secwatch.observer — SEC 8-K summary
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Issuer:     United Homes Group, Inc. (UHG)
CIK:        0001830188
Form:       8-K
Filed at:   2023-04-05T23:59:59+00:00
Accession:  0001104659-23-042257
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 9.01, 5.02, 3.02, 4.01, 2.03, 3.03, 5.01, 5.03, 5.06, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

United Homes Group completes business combination with Great Southern Homes; begins trading on Nasdaq
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- Merger closed March 30, 2023; GSH shareholders received ~37.3M Class B and ~373K Class A shares plus earn-out rights.
- PIPE and lock-up investors purchased ~1.0M Class A shares for ~$4.7M; lock-up waived for lock-up investors.
- Convertible note financing of $80M principal (15% interest, 5-yr maturity) plus $75M PIPE investment closed.
- DHHC shareholders redeemed 109,426 shares for ~$1.1M; ~$43.9M remained in trust post-closing.
- Post-combination: ~10.6M Class A, ~37.0M Class B shares outstanding; GSH holders own ~78% of combined entity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830188/000110465923042257/0001104659-23-042257-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830188/000110465923042257/tm2311816d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-042257

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