---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-061981"
form_type: "8-K"
ticker: "DFH"
cik: "0001825088"
company_name: "Dream Finders Homes, Inc."
filed_at: "2026-09-15T13:26:07+00:00"
generated_at: "2026-09-15T13:27:24.523705+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Dream Finders raises $225M via Series B preferred; redeems Series A, funds Beazer merger

## Summary
- Sold 225,000 shares of Series B Convertible Preferred at $1,000/share for $225M at first closing on Sep 14, 2026.
- Redeemed all Series A preferred at $1,028.50/share (~$154.3M); remainder for general corporate purposes.
- Agreed to sell 450,000 additional Series B shares ($450M) at second closing contingent on Beazer merger completion.
- Series B terms: 12% cumulative dividend (max 15%); non-convertible 6 years; conversion at 20% discount, floor $4.19.
- Company can redeem after year 3 at 102% of liquidation preference; protective covenants require 85% holder consent for key changes.

## SEC filing metadata
- accession: 0001628280-26-061981
- form_type: 8-K
- ticker: DFH
- cik: 0001825088
- company_name: Dream Finders Homes, Inc.
- filed_at: 2026-09-15T13:26:07+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825088/000162828026061981/0001628280-26-061981-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825088/000162828026061981/dream-20260914.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-061981
- JSON: https://secwatch.observer/filing/0001628280-26-061981.json
- Plain text: https://secwatch.observer/filing/0001628280-26-061981.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.