Company: UHG
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001830188-25-000012
Chunk: 7

Company: United Homes Group, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 8
Chunk 7
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 Taxes related to net share settlement of restricted stock units(28,202)— Proceeds from other affiliate debt— 136,773 Distributions and net transfer to shareholders and Other Affiliates— (17,896,302)Proceeds from Convertible Notes, net of transaction costs— 71,500,000 Proceeds from PIPE investment and lock up— 4,720,427 Proceeds from Business Combination, net of SPAC transaction costs— 30,336,068 Payment of equity issuance costs— (257,721)Payment of transaction costs— (12,134,293)Net cash flows (used in) provided by financing activities(33,979,799)40,508,741 Net change in cash, cash equivalents, and restricted cash(31,122,402)44,432,636 Cash, cash equivalents, and restricted cash, beginning of year56,671,471 12,238,835 Cash, cash equivalents, and restricted cash, end of year$25,549,069 $56,671,471 Supplemental cash flow information:Cash paid for interest$20,691,978 $15,682,821 Cash paid for income taxes$6,269,305 $5,148,000 Supplemental disclosures of non-cash activities:Issuance of common stock related to redemption of Convertible Notes44,844,629 — Modification to existing lease2,212,222 (40,968)Termination of existing lease101,298 — Additions of right-of-use lease assets and liabilities564,588 5,300,103 Noncash exercise of employee stock options2,756 128,214 Forfeiture of employee stock options8,368 (487,739)Promissory note issued for sale of property and equipment— 665,020 Settlement of co-obligor debt to affiliates— 8,340,545 Release of guarantor from GSH to shareholder— 2,841,034 Non-cash distribution to owners of Other Affiliates— 12,671,122 Earnest money receivable from Other Affiliates— 2,521,626 Recognition of previously capitalized deferred transaction costs— 2,932,426 Recognition of derivative liability related to earnout— 242,211,404 Recognition of derivative liability related to equity incentive plan211,