Financing ·
Dream Finders Homes sells $225M of Series B convertible preferred stock to redeem $154.3M of Series A shares
DFHDream Finders Homes, Inc.
On September 14, 2026, Dream Finders Homes, Inc. sold 225,000 shares of newly created Series B Convertible Preferred Stock to institutional investors for an aggregate purchase price of $225.0 million at a first closing. The company used the net proceeds to redeem all outstanding shares of its existing Series A Convertible Preferred Stock at a redemption price of $1,028.50 per share, totaling approximately $154.3 million. An additional 450,000 shares are contingent on the completion of the merger with Beazer Homes USA, Inc., which is expected to close within three business days of satisfying conditions. The Series B stock carries a 12% cumulative dividend rate and converts into Class A common stock after a six-year non-convertible period at a price discounted by 20%. Dream Finders Homes operates in the residential homebuilding industry, constructing and selling single-family homes.