{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-035315","form_type":"8-K","ticker":"UHG","cik":"0001830188","company_name":"United Homes Group, Inc.","filed_at":"2023-03-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.896917+00:00","generated_at":"2026-06-17T21:36:22.321361+00:00","sec_items":["1.01","2.03","3.02","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"DHHC signs $80M convertible note and $75M PIPE for Great Southern Homes merger","bullets":["$80M convertible promissory notes at 15% annual interest, convertible at 80% of 30-day VWAP (floor $5, cap $10).","Additional $75M PIPE for 744,588 Class A shares; closing contingent on business combination closing by April 28, 2023.","Conversant Opportunity Master Fund gets board designation right while 50% of notes outstanding and certain consent rights.","Notes mature in 5 years; interest rate rises 1% annually after 4th year; issuer may redeem with premium.","Proceeds expected to offset redemptions and satisfy minimum cash condition for the business combination."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-035315","json":"https://secwatch.observer/filing/0001104659-23-035315.json","markdown":"https://secwatch.observer/filing/0001104659-23-035315.md","text":"https://secwatch.observer/filing/0001104659-23-035315.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1830188/000110465923035315/0001104659-23-035315-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1830188/000110465923035315/tm2310212d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T21:36:22.321361+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d1b2ceb9e61778d4c3d912689ff3b9d3422cae1e","claim":"United Homes Group, Inc. incurred convertible notes of $80,000,000.","evidence_excerpt":"The Investors have agreed to purchase $80,000,000 in original principal amount of convertible promissory notes","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830188/000110465923035315/0001104659-23-035315-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$80,000,000"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"6976738fa059734c44883a637888894da6f6e143","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830188/000110465923035315/0001104659-23-035315-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"a group of investors"},{"label":"Value","value":"$80,000,000 in original principal amount of convertible promissory notes"},{"label":"Effective","value":"2023-03-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}