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. 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. His special purpose acquisition company, DiamondPeak Holdings, merged with Lordstown Motors.CreditPatrick McMullan. 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. Millennium Management, a hedge fund firm, and Fidelity, a mutual fund company, also reduced their stakes, filings show. 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 . Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. The New York, NY-based company plans to raise $300 million by offering 30 million units at $10. SEC Info - Hamamoto David T - 'SC 13D' on 2/6/23 re: DiamondHead 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. He became one of Goldmans youngest partners before striking out on his own in 1997. Lordstown Motors Corp. 23 May 22. Date Owner Security . 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. Chancery Denies Stay In Lordstown Motors-SPAC Merger Suit Sujan Patel | TRD Research - The Real Deal Its stock price has plunged to $9, from around $31. Name Age Title; David T. Hamamoto 61: Chairman and Co-CEO: Keith Feldman 44: CFO: Judith A. Hannaway 67: Director: This offering is expected to close on Thursday, January 28. Diamond Head Rd. 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. S-4/A Form - [Amend] Registration of securities, business combinations increased its position in DiamondHead by 177.5% in the third quarter. 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. 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. In early 2019, he launched his SPAC, DiamondPeak, with the intention of merging with a real estate business. 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 . Previously, he served as Executive Vice Chairman of Colony NorthStar (now Colony Capital . Sullivan & Cromwell LLP is acting as counsel to DHHC. Plum I (NASDAQ:PLMI) has entered into a definitive agreement to combine with additive manufacturing battery company Sakuu at an enterprise value of $705 million. We may also collect analytic tracking information about your visits to our website. Verition Fund Management LLC Acquires 37,626 Shares of DiamondHead SPAC DiamondHead Holdings prices $300 million IPO; David Hamamoto The company is led by CEO and Chairman David Hamamoto, founder of Diamond Head Partners and former Executive Vice Chairman of Colony Capital. 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. 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. 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. BTIG, LLC is acting as exclusive sell-side advisor to GSH. David Hamamoto is the CEO and Chairman of SPAC firm Diamondhead Holdings and. Goldman Sachs & Co. LLC is serving as book-running manager for the offering. He is joined by CFO and DirectorKeith Feldman, formerCFO of NorthStar Realty Europe (NYSE: NRE) and Managing Director of Colony Capital. Potential investors, media, and members of the public can find more information in the documents below:
The transaction values the combined company at a pro forma enterprise value of approximately $572 million, as of December 31, 2022. 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. The British soldiers who visited the area in the . David T Hamamoto Net Worth (2023) - GuruFocus.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. As a subscriber, you have 10 gift articles to give each month. Cookies collect anonymous information, but not personally identifiable information. DiamondHead Holdings Corp. . The company filed confidentially on November 5, 2020. He is joined by CFO and Director Keith Feldman, formerCFO of NorthStar Realty Europe (NYSE: NRE) and Managing Director of Colony Capital. David T Hamamoto, Lordstown Motors Corp: Profile and Biography James Wei's company, Puuwai Estate LLC, owns 3133 Diamond Head Road and Peter Tomozawa's (correct spelling) wife, Donna Leduc . As of Aug. 6, Colony was trading at $1.98 per share. david hamamoto diamondhead. Total SPAC deal count for 2021 year-to-date is now 74 with $20.98 billion in gross proceeds raised. SC 13G. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. David Hamamoto's Instagram, Twitter & Facebook on IDCrawl www.sec.gov Hamamoto left the new company, Colony NorthStar, in November 2017. Also in February, the Securities and Exchange Commission began investigating Lordstown about statements that Mr. Burns had made about the companys sales prospects. General Motors sold the plant to Mr. Burns in November 2019 for $20 million, prompting Mr. Trumps praise for the Lordstown founder. David Hamamoto is the CEO and Chairman of SPAC firm Diamondhead Holdings and. 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. 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. Goldman Sachs acted as lead manager on the deal. Type a symbol or company name. The consulting firm said the technology was viable, and the deal came together in weeks. Don't risk buying another IPO without IPO Pro. 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. DiamondHead Holdings Corp. (via Public) / Management Change One said Mr. Burns liked to engage in magical thinking, behaving as if he could will things into existence. In November, Mr. Burns said there were 50,000 serious orders, and in January the number shot up to 100,000. Important Disclosures
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. Now Lordstown is flailing. 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. 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. Regulators are investigating whether its founder, Steve Burns, who resigned as chief executive in June, overstated claims about truck orders. A number of other hedge funds have also bought and sold shares of the business. The company's CEO David Hamamoto is the largest shareholder with 20% of shares outstanding. 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. 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. - United Homes Group, Inc. (UHG) Investor 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. we can see that the largest shareholder is the CEO David Hamamoto with 20% of shares outstanding. Relatives & Associates. 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. 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 . Great Southern Homes to Go Public Through Merger With DiamondHead Renaissance Capital->. . David Hamamoto. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The New York, NY-based company plans to raise $300 million by offering 30 million units at $10. 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). Martha M Hamamoto, 63 - New York, NY - Has Court or Arrest Records Lordstown Motors Investors Sue Executives, Directors, Alleging DiamondPeak Holdings Corp (DPHCU) Files $250M SPAC - SPACInsider What Kind Of Shareholders Hold The Majority In DiamondHead - Yahoo! Honolulu, HI 96815. 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.. DiamondHead Holdings Corp.(DHHCU) EVO TRANSPORTATION & ENERGY SERVICES, INC. Riverdale Country School, Inc. (New York). 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 T. Hamamoto - Biography - MarketScreener.com Each unit consists of one share of . DiamondHead Holdings plans to list on the Nasdaq under the symbol DHHCU. Goldman Sachs acted as lead manager on the deal. You've requested a page on a website (cloudflarepreview.com) that is on the Cloudflare network. Jan 26, 2021 08:23AM EST. 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. 3. David received a B. S. degree from Stanford University and a M. B. In early August, news of the merger of DiamondPeak and Lordstown drove shares of the SPAC up 20 percent. Lordstown also operated in an industry with one of the lowest rates of success; few start-ups have succeeded at mass producing electric vehicles. 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Mr. Burns, who fancied himself as the next Elon Musk, was known as a persuasive talker, prone to hyperbole, former Lordstown employees said. Hamamoto David T has traded RIDE, DHHC, DPHCU, CLNS, NSAM, NRF, NRE while serving in roles requiring financial disclosures. 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. Good technology isnt enough, Mr. Gordon said. In late September, Mr. Burns showed off a prototype of the Endurance truck at the White House an unveiling attended by Mr. Trump. Should You Take a Cruise in Royal Caribbean Stock? The cookie may also be used to present advertising tailored to your web usage. Lordstown Motors Corp. 26 Oct 20. 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. kauai obituaries july 2020 DiamondHead Holdings Corp. is led by Chairman and CEO David T. Hamamoto and CFO and Director Keith Feldman. david hamamoto diamondhead - nakedeyeballs.com In Lordstown, those forces eventually collided, highlighting the uneven playing field between Wall Street and Main Street. (Photo Credit: Jamison Logan / Shutterstock.com) 5. It is illegal for insiders to make trades in their companies based on specific, non-public information. DiamondHead Holdings Ownership - Simply Wall St Occidental Petroleum Pulls Back To The Sweet Spot. Mr. Lawrence, the artist, isnt so sure. Minimal Gear Needed. 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. David T Hamamoto, 62 - New York, NY - Has Court or Arrest Records - MyLife These symbols will be available throughout the site during your session. I was willing to overlook a lot of things because of the affiliation with G.M. . 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. OTA Financial Group L.P. purchased a new stake in DiamondHead in the third quarter worth $235,000. Employer Identification No.) David and Martha Hamamoto own a house at 3125 Diamond Head Road. Dhhcw Diamondhead Holdings Corp C/Wts 28/01/2028 (To Pur Com) Important Disclosures
Get your FREE TRIAL now. wouldnt partner up with some schmucks.. The company's principal address is 4 Gatehall Dive . which had by then invested $75 million in Lordstown and viewed it as a long-term holding in his portfolio. 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. Behind the Lordstown Debacle, the Hand of a Wall Street Dealmaker . Diamondhead Holdings Corp. (DHHC) latest news, insider trading and hedge fund ownership data provided by Insider Monkey. David T. Hamamoto Mr. Hamamoto has served as Chairman and Chief Executive Officer of DiamondPeak from inception and is the Founder of Diamond Head Partners, LLC which he established in 2017. Comprehensive performance, salary and tenure analysis for the CEO, board and leadership team. Great Southern Homes, Inc. and DiamondHead Holdings Corp. Announce Mr. David T. Hamamoto II is Chairman at DiamondHead Holdings Corp since October 7, 2020 and served as its Chief Executive Officer since October 7, 2020 until August 02, 2022. NorthStar Realty Finance | TRD Research - The Real Deal David T. Hamamoto. 10177 In the past, Martha has also been known as Martha Hamamoto David, Martha Hamamotto, Martha Meeker, Martha H Meeker and Martha H Hamamoto. By contrast, SPAC mergers give companies that would find it challenging to go public on their own an easier path to the public markets. With 7.9% and 5.6% of the shares outstanding respectively, BlackRock, Inc. and Adage Capital Management, L.P. are the . 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. David Hamamoto. 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. Verition Fund Management LLCs holdings in DiamondHead were worth $1,456,000 as of its most recent filing with the Securities and Exchange Commission. 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. You do not have access to www.builderonline.com. Ray ID: 7a2d9d928d2fd229 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 . Form S-4/A (registration of securities, business combinations) filed with the SEC Joe Lukens, a high school friend of Mr. Burnss who owns more than 400,000 shares in Lordstown, said he remained a big believer in Mr. Burnss initial vision. (3) Pro -forma shares outstanding does not include the impact from the existing public or private warrants, the sponsor earnout shares, the UHG earnout shares, or the UHG equity incentive plan. 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, 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 . At the same time, some early Wall Street investors and senior Lordstown executives used the opportunity to sell their stock. Shares of NASDAQ DHHC opened at $10.14 on Wednesday. Lordstown went public in October via a merger with Mr. Hamamotos special purpose acquisition company, DiamondPeak Holdings. The Board of Directors of GSH and DHHC have approved the transaction. Renaissance Capital for Learn about DiamondHead Holdings Corp. (DHHC.U) stock's management team. Mr. Burns did not respond to requests for comment. Although he had previously run a public company, the electric vehicle start-up Workhorse Group, his record there was spotty. DiamondHead Holdings Corp. 25 Jan 21. MarketBeat.com's FREE daily email newsletter, Kroger Shares Gap Up on Better-Than-Expected Earnings. Many look for medium term catalysts that will drive the share price higher. 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. 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. This cookie is a text file stored on your computer that is used for analytic web usage information. The latest filing, Hamamoto disclosed the purchase of 250,000 DHHCU shares at an average price of $10.087 each per share. (800) 464-2924. David Hamamoto. The firms declined to comment on their holdings. Want to see what other hedge funds are holding DHHC? DHHCU. David Hamamoto is 62 years old and was born on 10/26/1959. At the proposed deal size, DiamondHead Holdings would command a market value of $375 million. Cloudflare is currently unable to resolve your requested domain. Insider Trading Activity - HAMAMOTO DAVID T - SEC Form 4 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. I still think Lordstown is a great opportunity and they have a great product and a great factory, Mr. Lukens said. Great Southern Homes and DiamondHead Holdings To Merge For context, the second . David Hamamoto - Chairman & Chief Executive Officer - Crunchbase A longtime real estate investor and former Goldman Sachs executive decided to take an electric truck company public. Additionally, it plans to focus on businesses with enterprise values between $350 million and $2 billion. 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 .