Represents immediate cash premium of approximately 70% over Beazer's undisturbed share price on May 8, 2026; represents nearly 24% increase to prior public proposal
Follows repeated attempts by Dream Finders to engage in good faith and multiple increased offers submitted to Beazer's Board
Dream Finders urges Beazer shareholders to encourage the Board to withdraw unreasonable preconditions and engage constructively to pursue this compelling proposal
Investor presentation available at announcement.dreamfindershomes.com
JACKSONVILLE, Fla., July 08, 2026--(BUSINESS WIRE)--Dream Finders Homes, Inc. (the "Company", "Dream Finders") (NYSE: DFH), announced today that it has submitted a revised proposal to the board of directors of Beazer Homes USA, Inc. ("Beazer") to acquire all outstanding shares of Beazer in an all-cash transaction for $32.00 per share, a nearly 24% increase to its prior proposal dated May 5, 2026, made public May 11, 2026.
This new proposal represents a premium of approximately 70% to Beazer's undisturbed share price of $18.77 on May 8, 2026,1 and a premium of approximately 56% to Beazer's undisturbed 30-day VWAP of $20.48 as of the same date.2
As outlined in the correspondence below, this proposal is Dream Finders' latest attempt to engage constructively with Beazer's management and Board (the "Beazer Board"). Prior to this most recent proposal, on June 22, 2026, Dream Finders submitted a revised all-cash offer to acquire Beazer for $29.25 per share (the "June 22 Proposal"). Following feedback from Beazer advisors, on June 30, 2026, Dream Finders submitted to the Beazer Board its revised proposal for $32.00 per share in cash (the "June 30 Proposal").
Beazer has now introduced new roadblocks by demanding onerous preconditions to commencing due diligence with Dream Finders. For example, Beazer has insisted that Dream Finders enter into a non-disclosure agreement with a 12-month standstill period (the "standstill period"). Dream Finders believes this is an attempt by Beazer to further delay engagement and impede the potential transaction. Dream Finders is making its latest proposal public following Beazer's continued resistance to engaging constructively with Dream Finders and to offer Beazer shareholders the opportunity they deserve to evaluate this compelling proposal for themselves.
Patrick Zalupski, Dream Finders' Chairman and CEO, said, "Beazer's actions do not appear to be focused on pursuing a path that can maximize value for shareholders. While we would have preferred to continue our discussions privately, Beazer's proposed non-disclosure agreement and related restrictions go well beyond what is necessary to protect confidential information. Taken together with Beazer's past unwillingness to engage, these provisions raise questions about whether the Board is prepared to pursue a transaction that we believe would be in the best interest of Beazer shareholders."