is currently owned by institutional investors. New York, New York 101777. Between October, when the company started trading on Nasdaq under the symbol RIDE, and March, the stock continued to climb. DiamondHead and Antara Capital. 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 heat is on Mr. Hamamoto. . 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. 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. Track SPACs on IPO Pro. document.write(new Date().getFullYear()) United Homes Group. One investor was Maximillian Lawrence, an artist and a high school teacher in Philadelphia. 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. In November, Mr. Burns said there were 50,000 serious orders, and in January the number shot up to 100,000. 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. Diamond Head is a volcanic cone on the Hawaiian island of Oahu and is the most popular Hawaii State Park. Tourist walkway in Diamond Head State Monument. In an I.P.O., a company is held to strict reporting standards about its finances and prospects. 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.
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