DiamondHead Holdings Corp.
DHHCW
NASDAQ Capital Market0.30
USD
-0.01
- -
CIK
0001830188
CUSIP
25278L113
Return %
Stock
S&P500
1Y
-9.09
26.84
3Y
-60.00
77.03
5Y
-60.00
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- David T. Hamamoto II
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 250 Park Avenue New York City NY United States of America
- IPO Date
- Mar 18, 2021
- CIK
- 0001830188
- Similar Companies
- Business
- DiamondHead Holdings Corp. operates as a special purpose acquisition company (SPAC) primarily focused on merging with and acquiring companies in growth sectors such as technology, financial services, and real estate. Founded in 2020 and headquartered in New York, New York, the company completed a significant business combination in March 2023 by merging with Great Southern Homes, Inc., a leading homebuilder in the Southeastern United States. Following this transaction, DiamondHead Holdings Corp. was renamed United Homes Group, Inc., trading under the ticker symbol UHG on the Nasdaq. The core business products and services of the combined United Homes Group include homebuilding with a focus on starter homes and single-family detached homes; the company leverages a land-light strategy for capital-efficient operations primarily in high-growth Southeastern U.S. housing markets. United Homes Group also has strategic capabilities in land acquisition, real estate development, and operational management aimed at generating better risk-adjusted returns. The company has further expanded its portfolio through acquisitions, including Rosewood Communities and Creekside Custom Homes in South Carolina, enhancing its footprint in residential homebuilding. Recent major changes include the merger closing with Great Southern Homes, which positioned United Homes Group as one of the notable homebuilders in the Southeast and facilitated the transition from a SPAC into an operating homebuilding entity. Management continuity was maintained as Great Southern Homes' leadership remains in charge. Additionally, United Homes Group has been making strategic acquisitions and expanding its operational scale and market presence aggressively within the last two years. Before focusing solely on homebuilding, DiamondHead Holdings had investment interests in blockchain technology, digital assets, and financial services innovation, reflecting a diversified acquisition and investment strategy. However, its most recent and transformative change is the pivot to the homebuilding industry post-merger, realigning the company's core business operations and market focus. Thus, DiamondHead Holdings Corp., now operating as United Homes Group, Inc., represents a strategic investment and operational vehicle in the homebuilding sector in the southeastern United States, with a history of technology investments and a recent operational pivot supported by major mergers and acquisitions that reshape its market footprint and service offerings.