Smith Douglas Announces Launch 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 launch of the initial public offering of 7,692,308 shares of its Class A common stock. The initial public offering price is currently expected to be between $18.00 and $21.00 per share. Smith Douglas expects to grant the underwriters a 30-day option to purchase up to an additional 1,153,846 shares of its Class A common stock at the initial public offering price, less the underwriting discount. Smith Douglas has applied to list its common stock on the New York Stock Exchange under the ticker symbol “SDHC.”

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 proposed offering. Fifth Third Securities, Regions Securities LLC, Wedbush Securities and Whelan Advisory Capital Markets are acting as co-managers.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to this offering 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.

A registration statement on Form S-1 relating to the proposed offering has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. 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. The initial public offering is subject to market and other conditions and the completion of the SEC's review process.

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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