Copy and paste multiple symbols separated by spaces. Looking for David Hamamoto online? Total SPAC deal count for 2021 year-to-date is now 74 with $20.98 billion in gross proceeds raised. Minimal Gear Needed. To specify this, check the privacy settings on your browser. Hamamoto David T has traded RIDE, DHHC, DPHCU, CLNS, NSAM, NRF, NRE while serving in roles requiring financial disclosures. Occidental Petroleum Pulls Back To The Sweet Spot. T David Hamamoto, Co-Ceo, Chairman, 2023-01-19; Mr. Hamamoto remains at Lordstown, but has floated a new shell company, in which BlackRock is again an investor. Verition Fund Management LLC increased its holdings in shares of DiamondHead Holdings Corp. (NASDAQ:DHHC Get Rating) by 34.2% during the third quarter, HoldingsChannel.com reports. David Hamamoto in 2007. The cookie may also be used to present advertising tailored to your web usage. The Company builds homes in South Carolina and Georgia, focusing on the entry level and first time move up home buyer segments. Ray ID: 7a2d9d928d2fd229 DiamondHead Holdings was founded in 2020 and plans to list on the Nasdaq under the symbol DHHCU. 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. In February, Lordstowns president and its former finance chief were among those who sold about $8 million in stock. 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). Employer Identification No.) In addition, approximately 2.1 million shares owned by the Sponsor currently will be subject to the earn-out. Verition Fund Management LLC's holdings in DiamondHead were worth $1,456,000 as of [] 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. AlphaCrest Capital Management LLC Trims Position in Best Buy Co., Inc. AlphaCrest Capital Management LLC Sells 26,238 Shares of Hormel Foods Co. Burlington Stores, Inc. Shares Sold by Eaton Vance Management. Previously, he served as Executive Vice Chairman of Colony NorthStar (now Colony Capital . Insiders are officers, directors, or significant investors in a company. The stock has a fifty day moving average of $10.09 and a 200-day moving average of $9.98. 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. ("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. DiamondHead Holdings Corp. 19 Jan 23. Insider . Between October, when the company started trading on Nasdaq under the symbol RIDE, and March, the stock continued to climb. Mr. Lawrence, 46, said he believed Lordstown would succeed largely because of the implicit backing of G.M. 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. In early August, news of the merger of DiamondPeak and Lordstown drove shares of the SPAC up 20 percent. Mr. Karacic, who hasnt broken even, said he harbored no ill will toward the early investors. Should You Take a Cruise in Royal Caribbean Stock? Chaos ensued. The site owner may have set restrictions that prevent you from accessing the site. 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. Hamamoto left the new company, Colony NorthStar, in November 2017. Founder of Diamond Head Partners LLC New York, New York . Important Disclosures Lordstown also operated in an industry with one of the lowest rates of success; few start-ups have succeeded at mass producing electric vehicles. Sign in to view structure, cap table, and calendar of events. 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. Small investors, who have become active players in the stock market in recent years, were among those driving up the price. The company is led by CEO and Chairman David Hamamoto, founder of Diamond Head Partners and former Executive Vice Chairman of Colony Capital. Lordstown Motors Corp. 26 Oct 20. Potential investors, media, and members of the public can find more information in the documents below: 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. Additionally, it plans to focus on businesses with enterprise values between $350 million and $2 billion. 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. 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. James Wei's company, Puuwai Estate LLC, owns 3133 Diamond Head Road and Peter Tomozawa's (correct spelling) wife, Donna Leduc . It was June 2020, and Mr. Hamamoto, a former Goldman Sachs executive who invested in real estate, was searching for a business to take public through a . This morning, DiamondPeak Holdings Corp. (DPHCU) filed for a $250 million SPAC IPO focused on the real estate sector. 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. MERGER IMAGE: David Hamamoto & Mike Satterfield DATE: 09/12/2022 COMPANIES: Great Southern Homes, Inc & DiamondHead Holdings Corp VALUATION: $572,000,000 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." . . Sign in for more on DiamondHead Holdings Corp.: Structure and cap table; 6 directors & officers; 19 filings and events; 1 underwriters; 2 deal advisors; . He became one of Goldmans youngest partners before striking out on his own in 1997. General Motors sold the plant to Mr. Burns in November 2019 for $20 million, prompting Mr. Trumps praise for the Lordstown founder. Renaissance Capital->. David received a B. S. degree from Stanford University and a M. B. A special committee of Lordstowns board reviewed the stock sales and said it had found nothing improper. Goldman Sachs is the sole bookrunner on the deal. Previously, he served as Executive Vice Chairman of Colony NorthStar (now Colony Capital, Inc. (NYSE:CLNY)), a real estate and investment management firm . It was June 2020, and Mr. Hamamoto, a former Goldman Sachs executive who invested in real estate, was searching for a business to take public through a merger with his shell company. Silicon Valley-based Sakuu makes solid-state and lithium metal batteries for complex active devices using proprietary additive manufacturing processes. In the past, Martha has also been known as Martha Hamamoto David, Martha Hamamotto, Martha Meeker, Martha H Meeker and Martha H Hamamoto. Maximillian Lawrence, an artist and a teacher in Philadelphia, said he had viewed his Lordstown shares as a long-term holding., $3.5 billion electric-vehicle battery factory. The New York, NY-based company plans to raise $300 million by offering 30 million units at $10. 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.. Insider Sales DHHC / DiamondHead Holdings Corp. Class A - Short . Mr. Many look for medium term catalysts that will drive the share price higher. David Hamamoto General Information. DiamondHead Holdings plans to list on the Nasdaq under the symbol DHHCU. The company's CEO David Hamamoto is the largest shareholder with 20% of shares outstanding. 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. Cookies collect anonymous information, but not personally identifiable information. Diamond Head is a volcanic cone on the Hawaiian island of Oahu and is the most popular Hawaii State Park. Lordstown Motors Corp. 23 May 22. 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. 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 . He is joined by CFO and DirectorKeith Feldman, formerCFO of NorthStar Realty Europe (NYSE: NRE) and Managing Director of Colony Capital. I figured G.M. He also serves as Advior at Life House. 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. 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. 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. 4. 2023 Renaissance Capital LLC. David Hamamoto is the CEO and Chairman of SPAC firm Diamondhead Holdings and. David W Hamamoto, David Amatoto, David H Hamamoto, David Marty Hamamoto and David T Hamamoto are some of the alias or nicknames that David has used. Gates Capital Management Reduces Risk . Name Age Title; David T. Hamamoto 61: Chairman and Co-CEO: Keith Feldman 44: CFO: Judith A. Hannaway 67: Director: Each unit consists of one share of . All rights reserved. Mr. Burns did not respond to requests for comment. David's ethnicity is Asian American, whose . It happens all the time, everywhere, he said. 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 group's CEO and Chairman David Hamamoto had bought more stock in . DiamondHead Holdings Corp. 13 Jan 23. Its stock price has plunged to $9, from around $31. Will Q4 Results Send Zoom Video Stock Higher? 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. 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. Recently, federal prosecutors in Manhattan opened their own inquiry. Goldman Sachs acted as lead manager on the deal. But the venture started to tank shortly after the deal closed. Also in February, the Securities and Exchange Commission began investigating Lordstown about statements that Mr. Burns had made about the companys sales prospects. David T. Hamamoto our Chairman and Chief Executive Officer since inception, is the Founder of Diamond Head Partners, LLC which he established in 2017. Significant Real Estate & Public Markets Experience . DiamondHead Holdings Corp. - DHHC / DiamondHead Holdings Corp. Class A / HAMAMOTO DAVID T - SC 13D Activist Investment - SC 13D - February 06, 2023 . Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Honolulu, HI 96815. These symbols will be available throughout the site during your session. Form S-4/A (registration of securities, business combinations) filed with the SEC GSH is currently one of the largest homebuilders in the Southeast. 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. Burns, who fancied himself as the next Elon Musk, was known as a persuasive talker, prone to hyperbole, former Lordstown employees said. Recent insider trades. He and Mr. Burns, who owns 26 percent of Lordstown, are bound by the merger agreement to hold on to their shares until October. 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. Marcum LLP serves as auditor. David T. Hamamoto. The clock was ticking for David Hamamoto. The Board of Directors of GSH and DHHC have approved the transaction. Two people briefed on the matter said Mr. Burns was already considering a new venture. The clock was ticking for David Hamamoto. What followed was a swift merger, then a debacle that put two of the biggest forces shaping the financial world on a collision course. One investor was Maximillian Lawrence, an artist and a high school teacher in Philadelphia. The company has burned through hundreds of millions of dollars in cash. We believe GSH is a best in class operator with significant potential to grow throughout the United States. Goldman Sachs & Co. LLC is serving as book-running manager for the offering. A number of other hedge funds have also bought and sold shares of the business. 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. As of Aug. 6, Colony was trading at $1.98 per share. Small investors began piling into Lordstown shares after the merger closed, attracted to the hype around electric vehicles. Cloudflare is currently unable to resolve your requested domain. 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. With 7.9% and 5.6% of the shares outstanding respectively, BlackRock, Inc. and Adage Capital Management, L.P. are the . We look forward to supporting the companys growth trajectory and future M&A plans.. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. The transaction is expected to close during the first quarter of 2023. He resigned as chief executive in June. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. Our management team is led by our Chief Executive Officer and Chairman, David Hamamoto, and our Chief Financial Officer, Keith Feldman. The company's filing status is listed as Active and its File Number is 23103656. 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. CEO Purchases DiamondHead Shares. BlackRock, which originally owned a little more than 2 percent of the combined company, reported owning about 1 percent in March. 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. 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. 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. GSH was 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 David T insider ownership history Insider history. Renaissance Capital LLC is an SEC-registered investment adviser. 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. Landscape Capital Management L.L.C. Relatives & Associates. David Hamamoto is the CEO and Chairman of SPAC firm Diamondhead Holdings and. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. 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. 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. (800) 464-2924. He had raised $250 million from big Wall Street investors including BlackRock, and spent more than a year looking at over 100 potential targets. 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). Investors are suing, including 70-year-old George Troicky, who lost $864,201 on his investment, according to a pending class-action lawsuit. 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. Mr. Hamamoto left the next year, selling stock worth $27 million. 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. By contrast, SPAC mergers give companies that would find it challenging to go public on their own an easier path to the public markets. I was willing to overlook a lot of things because of the affiliation with G.M. This cookie is a text file stored on your computer that is used for analytic web usage information. Lordstown Motors, the one-year-old Ohio electric automaker that revealed a pickup truck prototype in June, has reached a deal to merge with special-purpose acquisition company DiamondPeak Holdings . Renaissance Capital LLC is an SEC-registered investment adviser. Even Tesla, the industrys breakout star, didnt deliver its first car until 2008 five years after it was founded. GSH plans to employ a capital efficient land-light operating model that is expected to generate higher returns with lower cyclical risk compared to a traditional homebuilding operating model. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 2023 Renaissance Capital LLC. 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. He is also a director and chairman of the nominating and corporate governance committee of Lordstown. Verition Fund Management LLCs holdings in DiamondHead were worth $1,456,000 as of its most recent filing with the Securities and Exchange Commission. All rights reserved. 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 . 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. In an I.P.O., a company is held to strict reporting standards about its finances and prospects. Jan 18, 2019 INTEL by Kristi Marvin. 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. This information is used to improve our services. 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. Uncover the latest insider trading activity for DiamondHead Holdings Corp. (DHHC). DiamondHead co-CEO and chairman David Hamamoto has over 40 years of experience in real estate investing, as well as operating both private and public real estate businesses. 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. David Hamamoto. DHHCU. 3.Additional Agreement.Antara Capital LP ("Antara") agrees in connection with the Share Repurchase Commitment contemplated by paragraph 1, upon receipt of a written request from David T. Hamamoto ("Mr. Hamamoto"), to make a loan to Mr. Hamamoto in an amount up to $2,500,000 pursuant to a five year unsecured promissory note, which shall bear interest of 8% per annum from the date such . He was eager to do a deal. The company's principal address is 4 Gatehall Dive . Find Instagram, Twitter, Facebook and TikTok profiles, images and more on IDCrawl - free people search website. American Stock Transfer & Trust Companyis acting as trustee. At Workhorse, he often touted the viability of a personal hybrid-electric helicopter called Surefly a vehicle that had never proved commercially viable. I still think Lordstown is a great opportunity and they have a great product and a great factory, Mr. Lukens said. Now Lordstown is flailing. 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.
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