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. Diamondhead Holdings Corp. (DHHC) latest news, insider trading and hedge fund ownership data provided by Insider Monkey. Mr. Lawrence, the artist, isnt so sure. The transaction will also require the consent of GSHs lenders and the approval of DHHC stockholders, and is subject to customary closing conditions. Insider Sales DHHC / DiamondHead Holdings Corp. Class A - Short . 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. Mizuho Markets Americas LLC purchased a new stake in DiamondHead in the third quarter worth $10,704,000. Discovery Communications' David Zaslav tops the list -- with . 4. For context, the second . He is joined by CFO and Director Keith Feldman, formerCFO of NorthStar Realty Europe (NYSE: NRE) and Managing Director of Colony Capital. A. from Wharton School of Business at the University of Pennsylvania. 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. 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). 4. 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. Lordstown Motors Corp. 23 May 22. 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. MERGER IMAGE: David Hamamoto & Mike Satterfield DATE: 09/12/2022 COMPANIES: Great Southern Homes, Inc & DiamondHead Holdings Corp VALUATION: $572,000,000 Nelson Mullins Riley & Scarborough LLP is acting as counsel to GSH. 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. Track SPACs on IPO Pro. we can see that the largest shareholder is the CEO David Hamamoto with 20% of shares outstanding. Renaissance Capital LLC is an SEC-registered investment adviser. Chaos ensued. 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. Its stock price has plunged to $9, from around $31. But the venture started to tank shortly after the deal closed. Mr. Burns and another top executive at Lordstown resigned after its board investigated the companys statements about truck orders. 2023 Renaissance Capital LLC. I still think Lordstown is a great opportunity and they have a great product and a great factory, Mr. Lukens said. The clock was ticking for David Hamamoto. Reviews. If he couldnt close a deal soon, he would have to return the money. Get your FREE TRIAL now. The transaction includes an earn-out provision pursuant to which GSH stockholders are entitled to receive up to an aggregate maximum of 20 million additional shares, over a five year period, as and when the share price of the combined company reaches certain thresholds. 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. 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. Lordstown also operated in an industry with one of the lowest rates of success; few start-ups have succeeded at mass producing electric vehicles. A lawyer declined to comment on his behalf, citing the suit. In February, Lordstowns president and its former finance chief were among those who sold about $8 million in stock. The consulting firm said the technology was viable, and the deal came together in weeks. Although he had previously run a public company, the electric vehicle start-up Workhorse Group, his record there was spotty. His special purpose acquisition company, DiamondPeak Holdings, merged with Lordstown Motors. 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. Important Disclosures 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 . EVO TRANSPORTATION & ENERGY SERVICES, INC. Riverdale Country School, Inc. (New York). Mr. David Hamamoto serves as Chairman and Chief Executive Officer of Diamond Head Partners, LLC which he established in 2017. This offering is expected to close on Thursday, January 28. Some small investors continued to buy even as Lordstown unraveled. 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.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. Date Owner Security . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. 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 . 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. David Hamamoto is 62 years old and was born on 10/26/1959. 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. 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 . David T. Hamamoto our Chairman and Chief Executive Officer since inception, is the Founder of Diamond Head Partners, LLC which he established in 2017. Russia's war on Ukraine latest: Putin casts war as battle for nation's survival, India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom. DiamondHead Holdings, CEO and Chairman 250 Park Avenue, New York, NY, 212-572-6260 . David's ethnicity is Asian American, whose . The sponsor of DiamondHead is DHP SPAC-II Sponsor LLC, an entity controlled by David Hamamoto. With 7.9% and 5.6% of the shares outstanding respectively, BlackRock, Inc. and Adage Capital Management, L.P. are the . DiamondHead Holdings Corp. does not have significant operations. 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. incorporation) 250 Park Ave, 7th Floor. 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. One investor was Maximillian Lawrence, an artist and a high school teacher in Philadelphia. 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. Additionally, it plans to focus on businesses with enterprise values between$350million and $2 billion. This offering is expected to close on Thursday, January 28. Find Instagram, Twitter, Facebook and TikTok profiles, images and more on IDCrawl. 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. In late September, Mr. Burns showed off a prototype of the Endurance truck at the White House an unveiling attended by Mr. Trump. 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. Shares of NASDAQ DHHC opened at $10.14 on Wednesday. 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 DHP MARANA, LLC is an Arizona Foreign LLC filed on July 6, 2020. Diamond Head is a volcanic cone on the Hawaiian island of Oahu and is the most popular Hawaii State Park. 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. Track SPACs on IPO Pro. General Motors sold the plant to Mr. Burns in November 2019 for $20 million, prompting Mr. Trumps praise for the Lordstown founder. This was a buyer beware situation, he said. We believe GSH is a best in class operator with significant potential to grow throughout the United States. 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. Additionally, it plans to focus on businesses with enterprise values between $350 million and $2 billion. DiamondHead Holdings Corp. has a fifty-two week low of $9.74 and a fifty-two week high of $10.99. In the past, Martha has also been known as Martha Hamamoto David, Martha Hamamotto, Martha Meeker, Martha H Meeker and Martha H Hamamoto. Mr. Hamamoto is a citizen of the United States of . 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. Verition Fund Management LLCs holdings in DiamondHead were worth $1,456,000 as of its most recent filing with the Securities and Exchange Commission. david hamamoto diamondhead. Will Q4 Results Send Zoom Video Stock Higher? David and Martha Hamamoto own a house at 3125 Diamond Head Road. The Company builds homes in South Carolina and Georgia, focusing on the entry level and first time move up home buyer segments. 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. 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 . Now Lordstown is flailing. David Hamamoto. 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. Uncover the latest insider trading activity for DiamondHead Holdings Corp. (DHHC). Goldman Sachs acted as lead manager on the deal. In early August, news of the merger of DiamondPeak and Lordstown drove shares of the SPAC up 20 percent. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. 74.00% of the stock is currently owned by institutional investors. BlackRock, which originally owned a little more than 2 percent of the combined company, reported owning about 1 percent in March. Anyone can read what you share. 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. 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. 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. now owns 94,279 shares of the companys stock worth $929,000 after buying an additional 60,301 shares during the last quarter. He had raised $250 million from big Wall Street investors including BlackRock, and spent more than a year looking at over 100 potential targets. The stock has a fifty day moving average of $10.09 and a 200-day moving average of $9.98. The company's CEO David Hamamoto is the largest shareholder with 20% of shares outstanding. 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. . The New York, NY-based company plans to raise $300 million by offering 30 million units at $10. 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. It is illegal for insiders to make trades in their companies based on specific, non-public information. He is joined by CFO and Director Keith Feldman, formerCFO of NorthStar Realty Europe (NYSE: NRE) and Managing Director of Colony Capital. The heat is on Mr. Hamamoto. Copyright 2023 Surperformance. David Hamamoto General Information. 10177 As part of the transaction, all of GSHs existing shareholders will roll 100% of their shares into shares of the combined company and, assuming no redemptions from DHHC public shareholders, will hold approximately 51% of the shares of the combined company on closing. Sullivan & Cromwell LLP is acting as counsel to DHHC. Renaissance Capital for Hamamoto David T insider ownership history Insider history. This cookie is a text file stored on your computer that is used for analytic web usage information. Between October, when the company started trading on Nasdaq under the symbol RIDE, and March, the stock continued to climb. Person, a natural person, is the Chairman and Co-Chief Executive Officer of the Issuer, and the managing member of Diamond Head Partners LLC. We look forward to supporting the companys growth trajectory and future M&A plans.. He is joined by CFO and DirectorKeith Feldman, formerCFO of NorthStar Realty Europe (NYSE: NRE) and Managing Director of Colony Capital. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. Through organic growth, GSH has become 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 Sachs acted as lead manager on the deal. Renaissance Capital->. Insider . David Hamamoto lives in New York, NY; previous cities include Honolulu HI and Park City UT. Diamond Head Rd. Tudor Investment Corp Et Al Increases Holdings in Artivion, Inc. BlackRock Inc. We may also collect analytic tracking information about your visits to our website. Small investors began piling into Lordstown shares after the merger closed, attracted to the hype around electric vehicles. 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. Landscape Capital Management L.L.C. Steve Burns, the founder of Lordstown Motors, at its plant in Ohio last year. Employer Identification No.) Relatives & Associates. Sullivan & Cromwell LLP is serving as Issuers Counsel with Ropes & Gray LLPserving as Underwriters Counsel. DiamondHead and Antara Capital. David Hamamoto is the CEO and Chairman of SPAC firm Diamondhead Holdings and. Track SPACs on IPO Pro. 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. CEO Purchases DiamondHead Shares. David T Hamamoto is Lead Director at Lordstown Motors Corp. See David T Hamamoto's compensation, career history, education, & memberships. . 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50.