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What Happened to United Homes Group?
Ticker: UHGSPAC Year: 2021
Return
-88.3%
Current Price
$4.26
Peak Price
$29
Trust Size
$277M
Summary
United Homes Group is a Southeast US homebuilder focused on entry-level and first-time move-up homes in South Carolina, North Carolina, and Georgia. The company went public via SPAC merger with DiamondHead Holdings Corp in 2023.
What Happened
DiamondHead Holdings Corp merged with United Homes Group in 2023. The homebuilder has continued to operate in the Southeast US market but its stock has declined from the $10 SPAC price to ~$4/share. It was misclassified as bankrupt.
Timeline
2021-01-15
S-1 Registration Filed