Our sponsor, DHP SPAC-II Sponsor LLC, is an entity controlled by David T. Hamamoto. Mr. Hamamoto currently serves as a director of Lordstown Motors Corp. (‘‘Lordstown’’) and previously served as the Chairman and Chief Executive Officer of DiamondPeak Holdings Corp. (“DiamondPeak”), which was a blank check company at the time of its 2019 initial public offering. On October 23, 2020, DiamondPeak completed its initial business combination with Lordstown, a manufacturer of light duty electric trucks. We intend to capitalize on the experience our management team gained through managing and operating DiamondPeak, including the assessment of numerous potential target companies across various sectors and the ultimate selection and execution of Lordstown.

We intend to capitalize on the ability of our management team to identify, acquire and operate a business in any industry or sector and leverage our public market experience to unlock value in a private platform, similar to the Lordstown acquisition. We believe the extensive experience of our CEO and management as highlighted through decades of investing and DiamondPeak’s business combination with Lordstown makes us well situated to identify, source, negotiate and execute an initial business combination with an attractive company or business, and gives us a competitive edge.

(Note: DiamondHead Holdings priced its IPO on Jan. 25, 2021, according to its prospectus terms: 30 million units at $10 each to raise $300 million.)