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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 (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. 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. Regulators are investigating whether its founder, Steve Burns, who resigned as chief executive in June, overstated claims about truck orders. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. 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. To specify this, check the privacy settings on your browser. 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. Wolverine Asset Management LLC increased its position in DiamondHead by 146.7% in the third quarter. 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. 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. I still think Lordstown is a great opportunity and they have a great product and a great factory, Mr. Lukens said. General Motors sold the plant to Mr. Burns in November 2019 for $20 million, prompting Mr. Trumps praise for the Lordstown founder. 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. David Hamamoto lives in New York, NY; previous cities include Honolulu HI and Park City UT. Mr. Karacic, who hasnt broken even, said he harbored no ill will toward the early investors. It happens all the time, everywhere, he said. He began selling his stock after the companys bullish predictions didnt come to fruition and walked away with about $4,000 in profits. wouldnt partner up with some schmucks.. David and Martha Hamamoto own a house at 3125 Diamond Head Road. Find Instagram, Twitter, Facebook and TikTok profiles, images and more on IDCrawl. 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. Good technology isnt enough, Mr. Gordon said. 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. 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. In early August, news of the merger of DiamondPeak and Lordstown drove shares of the SPAC up 20 percent. We may also collect analytic tracking information about your visits to our website. (Photo Credit: Jamison Logan / Shutterstock.com) 5. Shares of NASDAQ DHHC opened at $10.14 on Wednesday. The New York, NY-based company plans to raise $300 million by offering 30 million units at $10. Reviews. 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. The company has burned through hundreds of millions of dollars in cash. (800) 464-2924. For context, the second . 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 . Although he had previously run a public company, the electric vehicle start-up Workhorse Group, his record there was spotty. It is illegal for insiders to make trades in their companies based on specific, non-public information. which had by then invested $75 million in Lordstown and viewed it as a long-term holding in his portfolio. . 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 . Should you choose not to accept cookies, this may have an effect on website performance or accessibility. David Hamamoto in 2007. Landscape Capital Management L.L.C. Small investors began piling into Lordstown shares after the merger closed, attracted to the hype around electric vehicles. 74.00% of the stock is currently owned by institutional investors. Ray ID: 7a2d9d928d2fd229 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 . In a statement, he said: During our diligence prior to entering into our business combination, it was clear that we have the technology and the assets to develop the first and best full-size all-electric pickup truck. He added that the board, management and the entire team are focused on making Lordstown Motors a success as we transition to the commercial stage of our business.. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. The fund owned 147,501 shares of the companys stock after buying an additional 37,626 shares during the quarter. Mr. MERGER IMAGE: David Hamamoto & Mike Satterfield DATE: 09/12/2022 COMPANIES: Great Southern Homes, Inc & DiamondHead Holdings Corp VALUATION: $572,000,000 The company was incorporated in 2020 and is based in New York, New York. . New York, New York. All rights reserved. Looking for David Hamamoto online? 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 . 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. 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. His special purpose acquisition company, DiamondPeak Holdings, merged with Lordstown Motors.CreditPatrick McMullan. 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. Mr. Hamamotos scrutiny of Lordstowns business was most likely far less than the inspection that a company undergoes in a conventional initial public offering. The company also shared additional information about itself with DiamondPeak. The transaction values the combined company at a pro forma enterprise value of approximately $572 million, as of December 31, 2022. 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. Track SPACs on IPO Pro. The 15 highest-paid corporate chiefs in America took home a whopping $1.1 billion last year -- about $70 million apiece on average. The transaction will also require the consent of GSHs lenders and the approval of DHHC stockholders, and is subject to customary closing conditions. Additionally, it plans to focus on businesses with enterprise values between $350 million and $2 billion. A special committee of Lordstowns board reviewed the stock sales and said it had found nothing improper. 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. DiamondHead Holdings Corp. 25 Jan 21. Additionally, it plans to focus on businesses with enterprise values between $350 million and $2 billion. 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 . 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.. 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 . Small investors, who have become active players in the stock market in recent years, were among those driving up the price. In addition, approximately 2.1 million shares owned by the Sponsor currently will be subject to the earn-out. This morning, DiamondPeak Holdings Corp. (DPHCU) filed for a $250 million SPAC IPO focused on the real estate sector. 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. The heat is on Mr. Hamamoto. In November, Mr. Burns said there were 50,000 serious orders, and in January the number shot up to 100,000. He became one of Goldmans youngest partners before striking out on his own in 1997. A number of other hedge funds have also bought and sold shares of the business. The cookie may also be used to present advertising tailored to your web usage. 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. Learn about DiamondHead Holdings Corp. (DHHC.U) stock's management team. You do not have access to www.builderonline.com. 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 . 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. Chairman & Co -CEO DiamondHeadPartners. 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. Mizuho Markets Americas LLC purchased a new stake in DiamondHead in the third quarter worth $10,704,000. 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. Tourist walkway in Diamond Head State Monument. DHP MARANA, LLC is an Arizona Foreign LLC filed on July 6, 2020. In 2017, NorthStar merged with Colony Capital, a firm run by Mr. Trumps longtime ally Thomas J. Barrack Jr., to create a company with $58 billion in assets. The company is led by CEO and Chairman David Hamamoto, founder of Diamond Head Partners and former Executive Vice Chairman of Colony Capital. 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