DiamondHead Holdings Corp. (DHHCU) is a blank check company, or special purpose acquisition company, whose principal business activity is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Incorporated in 2020 and headquartered in New York, New York, the company maintains no significant ongoing operations prior to completing its targeted combination and focuses on sectors such as technology, healthcare, consumer products, and financial services innovation.
In March 2023, DiamondHead Holdings completed a reverse merger transaction whereby it was acquired by Great Southern Homes, Inc., a South Carolina-based homebuilder focused on designing, building, and selling entry-level homes primarily in South Carolina and Georgia; following the business combination, which included an $80 million convertible note PIPE investment and additional lock-up funding to meet minimum cash conditions, the entity was renamed United Homes Group, Inc. and continues to trade under the DHHCU ticker with operations centered in Chapin, South Carolina.