Dream Finders has already offered and remains prepared to execute an NDA immediately to facilitate due diligence and maximize value for Beazer shareholders
The standstill in any NDA must preserve Dream Finders' ability to re-engage shareholders directly should Beazer continue to refuse to engage in good faith
Dream Finders requests that the Beazer Board clarify that the interest expressed by "additional parties" is comparable to Dream Finders' all-cash $32.00 per share proposal
Dream Finders urges Beazer shareholders to encourage the Board to withdraw unreasonable preconditions and engage constructively to pursue this compelling proposal that delivers significant, certain, and immediate value
Dream Finders remains ready to engage at any time and move forward expeditiously
For more information, visit announcement.dreamfindershomes.com
JACKSONVILLE, Fla., July 08, 2026--(BUSINESS WIRE)--Dream Finders Homes, Inc. (the "Company" or "Dream Finders") (NYSE: DFH) today issued the following statement in response to a press release from Beazer Homes USA, Inc. ("Beazer") regarding Dream Finders' revised proposal to acquire all outstanding shares of Beazer in an all-cash transaction for $32.00 per share, submitted privately to the Beazer Board of Directors (the "Beazer Board") on June 30, 2026, and disclosed publicly to Beazer shareholders on July 8, 2026.
Dream Finders remains committed to pursuing a transaction that delivers compelling value for Beazer shareholders. The Company reiterates its willingness to execute an NDA with a limited standstill so the parties can commence due diligence and Dream Finders can confirm its best offer for shareholders.
Importantly, any standstill must appropriately preserve Dream Finders' ability to engage with shareholders or nominate directors for election at Beazer's 2027 Annual Meeting. Beazer's claim that the confidentiality and standstill agreement they have asked us to sign is "customary" is not grounded in reality. A 12-month standstill is not necessary to conduct due diligence. Instead, it would prohibit our ability to re-engage shareholders after our diligence is concluded and would limit our optionality in pursuing a transaction that delivers significant, certain, and immediate value for all Beazer shareholders. Considering the Beazer Board's refusal to engage constructively to date, we view this as another attempt to impede a potential transaction.
The terms of the standstill that we are requesting are intended solely to preserve Dream Finders' ability to re-engage Beazer's shareholders directly, to protect their interests, as a Beazer shareholder ourselves, and to prevent further value destruction under Beazer's current management team.