United Homes Group, Inc. announced that it has entered into private placement agreement to issue 471,500 UHG class A common shares at an issue price of $10 per share for gross proceeds of $4,715,000 and 117,875 UHG class A common shares at an issue price of $0.01 per share for gross proceeds of $1,178.75 for aggregate gross proceeds of $4,716,178.75 on March 23, 2023. The transaction has been approved at the special meeting.