Deal Snapshot
DiamondHead Holdings Receives USD 75m PIPE Investment
Monday 27 March 2023

US-based special purpose acquisition company DiamondHead Holdings Corp., a Delaware corporation (NASDAQ: DHHC) (NASDAQ: DHHCU) (NASDAQ: DHHCW) has entered into a convertible Note Purchase Agreement valued at USD 75m, with South Carolina-based homebuilder Great Southern Homes, Inc., and a group of investors party to that agreement, the company said.

Pursuant to the Note Purchase Agreement, the Investors have agreed to purchase USD 80m in original principal amount of convertible promissory notes and 744,588 shares of class A common stock in a private placement PIPE investment.

Date Published: 27/03/2023