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Finally, Bank of Montreal Can increased its position in DiamondHead by 14.8% in the third quarter. Ray ID: 7a2d9d928d2fd229 Copy and paste multiple symbols separated by spaces. Between October, when the company started trading on Nasdaq under the symbol RIDE, and March, the stock continued to climb. 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. 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. 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 . Renaissance Capital LLC is an SEC-registered investment adviser. Track SPACs on IPO Pro. 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. Insiders are officers, directors, or significant investors in a company. David T. Hamamoto our Chairman and Chief Executive Officer since inception, is the Founder of Diamond Head Partners, LLC which he established in 2017. SC 13G. In November, Mr. Burns said there were 50,000 serious orders, and in January the number shot up to 100,000. 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. Although he had previously run a public company, the electric vehicle start-up Workhorse Group, his record there was spotty. . DHP MARANA, LLC is an Arizona Foreign LLC filed on July 6, 2020. DiamondHead Holdings Corp. 13 Jan 23. We believe there continues to be a massive undersupply of single family homes in the U.S., especially in starter and first move up products which will result in significant demand for the foreseeable future. The transaction is expected to close during the first quarter of 2023. For context, the second . The company is led by CEO and Chairman David Hamamoto, founder of Diamond Head Partners and former Executive Vice Chairman of Colony Capital. CEO Purchases DiamondHead Shares. A number of other hedge funds have also bought and sold shares of the business. Lordstown went public in October via a merger with Mr. Hamamotos special purpose acquisition company, DiamondPeak Holdings. 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 . To specify this, check the privacy settings on your browser. 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. The company's principal address is 4 Gatehall Dive . His special purpose acquisition company, DiamondPeak Holdings, merged with Lordstown Motors.CreditPatrick McMullan. You can see DiamondHead Holdings' historic earnings and revenue below, but keep in mind there's always more to the story. Zelman Partners is acting as exclusive M&A advisor to DiamondHead. The company has burned through hundreds of millions of dollars in cash. A longtime real estate investor and former Goldman Sachs executive decided to take an electric truck company public. 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. Important Disclosures 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. DiamondHead Holdings plans to list on the Nasdaq under the symbol DHHCU. With 7.9% and 5.6% of the shares outstanding respectively, BlackRock, Inc. and Adage Capital Management, L.P. are the . Owens Corning (NYSE:OC) Shares Sold by Capital Fund Management S.A. Nucor Co. (NYSE:NUE) Shares Sold by Blueshift Asset Management LLC, Stratasys Ltd. (NASDAQ:SSYS) Stock Holdings Lifted by AlphaCrest Capital Management LLC, Blueshift Asset Management LLC Lowers Stock Position in Urban Outfitters, Inc. (NASDAQ:URBN). MERGER IMAGE: David Hamamoto & Mike Satterfield DATE: 09/12/2022 COMPANIES: Great Southern Homes, Inc & DiamondHead Holdings Corp VALUATION: $572,000,000 74.00% of the stock is currently owned by institutional investors. Founder of Diamond Head Partners LLC New York, New York . 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. Marcum LLP serves as auditor. The company was incorporated in 2020 and is based in New York, New York. 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. 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 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. Mr. Troicky, who lost close to a million dollars on his investment, later said in his lawsuit that he had based his decision on my own research of publicly available information. A federal judge recently approved him as the lead plaintiff in the pending class-action lawsuit. wouldnt partner up with some schmucks.. He is joined by CFO and Director Keith Feldman, formerCFO of NorthStar Realty Europe (NYSE: NRE) and Managing Director of Colony Capital. 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 . Goldman Sachs acted as lead manager on the deal. Additionally, it plans to focus on businesses with enterprise values between $350 million and $2 billion. Should you choose not to accept the cookies used by our website, your internet browser can be set to reject or modify cookie usage based on your preferences. In Lordstown, those forces eventually collided, highlighting the uneven playing field between Wall Street and Main Street. David Hamamoto is the CEO and Chairman of SPAC firm Diamondhead Holdings and. 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. Hamamotos scrutiny of Lordstowns business was most likely far less than the inspection that a company undergoes in a conventional initial public offering. Previously, he served as Executive Vice Chairman of Colony NorthStar (now Colony Capital . Mr. Karacic, who hasnt broken even, said he harbored no ill will toward the early investors. 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. In late September, Mr. Burns showed off a prototype of the Endurance truck at the White House an unveiling attended by Mr. Trump. 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. Chaos ensued. It is illegal for insiders to make trades in their companies based on specific, non-public information. 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. 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. One investor was Maximillian Lawrence, an artist and a high school teacher in Philadelphia. General Motors sold the plant to Mr. Burns in November 2019 for $20 million, prompting Mr. Trumps praise for the Lordstown founder. David Hamamoto General Information. The fund owned 147,501 shares of the company's stock after buying an additional 37,626 shares during the quarter. David Hamamoto in 2007. 4. David Hamamoto. Its stock price has plunged to $9, from around $31. What followed was a swift merger, then a debacle that put two of the biggest forces shaping the financial world on a collision course. The sponsor of DiamondHead is DHP SPAC-II Sponsor LLC, an entity controlled by David Hamamoto. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. David Hamamoto is 62 years old and was born on 10/26/1959. Written by Silicon Valley-based Sakuu makes solid-state and lithium metal batteries for complex active devices using proprietary additive manufacturing processes. The site owner may have set restrictions that prevent you from accessing the site. Get your FREE TRIAL now. This offering is expected to close on Thursday, January 28. 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 / DiamondHead Holdings Corp. Class A / HAMAMOTO DAVID T - SC 13D Activist Investment - SC 13D - February 06, 2023 . The transaction will also require the consent of GSHs lenders and the approval of DHHC stockholders, and is subject to customary closing conditions. 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. Total SPAC deal count for 2021 year-to-date is now 74 with $20.98 billion in gross proceeds raised. 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. document.write(new Date().getFullYear()) United Homes Group. we can see that the largest shareholder is the CEO David Hamamoto with 20% of shares outstanding. I (PLMI) to Combine with Sakuu in $705M Deal. A. from Wharton School of Business at the University of Pennsylvania. In addition, approximately 2.1 million shares owned by the Sponsor currently will be subject to the earn-out. 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 . 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. 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 . Important Disclosures 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: 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. He is joined by CFO and Director Keith Feldman, formerCFO of NorthStar Realty Europe (NYSE: NRE) and Managing Director of Colony Capital. 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 . Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. 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.. 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. 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. Our management team is led by our Chief Executive Officer and Chairman, David Hamamoto, and our Chief Financial Officer, Keith Feldman. 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 . A lawyer declined to comment on his behalf, citing the suit. Renaissance Capital for . Find Instagram, Twitter, Facebook and TikTok profiles, images and more on IDCrawl. Renaissance Capital LLC is an SEC-registered investment adviser. Verition Fund Management LLCs holdings in DiamondHead were worth $1,456,000 as of its most recent filing with the Securities and Exchange Commission. Recent insider trades. The obligation of GSH to complete the transaction is subject to a minimum cash condition of $125 million. Type a symbol or company name. 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. 3. DiamondHead and Antara Capital. The consulting firm said the technology was viable, and the deal came together in weeks. DiamondHead Holdings Corp. is led by Chairman and CEO David T. Hamamoto and CFO and Director Keith Feldman. 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. DiamondHead Holdings Corp. (Name of Issuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securities) 25278L105 (CUSIP Number) David T. Hamamoto. Looking for David Hamamoto online? This morning, DiamondPeak Holdings Corp. (DPHCU) filed for a $250 million SPAC IPO focused on the real estate sector. Tudor Investment Corp Et Al Increases Holdings in Artivion, Inc. BlackRock Inc. Verition Fund Management LLC's holdings in DiamondHead were worth $1,456,000 as of [] Potential investors, media, and members of the public can find more information in the documents below: 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. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. 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. The combined company is expected to be listed under the symbol SAKU once DiamondHead Holdings Corp. (DHHCU) Prices $300M IPO, Altimar III (ATAQ) Adjourns Extension Vote Again, The Latest Non-Redemption Agreements: March 3, 2023, The Latest SPAC News and Rumors: March 3, 2023, Plum Acquisition Corp. 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. 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. Previously, he served as Executive Vice Chairman of Colony NorthStar (now Colony Capital, Inc. (NYSE:CLNY)), a real estate and investment management firm . 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 . Hamamoto left the new company, Colony NorthStar, in November 2017. 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. David has 1 job listed on their profile. Don't risk buying another IPO without IPO Pro. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DiamondHead Holdings Corp. (NASDAQ:DHHC Get Rating). 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. 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. David Hamamoto in 2007. Minimal Gear Needed. 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. 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. New York, New York. DiamondHead Holdings was founded in 2020 and plans to list on the Nasdaq under the symbol DHHCU. I figured G.M. Receive News & Ratings for DiamondHead Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DiamondHead and related companies with MarketBeat.com's FREE daily email newsletter. 250 Park Ave., 7th Floor. Mizuho Markets Americas LLC purchased a new stake in DiamondHead in the third quarter worth $10,704,000. Get your FREE TRIAL now. A few months earlier, other insiders had sold $3 million worth of shares. Millennium Management, a hedge fund firm, and Fidelity, a mutual fund company, also reduced their stakes, filings show. He resigned as chief executive in June. 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). Recently, federal prosecutors in Manhattan opened their own inquiry. The firms declined to comment on their holdings. 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. 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. Want to see what other hedge funds are holding DHHC? Form S-4/A (registration of securities, business combinations) filed with the SEC New York, New York 101777. Create your Watchlist to save your favorite quotes on Nasdaq.com. Mr. Hamamoto Co-Founded NorthStar Capital in July 1997 which he served as Co-Chief Executive Officer until October 2004. DiamondHead Holdings, CEO and Chairman 250 Park Avenue, New York, NY, 212-572-6260 . 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. Mr. Lawrence, the artist, isnt so sure. David Hamamoto is the CEO and Chairman of SPAC firm Diamondhead Holdings and. 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 . David Hamamoto lives in New York, NY; previous cities include Honolulu HI and Park City UT. 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. Mr. Burns did not respond to requests for comment. Find Instagram, Twitter, Facebook and TikTok profiles, images and more on IDCrawl - free people search website. 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. Even Tesla, the industrys breakout star, didnt deliver its first car until 2008 five years after it was founded. 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 . Jan 18, 2019 INTEL by Kristi Marvin. MarketBeat.com's FREE daily email newsletter, Kroger Shares Gap Up on Better-Than-Expected Earnings. You've requested a page on a website (cloudflarepreview.com) that is on the Cloudflare network. Small investors, who have become active players in the stock market in recent years, were among those driving up the price. 2023 Renaissance Capital LLC. He had raised $250 million from big Wall Street investors including BlackRock, and spent more than a year looking at over 100 potential targets. David T Hamamoto is Lead Director at Lordstown Motors Corp. See David T Hamamoto's compensation, career history, education, & memberships. BTIG, LLC is acting as exclusive sell-side advisor to GSH. A native of Hawaii, Mr. Hamamoto began his career at Goldman Sachs, where he helped run the banks real estate investment companies, known as the Whitehall Street funds. . David's ethnicity is Asian American, whose . 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. has a fifty-two week low of $9.74 and a fifty-two week high of $10.99. . Comprehensive performance, salary and tenure analysis for the CEO, board and leadership team. Hamamoto David T insider ownership history Insider history. David and Martha Hamamoto own a house at 3125 Diamond Head Road. The founder has bought 1.25 million shares above the SPAC merger price and ahead of the completed merger. Many look for medium term catalysts that will drive the share price higher. Previously, David was a Chairman at SPAXEL and also held positions at Colony Capital, Nsam, Goldman Sachs. Your IP: 149.202.91.162, Requested URL: www.builderonline.com/building/great-southern-homes-to-go-public-through-merger-with-diamondhead-holdings_o, User-Agent: Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/103.0.0.0 Safari/537.36. 4. 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. Should you choose not to accept cookies, this may have an effect on website performance or accessibility. 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. James Wei's company, Puuwai Estate LLC, owns 3133 Diamond Head Road and Peter Tomozawa's (correct spelling) wife, Donna Leduc . Wolverine Asset Management LLC increased its position in DiamondHead by 146.7% in the third quarter. 2023 Renaissance Capital LLC. . Diamond Head is a volcanic cone on the Hawaiian island of Oahu and is the most popular Hawaii State Park. 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. Martha Hamamoto is 63 years old and was born on 03/29/1959. But the venture started to tank shortly after the deal closed. Good technology isnt enough, Mr. Gordon said. A Wall Street innovation, SPACs are all the rage, having raised more than $190 billion from investors since the start of 2020, according to SPACInsider. View David Hamamoto's profile on LinkedIn, the world's largest professional community. Mr. Hamamoto, along with members of his team and Goldman bankers, made at least two visits to the Lordstown factory in Lordstown, Ohio, to meet with Mr. Burns in June last year, according to regulatory documents. 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. Investors are suing, including 70-year-old George Troicky, who lost $864,201 on his investment, according to a pending class-action lawsuit. Cookies collect anonymous information, but not personally identifiable information. 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. 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. Occidental Petroleum Pulls Back To The Sweet Spot. Our website may send a cookie to your computer or mobile device. 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. 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. Regulators are investigating whether its founder, Steve Burns, who resigned as chief executive in June, overstated claims about truck orders. David Hamamoto. American Stock Transfer & Trust Companyis acting as trustee. 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..