UHG INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Reminds United Homes Group (UHG) Investors of Securities Class Action Deadline on June 9, 2026 - Seite 2

However, the Company also disclosed that the entire Board of Directors, except for the Company's founder, Michael Nieri, was prepared to resign unless "the Company's existing management team was fully empowered to execute on the Company's strategic plan" and "Mr. Nieri stepped down from his position as Executive Chairman of the Company and agreed to forego any remaining cash compensation to which he would be entitled under his existing employment agreement, in furtherance of Company cost-saving initiatives." The Company reported that Nieri did not agree, and thus, six of the Company's seven board members resigned and only Nieri remained on the Board.

On this news, United Homes' stock price fell $2.23 per share, or 52.46%, to close at $2.03 per share on October 20, 2025, on unusually heavy trading volume.

Next, on November 6, 2025, before the market opened, United Homes issued a press release announcing its financial results for the three and nine months ended September 30, 2025. The press release revealed that, following the Company's announcement of the special committee's findings and the majority of the Board's resignations, "the Company has been engaged in discussions with various key counterparties, including its lenders, land banking partners, and insurers, regarding, among other things, the pressing need to identify replacement directors, maintaining compliance with loan covenants, and planning for the ongoing operations of the Company." The press release further revealed the Company had only closed 262 homes, a decrease of 29% year over year, resulting in $90.8 million in revenue, a decrease of 23% year over year.

On this news, United Homes' stock price fell $0.11 per share, or 7.6%, to close at $1.34 per share on November 6, 2025, on unusually heavy trading volume.

Finally, on February 23, 2026, before the market opened, United Homes announced that it had agreed to become a wholly owned subsidiary of Stanley Martin Homes, LLC in an all-cash transaction that represents an enterprise value of approximately $221 million, cashing out all stockholders for consideration of $1.18 per share. On the last trading day preceding the announcement, United Homes' stock closed at a price of $2.38. The deal price thus represents an over 50% discount on the preceding trading price. The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions.

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