Smith Douglas Announces Pricing of Initial Public Offering

Smith Douglas Homes Corp. (“Smith Douglas”), one of the nation’s fastest growing private homebuilders by number of closings, today announced the pricing of the initial public offering of 7,692,308 shares of its Class A common stock at a price to the public of $21.00 per share. Smith Douglas has granted the underwriters a 30-day option to purchase up to an additional 1,153,846 shares of its Class A common stock.

Smith Douglas shares are expected to begin trading on the New York Stock Exchange on January 11, 2024 under the ticker symbol “SDHC.” The offering is expected to close on January 16, 2024, subject to customary closing conditions.

J.P. Morgan, BofA Securities, RBC Capital Markets, Wells Fargo Securities, Wolfe | Nomura Alliance and Zelman Partners LLC are acting as joint book-running managers for the offering. Fifth Third Securities, Regions Securities LLC, Wedbush Securities and Whelan Advisory Capital Markets are acting as co-managers.

A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on January 10, 2024. The offering is being made only by means of a prospectus. Copies of the prospectus relating to this offering, when available, may be obtained from: J.P. Morgan, Attn: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-866-803-9204 or email: prospectus-eq_fi@jpmchase.com; BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus Department or email: dg.prospectus_requests@bofa.com; RBC Capital Markets, Attn: Prospectus Department, Three World Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281, telephone: (877) 822-4089; Wells Fargo Securities, LLC, 500 West 33rd Street, New York, New York, 10001, telephone: 1-800-326-5897 or email: cmclientsupport@wellsfargo.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the U.S. Securities Act of 1933, as amended.

About Smith Douglas

Headquartered in Atlanta, Georgia, Smith Douglas Homes is one of the fastest-growing private homebuilders by number of closings. Since its inception, Smith Douglas has been entrusted by over 13,000 families to fulfill their new home dreams. Ranked a top 50 builder nationally for several years and with 2,200 closings in 2022, Smith Douglas currently holds the #38 position on the Builder Magazine Top 100 list. The Smith Douglas communities are primarily targeted to entry-level and empty-nest homebuyers looking to purchase a new home priced below the FHA loan limit in the metro areas of Atlanta, Birmingham, Charlotte, Houston, Huntsville, Nashville, and Raleigh. Smith Douglas offers its homebuyers a personalized, affordable-luxury buying experience at attractive prices.

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