WASHINGTON, D.C.. – Nelson Mullins is representing Great Southern Homes, Inc. (“GSH”) in its definitive business combination agreement with DiamondHead Holdings Corp. (“DiamondHead”), a special purpose acquisition company (“SPAC”), that will result in GSH being rebranded as a newly combined public company. Upon closing the transaction – which values the combined company at a pro forma enterprise value of approximately $572 million, as of December 21, 2022, and is expected to close in the first quarter of 2023 – GSH will combine with DiamondHead and will become a publicly traded entity under under the Nasdaq Capital Market ticker “UHG.”

The Nelson Mullins team is led by partners Andy Tucker and Erin Reeves McGinnis, and associates Kaylen Loflin and Adam Marshall, with support from partners John Jennings, Wells Hall, Sue Stoffer, Matt Zischke, Dan Fritze, Angela Hart-Edwards, Tim Wagner, and Colleen Pleasant Kline, associate Emma Bauknight, and paralegal Alex Reilly.

GSH is one of the largest homebuilders in the Southeast. The company builds homes in South Carolina and Georgia, focusing on entry level and first time move up buyers. Over the course of a 20+ year track record, GSH and its predecessors have built more than 11,000 homes. 

DiamondHead is a SPAC led by Co-CEO and Chairman David Hamamoto, who has over 40 years of experience in real estate investing, as well as operating both private and publicly held real estate businesses. DiamondHead intends to capitalize on the ability of its management team to identify, acquire and operate a business and leverage its management team’s public market experience to unlock value in a private platform.

Tucker is a corporate and securities advisor to growing companies, particularly in the technology and government contracting sectors. He assists his clients with a broad variety of transactional support, including venture capital and private equity transactions, joint ventures, mergers and acquisitions, and public and private securities offerings.

Reeves McGinnis focuses her practice on securities transactions, including public and private offerings of securities, 1933 Act filings, 1934 Act reporting, corporate governance, SEC compliance, FINRA compliance, and general corporate matters, with a specific emphasis on real estate investment trusts (“REITs”).

Loflin focuses her practice on securities and corporate law. She represents both investment banks and issuers in a wide variety of public and private offerings, including initial public offerings, follow-on offerings, Rule 144A offerings of equity or debt, and private placements.

Marshall concentrates his practice on public and private securities offerings, reporting, and compliance under the 1933 Act and the 1934 Act and general corporate matters, with a specific focus on REITs.

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Established in 1897, Nelson Mullins is an Am Law 100 firm of more than 930 attorneys and government relations professionals with 30 offices in 14 states and Washington, D.C. For more information on the firm, go to www.nelsonmullins.com.