secwatch.observer — SEC 8-K summary
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Issuer:     Dream Finders Homes, Inc. (DFH)
CIK:        0001825088
Form:       8-K
Filed at:   2026-09-15T13:26:07+00:00
Accession:  0001628280-26-061981
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825088/000162828026061981/0001628280-26-061981-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825088/000162828026061981/dream-20260914.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-061981

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer