Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
United Homes Group, Inc. incurred convertible notes of $80,000,000.
- Instrument
- convertible notes
- Principal
- $80,000,000
- Event
- incurrence
Exact text from the filing
The Investors have agreed to purchase $80,000,000 in original principal amount of convertible promissory notes
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
United Homes Group, Inc. entered into Convertible Note Purchase Agreement with a group of investors valued at $80,000,000 in original principal amount of convertible promissory notes (effective 2023-03-21).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- a group of investors
- Value
- $80,000,000 in original principal amount of convertible promissory notes
- Effective
- 2023-03-21
Exact text from the filing
On March 22, 2023, DHHC announced that it had entered into a Convertible Note Purchase Agreement, dated March 21, 2023 (the “Note Purchase Agreement”), by and among itself, GSH, and a group of investors party to that agreement (the “Investors”). Pursuant to and at the closing of the transactions contemplated by the Note Purchase Agreement, the Investors have agreed to purchase $80,000,000 in original principal amount of convertible promissory notes (as more fully described below, the “Notes”) and, pursuant to the terms of share subscription agreements to be entered into between each Investor and the Issuer (as more fully described below, the “Subscription Agreements”), an additional 744,588 UHG Class A Common Shares (the “Shares”) in a private placement PIPE investment (the “PIPE Investment”).
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