In early August, news of the merger of DiamondPeak and Lordstown drove shares of the SPAC up 20 percent. Mr. Hamamoto left the next year, selling stock worth $27 million. David T. Hamamoto our Chairman and Chief Executive Officer since inception, is the Founder of Diamond Head Partners, LLC which he established in 2017. The sponsor of DiamondHead is DHP SPAC-II Sponsor LLC, an entity controlled by David Hamamoto. Form S-4/A (registration of securities, business combinations) filed with the SEC 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. You've requested a page on a website (cloudflarepreview.com) that is on the Cloudflare network. . 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. Get your FREE TRIAL now. But Mr. Hamamoto didnt focus much on assessing the work experience of Lordstowns management team, including Mr. Burns, who would continue to run the company after the SPAC merger, two people familiar with the matter said. Total SPAC deal count for 2021 year-to-date is now 74 with $20.98 billion in gross proceeds raised. . 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. Name Age Title; David T. Hamamoto 61: Chairman and Co-CEO: Keith Feldman 44: CFO: Judith A. Hannaway 67: Director: The New York, NY-based company plans to raise $300 million by offering 30 million units at $10. 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 Registered Agent on file for this company is CT Corporation System and is located at 3800 North Central Avenue, Suite 460, Phoenix, AZ 85012. Previously, he served as Executive Vice Chairman of Colony NorthStar (now Colony Capital, Inc. (NYSE:CLNY)), a real estate and investment management firm . 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 . 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 . 4. Hamamoto's previous SPAC,DiamondPeak Holdings, went public in February 2019 and completed its merger withEV pickup truck developer Lordstown Motors (RIDE; +133% from $10 offer price) in October 2020. 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 . Additionally, it plans to focus on businesses with enterprise values between $350 million and $2 billion. One investor was Maximillian Lawrence, an artist and a high school teacher in Philadelphia. MERGER IMAGE: David Hamamoto & Mike Satterfield DATE: 09/12/2022 COMPANIES: Great Southern Homes, Inc & DiamondHead Holdings Corp VALUATION: $572,000,000 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. He resigned as chief executive in June. 3. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. 4. The company filed confidentially on November 5, 2020. 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. Anyone can read what you share. which had by then invested $75 million in Lordstown and viewed it as a long-term holding in his portfolio. Don't risk buying another IPO without IPO Pro. Hamamoto left the new company, Colony NorthStar, in November 2017. 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. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. 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 . A lawyer declined to comment on his behalf, citing the suit. Some small investors continued to buy even as Lordstown unraveled. 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. It is illegal for insiders to make trades in their companies based on specific, non-public information. 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. And Lordstown has yet to begin producing its first truck. 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.. Tudor Investment Corp Et Al Increases Holdings in Artivion, Inc. BlackRock Inc. Lordstown also operated in an industry with one of the lowest rates of success; few start-ups have succeeded at mass producing electric vehicles. David T Hamamoto is Lead Director at Lordstown Motors Corp. See David T Hamamoto's compensation, career history, education, & memberships. Written by 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. 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. David has 1 job listed on their profile. DiamondHead Holdings Corp. . Mr. Lawrence, the artist, isnt so sure. The clock was ticking for David Hamamoto. Previously, David was a Chairman at SPAXEL and also held positions at Colony Capital, Nsam, Goldman Sachs. Landscape Capital Management L.L.C. David received a B. S. degree from Stanford University and a M. B. The sponsor of DiamondHead is DHP SPAC-II Sponsor LLC, an entity controlled by David Hamamoto. OTA Financial Group L.P. purchased a new stake in DiamondHead in the third quarter worth $235,000. 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. Hawaiians call it Lahi (brow of the tuna) in reference to the formation's ridgeline, which resembles the tuna fish's dorsal fin. 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. Also in February, the Securities and Exchange Commission began investigating Lordstown about statements that Mr. Burns had made about the companys sales prospects. The transaction is expected to close during the first quarter of 2023. NRE (NorthStar Realty Europe) Dividend Payout Ratio as of today (March 04, 2023) is 0.00. Dividend Payout Ratio explanation, calculation, historical data and m 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. Although he had previously run a public company, the electric vehicle start-up Workhorse Group, his record there was spotty. 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. New York, New York. DiamondHead Holdings was founded in 2020 and plans to list on the Nasdaq under the symbol DHHCU. Renaissance Capital for American Stock Transfer & Trust Companyis acting as trustee. There can be no assurances that the minimum cash condition, which may be waived by GSH, will be satisfied. These symbols will be available throughout the site during your session. MarketBeat.com's FREE daily email newsletter, Kroger Shares Gap Up on Better-Than-Expected Earnings. The company's CEO David Hamamoto is the largest shareholder with 20% of shares outstanding. Now Lordstown is flailing. This was a buyer beware situation, he said. Marcum LLP serves as auditor. DiamondHead Holdings Corp. 19 Jan 23. He also serves as Advior at Life House. The New York, NY-based company plans to raise $300 million by offering 30 million units at $10. Additionally, it plans to focus on businesses with enterprise values between $350 million and $2 billion. 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. This offering is expected to close on Thursday, January 28. 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. At the proposed deal size, DiamondHead Holdings would command a market value of $375 million. David Hamamoto lives in New York, NY; previous cities include Honolulu HI and Park City UT. Then, around nine months before his deadline, bankers from Goldman gave Mr. Hamamoto an enticing pitch: Lordstown Motors, the fledgling electric truck maker that President Donald J. Trump had hailed as a savior of jobs. Mr. Hamamoto, whose investment group once owned a fifth of the SPAC, got some of those shares at a steep discount meaning that they lose little even if the stock collapses. Mr. Hamamoto is a citizen of the United States of . Gates Capital Management Reduces Risk . The heat is on Mr. Hamamoto. Comprehensive performance, salary and tenure analysis for the CEO, board and leadership team. 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. He is joined by CFO and Director Keith Feldman, formerCFO of NorthStar Realty Europe (NYSE: NRE) and Managing Director of Colony Capital. DiamondHead Holdings plans to list on the Nasdaq under the symbol DHHCU. The transaction values the combined company at a pro forma enterprise value of approximately $572 million, as of December 31, 2022. David Hamamoto is the CEO and Chairman of SPAC firm Diamondhead Holdings and. 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 . His special purpose acquisition company, DiamondPeak Holdings, merged with Lordstown Motors. (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. I still think Lordstown is a great opportunity and they have a great product and a great factory, Mr. Lukens said. Goldman Sachs is the sole bookrunner on the deal. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. 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." . 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). 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 . In the past, Martha has also been known as Martha Hamamoto David, Martha Hamamotto, Martha Meeker, Martha H Meeker and Martha H Hamamoto. We believe GSH is a best in class operator with significant potential to grow throughout the United States. Wed be lying to ourselves if we thought this was a fair market., Behind the Lordstown Debacle, the Hand of a Wall Street Dealmaker, https://www.nytimes.com/2021/07/13/business/lordstown-motors-dealmaker.html.