Stanley Martin Homes to acquire United Homes for $1.18/share; enterprise value $221M

United Homes Group, Inc.

All-cash transaction at $1.18 per share; enterprise value $221 million.
Expected close Q2 2026; 70% stockholder consent already obtained via written consent.
CEO Michael Nieri waives $6M change-of-control severance; receives $675K plus COBRA.
Termination fee of $4M payable by either party under specified conditions.
Upon closing, UHG stock will be delisted from Nasdaq and deregistered.

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