United Homes Group (UHG) said Friday it priced a secondary offering of about 7.4 million class A common shares at $5 per share.
Of the offered shares, about 1.4 million shares are being purchased by executives and affiliates, with the remaining shares allocated to institutional investors.
The underwriter will have a 30-day option to purchase up to about 1.1 million additional class A common shares.
The company said it is not selling any shares in the offering and will not receive any proceeds from it.
The offering is set to close Dec. 11.
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