Dream Finders Homes Proposes to Acquire Beazer Homes for $25.75 Per Share in Cash

Dream Finders Homes (DFH) Offers All-Cash Transaction Delivering Immediate, Compelling and Certain Value for Beazer Homes (BZH) Shareholders


BZH Shareholders Can Act Now to Achieve Liquidity in an All-Cash Deal that Maximizes Shareholder Value

  • Our proposed all-cash acquisition of BZH is a clear and certain path to realizing significant value from your investment in BZH.
  • We are offering to acquire BZH for $25.75 per share, a cash premium of approximately 40% over Beazer’s closing share price on May 5, 2026 and a 25% premium to the 30-trading days volume-weighted average price (VWAP) ending May 5, 2026.

$25.75 Per Share All-Cash Offer Reflects Substantial Value to Beazer Homes’ Shareholders

Significant Deal Certainty

Offer Price Per Share: $25.75

Consideration: All-Cash

  • Financing supported by highly confident letters
  • No regulatory concerns anticipated
  • Prepare to engage immediately
  • Limited diligence required

Our $25.75 Offer Price Delivers an Attractive Premium

Source: Bloomberg; market data as of 05-May-2026

BZH Has Rejected Multiple Offers and Declined to Engage Constructively

  • In early February, DFH proposed an all-cash offer of $28.50/share, which was rejected
  • In mid-March, DFH delivered an improved all-cash offer of $29.00/share, which was also rejected
  • On May 5, 2026, Dream Finders submitted its most recent proposal for $25.75 per share, representing a premium of approximately 40%, and BZH did not meaningfully engage

We Stand Ready to Engage with BZH’s Board and Management to Pursue this Highly Compelling Proposal

Attractive Premium

All-Cash Offer
40% Premium1

Financing

Letters from Financial Institutions Confirming That They Are Highly Confident the Financing Can Be Arranged in the Capital Markets

Ready to Engage

We urge BZH’s Board and Management to have Constructive and Meaningful Engagement with DFH to Realize Value for Shareholders

Commitment to Close

DFH is Fully Committed to Completing a Transaction on an Expedited Basis

1BZH closing share price of $18.35 on May 5, 2026