Smith Douglas Homes completes IPO of 8.85M shares at $21.00, raises $185.8M gross

Smith Douglas Homes Corp.

Completed IPO of 8,846,154 shares of Class A common stock at $21.00/share, including full over-allotment exercise.
Gross proceeds to company of $185.8 million before underwriting discounts and commissions.
Issued 40,384,615 Class B shares to Founder Fund and 4,487,179 to GSB Holdings in exempt private placement.
Entered employment agreements with CEO Gregory S. Bennett, CFO Russell Devendorf, and GC Brett A. Steele.
Amended certificate of incorporation authorizing 250M Class A, 100M Class B, and 10M preferred shares effective Jan 10.

item 1.01 item 3.02 item 3.03 item 5.03 item 5.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Smith Douglas Homes Corp.: Adopted Amended and Restated Bylaws effective January 10, 2024 (effective 2024-01-10).

Change: bylaw amendment
Effective: 2024-01-10

Exact text from the filing

On January 10, 2024, the Company’s Amended and Restated Certificate of Incorporation (the “ Charter ”), in the form previously filed as Exhibit 3.2 to the Registration Statement, and the Company’s Amended and Restated Bylaws (the “ Bylaws ”), in the form previously filed as Exhibit 3.4 to the Registration Statement, became effective.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Smith Douglas Homes Corp.: Adopted Amended and Restated Certificate of Incorporation effective January 10, 2024, setting authorized capital stock at 250M Class A, 100M Class B, and 10M preferred shares (effective 2024-01-10).

Change: charter amendment
Effective: 2024-01-10

Exact text from the filing

On January 10, 2024, the Company’s Amended and Restated Certificate of Incorporation (the “ Charter ”), in the form previously filed as Exhibit 3.2 to the Registration Statement, and the Company’s Amended and Restated Bylaws (the “ Bylaws ”), in the form previously filed as Exhibit 3.4 to the Registration Statement, became effective.

View on SEC.gov

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Smith Douglas Homes Corp. filing history →

Source: SEC EDGAR

accession 0001140361-24-002395

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