secwatch.observer — SEC 8-K summary
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Issuer:     United Homes Group, Inc. (UHG)
CIK:        0001830188
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0001104659-23-037456
Event type: other
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DiamondHead enters PIPE and lock-up agreements raising ~$4.7M for business combination with Great Southern Homes
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- PIPE investors to purchase 471,500 UHG Class A shares at $10.00 each, plus 117,875 additional shares at $0.01, for ~$4.7M gross proceeds.
- Lock-up investors (open-market purchasers) to receive 0.25 UHG shares per DHHC share held, up to 421,100 UHG shares, at $0.01 each.
- All shares subject to lock-up: 50% for one year, 50% for two years, with customary exceptions and pro-rata release waivers.
- Securities issued under Section 4(a)(2) exemption; issuance conditioned on closing of the business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830188/000110465923037456/0001104659-23-037456-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830188/000110465923037456/tm2310349d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-037456

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