Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
United Homes Group ( (UHG) ) has provided an update.
United Homes Group announced the pricing of a secondary underwritten public offering of 7,420,057 shares of its Class A common stock, which closed on December 11, 2024. The offering, executed through an underwriting agreement with BTIG, LLC and selling stockholders, did not bring proceeds to the company itself, as the shares were sold by the selling stockholders. Additionally, the company entered into a redemption agreement to cancel its outstanding convertible promissory notes, funded by a $70 million subordinated loan under a credit agreement with Kennedy Lewis Agency Partners. This financial maneuver aims to simplify the company’s capital structure, reduce potential dilution from convertible notes, and enhance profitability through flexible financing arrangements.
More about United Homes Group
United Homes Group, Inc. is a publicly traded residential builder headquartered in Columbia, South Carolina, focusing on the southeastern U.S. markets with 55 active communities. The company employs a land-light operating strategy, principally constructing and selling single-family houses, and aims to expand into high-growth markets with favorable demographic trends.
YTD Price Performance: -50.18%
Average Trading Volume: 48,811
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $203.3M
For detailed information about UHG stock, go to TipRanks’ Stock Analysis page.