United Homes Group, Inc. (UHG) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 04, 2026

Risk Assessment Details

Potential Dilution: 410.94% of current shares
Recent Dilution: 90.51% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
22M
Potential Supply
90M
Additional shares possible
Splits
None
Past 2 years

Summary

UHG currently has 21.9M outstanding shares. with significant dilution risk as 89.8M authorized shares could dilute existing holders by 410.9%. The company has significantly diluted shareholders by 90.51% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 04, 2026

POS AM filing: This is a POS AM filing that registers (i) 11,591,664 shares of Class A common stock offered by the Company and (ii) 66,652,550 shares of Common Stock, 2,966,664 warrants to purchase Common Stock and $80,000,000 senior convertible promissory notes due 2028 offered by selling securityholders.

22M 90M
Mar 13, 2026

10-K filing | 21.9M shares outstanding

22M 160M
Nov 07, 2025

10-Q filing | 21.8M shares outstanding

22M 160M
Aug 08, 2025

10-Q filing | 21.8M shares outstanding

22M 160M
May 14, 2025

10-Q filing | 21.6M shares outstanding

22M 160M
Mar 14, 2025

10-K filing | 21.6M shares outstanding

22M 160M
Dec 11, 2024

8-K filing: United Homes Group, Inc. completed an offering of 7,420,057 shares of Class A common stock by selling stockholders at $5.00 per share and redeemed outstanding convertible promissory notes by issuing 10,168,850 shares of Class A Common Stock to the selling stockholders and paying $70,000,000 plus accrued interest.

11M 160M
Nov 12, 2024

10-Q filing | 11.4M shares outstanding

11M 160M
Aug 09, 2024

10-Q filing | 11.4M shares outstanding

11M 160M
Jun 21, 2024

S-3 filing: This S-3 filing registers a secondary offering including Class A Common Stock, warrants to purchase Class A Common Stock and Senior Convertible Promissory Notes.

11M 160M
May 10, 2024

10-Q filing | 11.4M shares outstanding

11M 90M
Mar 15, 2024

10-K filing | 11.4M shares outstanding

11M 90M
Nov 14, 2023

10-Q filing | 11.4M shares outstanding

11M 90M
Aug 14, 2023

10-Q filing | 11.4M shares outstanding

11M 90M
Jul 17, 2023

S-1/A filing: This S-1/A filing is for a secondary offering of up to 21,544,588 shares of Class A common stock, $80,000,000 Senior Convertible Promissory Notes due 2028, up to 11,591,664 Class A Common Shares, consisting of up to 8,625,000 Class A Common Shares issuable upon the exercise of public warrants, and up to 2,966,664 Class A Common Shares issuable upon the exercise of private placement warrants and resale of Class A Common Shares issued in a private offering.

11M 90M
Jul 17, 2023

S-1/A filing: This S-1/A filing relates to the primary issuance of Class A common stock upon exercise of public and private placement warrants, as well as the secondary offering of Class A common stock issued in a private offering and shares issuable upon exercise of private placement warrants.

11M 90M
Jun 28, 2023

S-1/A filing: This S-1/A filing relates to the offer and resale of Class A common stock and convertible notes by selling stockholders.

11M 68M
May 15, 2023

10-Q filing | 10.6M shares outstanding

11M 59M
Apr 28, 2023

S-1 filing: This prospectus relates to the offer and resale of Class A common stock and convertible notes by selling stockholders.

8.6M 59M
Mar 28, 2023

10-K filing | 8.6M shares outstanding

8.6M 35M
Mar 28, 2023

8-K filing: DiamondHead Holdings Corp. entered into Share Lock-Up Agreements and PIPE Subscription Agreements to issue UHG Class A Common Shares to certain investors, conditioned upon the consummation of the Business Combination. ($4.72M proceeds)

8.6M 35M
Mar 22, 2023

8-K filing: DiamondHead Holdings Corp. (DHHC), soon to be United Homes Group, Inc. (UHG), entered into a Note Purchase Agreement to sell $80,000,000 in convertible promissory notes and 744,588 UHG Class A Common Shares for $75,000,000 in a private placement (PIPE Investment). ($75.0M proceeds)

8.6M 35M
Nov 09, 2022

10-Q filing | 8.6M shares outstanding

8.6M 35M
Aug 15, 2022

10-Q filing | 8.6M shares outstanding

8.6M 35M
May 16, 2022

10-Q filing | 34.5M shares outstanding

35M 35M
Apr 13, 2022

10-K filing | 8.6M shares outstanding

8.6M 35M
Nov 22, 2021

10-Q filing | 8.6M shares outstanding

8.6M 35M
Aug 16, 2021

10-Q filing | 8.6M shares outstanding

8.6M 35M
Jun 03, 2021

10-Q filing | 2.5M shares outstanding

2.5M 35M
Feb 03, 2021

8-K filing: DiamondHead Holdings Corp. consummated its initial public offering of 34,500,000 units at $10.00 per unit, generating gross proceeds of $345,000,000, and completed a private placement of 5,933,333 warrants to the Company's Sponsor and certain qualified institutional buyers at $1.50 per warrant, generating gross proceeds of $8,900,000. ($353.9M proceeds)

8.6M 35M
Jan 28, 2021

8-K filing: DiamondHead Holdings Corp. consummated its initial public offering of 34,500,000 units at $10.00 per unit, generating gross proceeds of $345,000,000, and completed the private sale of 5,933,333 warrants at $1.50 per warrant, generating gross proceeds of $8,900,000. ($353.9M proceeds)

8.6M 35M
Jan 15, 2021

S-1/A filing: DiamondHead Holdings Corp. is a blank check company offering units consisting of Class A common stock and warrants in an initial public offering.

8.6M 35M
Jan 08, 2021

S-1 filing: Initial public offering of units, each consisting of one share of Class A common stock and one-fourth of one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common stock at $11.50 per share, seeking to raise $300,000,000.

8.6M 35M
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