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. American Stock Transfer & Trust Companyis acting as trustee. Jan 26, 2021 08:23AM EST. One investor was Maximillian Lawrence, an artist and a high school teacher in Philadelphia. Between October, when the company started trading on Nasdaq under the symbol RIDE, and March, the stock continued to climb. The company also shared additional information about itself with DiamondPeak. CEO Purchases DiamondHead Shares. The clock was ticking for David Hamamoto. DHHCU. Anyone can read what you share. David Hamamoto. 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. Copy and paste multiple symbols separated by spaces. PDF United Homes Group ("UHG") David T. Hamamoto our Chairman and Chief Executive Officer since inception, is the Founder of Diamond Head Partners, LLC which he established in 2017. United Homes Group - Announcement Minimal Gear Needed. Name Age Title; David T. Hamamoto 61: Chairman and Co-CEO: Keith Feldman 44: CFO: Judith A. Hannaway 67: Director: The clock was ticking for David Hamamoto. 10177 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 . 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. Sign in to view structure, cap table, and calendar of events. 2023 Renaissance Capital LLC. DiamondHead Holdings Corp. | SPAC Research David Hamamoto - DiamondHead Holdings | ZoomInfo 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. His special purpose acquisition company, DiamondPeak Holdings, merged with Lordstown Motors. 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 . 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. New York, New York 101777. DiamondHead's CEO/Chairman Buys Another 250K Shares Before Merger With . He is joined by CFO and DirectorKeith Feldman, formerCFO of NorthStar Realty Europe (NYSE: NRE) and Managing Director of Colony Capital. Hamamoto David T Insdier Trading Report - Form 4 Filings 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 is led by CEO and Chairman David Hamamoto, founder of Diamond Head Partners and former Executive Vice Chairman of Colony Capital. In late September, Mr. Burns showed off a prototype of the Endurance truck at the White House an unveiling attended by Mr. Trump. Each unit consists of one share of . DiamondHead Holdings Corp. has a fifty-two week low of $9.74 and a fifty-two week high of $10.99. We may also collect analytic tracking information about your visits to our website. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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. Discovery Communications' David Zaslav tops the list -- with . 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. 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.. 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. The fund owned 147,501 shares of the company's stock after buying an additional 37,626 shares during the quarter. DiamondHead Holdings plans to list on the Nasdaq under the symbol DHHCU. Exhibit 10.14 - sec.gov 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. In an I.P.O., a company is held to strict reporting standards about its finances and prospects. DiamondHead Holdings Corp. (DHHCU) Prices $300M IPO Mr. Lawrence, 46, said he believed Lordstown would succeed largely because of the implicit backing of G.M. Know which insiders are buying and selling along with top shareholders and ownership breakdown. First Look: The SPAC Deal That Will Take Electric-Pickup Start-Up A number of other hedge funds have also bought and sold shares of the business. 74.00% of the stock is currently owned by institutional investors. 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. BTIG, LLC is acting as exclusive sell-side advisor to GSH. Since he knew little about electric vehicles, Mr. Hamamoto hired McKinsey to assess whether the technology that Lordstown had licensed from others could be put together to build an electric truck, several people briefed on the matter said. DiamondHead Holdings Corp.(DHHCU) Renaissance Capital LLC is an SEC-registered investment adviser. Mr. 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. Should You Take a Cruise in Royal Caribbean Stock? DiamondHead's CEO/Chairman Buys Another 250K Shares Before Merger With Hamamoto's second SPAC DiamondHead Holdings files for a $300 million Meet the Heavy Hitters Funding Lordstown Motors www.sec.gov Hamamoto David T has traded RIDE, DHHC, DPHCU, CLNS, NSAM, NRF, NRE while serving in roles requiring financial disclosures. Upon closing of the merger, GSH will become a publicly traded company, and DiamondHead (NASDAQ: DHHC) [] Sullivan & Cromwell LLP is acting as counsel to DHHC. Chaos ensued. Great Southern Homes, Inc., a Leading Private Homebuilder in the Significant Real Estate & Public Markets Experience . Want to see what other hedge funds are holding DHHC? Sujan Patel | TRD Research - The Real Deal Martha Hamamoto is 63 years old and was born on 03/29/1959. 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. Sullivan & Cromwell LLP is serving as Issuers Counsel with Ropes & Gray LLPserving as Underwriters Counsel. 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. 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. Lordstown went public in October via a merger with Mr. Hamamotos special purpose acquisition company, DiamondPeak Holdings. Diamondhead Holdings Corp. - Team At the rollout of Lordstowns Endurance truck on June 25, 2020 which was attended by Mr. Hamamoto and Goldman bankers, who by then were deep in merger talks with Lordstown Mr. Burns was quoted in TechCrunch saying the company already had 20,000 pledges to order its truck and planned to begin producing the vehicle by summer 2021. Law360 (March 8, 2022, 8:22 PM EST) -- A Delaware vice chancellor has refused to stay a stockholder suit challenging electric vehicle maker Lordstown Motors Corp.'s $1.6 billion merger with . Hamamoto's second SPAC DiamondHead Holdings files for a $300 - IPOs 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 . Mr. Lawrence, the artist, isnt so sure. Recently, federal prosecutors in Manhattan opened their own inquiry. 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. Total SPAC deal count for 2021 year-to-date is now 74 with $20.98 billion in gross proceeds raised. It is illegal for insiders to make trades in their companies based on specific, non-public information. He and Mr. Burns, who owns 26 percent of Lordstown, are bound by the merger agreement to hold on to their shares until October. In November, Mr. Burns said there were 50,000 serious orders, and in January the number shot up to 100,000. We look forward to supporting the companys growth trajectory and future M&A plans.. 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. 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 . 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. But the venture started to tank shortly after the deal closed. 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. Marcum LLP serves as auditor. 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. This morning, DiamondPeak Holdings Corp. (DPHCU) filed for a $250 million SPAC IPO focused on the real estate sector. David Hamamoto is 62 years old and was born on 10/26/1959. 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. 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. This offering is expected to close on Thursday, January 28. Jan 18, 2019 INTEL by Kristi Marvin. 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. MarketBeat.com's FREE daily email newsletter, Kroger Shares Gap Up on Better-Than-Expected Earnings. 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 . Reviews. 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. David Hamamoto. Sign in for more on DiamondHead Holdings Corp.: Structure and cap table; 6 directors & officers; 19 filings and events; 1 underwriters; 2 deal advisors; . Don't risk buying another IPO without IPO Pro. DiamondHead Holdings Ownership - Simply Wall St DiamondPeak Holdings Corp (DPHCU) Files $250M SPAC - SPACInsider NorthStar Realty Finance | TRD Research - The Real Deal David T Hamamoto is Lead Director at Lordstown Motors Corp. See David T Hamamoto's compensation, career history, education, & memberships. NRE (NorthStar Realty Europe) Dividend Payout Ratio Great Southern Homes, Inc. and DiamondHead Holdings Corp. Announce And Rivian, a start-up that will begin delivering electric pickup trucks this year, has been working on its vehicles for more than 10 years. Small investors began piling into Lordstown shares after the merger closed, attracted to the hype around electric vehicles. 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. 250 Park Ave., 7th Floor. 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.. Type a symbol or company name. A few months earlier, other insiders had sold $3 million worth of shares. Type a symbol or company name. 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. (via Public) / Correspondence - Form CORRESP The transaction also provides that additional Sponsor shares will become subject to the earn-out to the extent there is not $100 million of common stock at closing (including shares of common stock not redeemed, newly issued common stock and common stock subject to any convertible securities issued by DHHC prior to the closing). If he couldnt close a deal soon, he would have to return the money. Don't risk buying another IPO without IPO Pro. 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. The company was incorporated in 2020 and is based in New York, New York. In addition, as Michael mentioned, we believe there are extremely compelling opportunities to generate accretive growth through M&A as well as a programmatic build-to-rent platform., Himanshu Gulati, Founder and CIO of Antara Capital, says, We are excited to partner with Michael and David on this opportunity. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. View David Hamamoto's profile on LinkedIn, the world's largest professional community. 2023 Renaissance Capital LLC.