Instead, Dream Finders decided to make its latest proposal public in what can only be perceived as an attempt to pressure Beazer’s Board to engage with Dream Finders under unilateral terms that Beazer’s Board does not believe to be in the best interests of shareholders.

There can be no assurance that any transaction or other outcome will result from the interest received by the Company. Beazer does not intend to disclose further developments unless and until it determines that additional disclosure is appropriate or required by applicable law.

Following Dream Finders’ proposal to acquire Beazer for $25.75 per share in cash, made public on May 11, 2026, the Company has received interest from additional parties regarding a range of potential transactions. Beazer’s Board of Directors, in consultation with its financial and legal advisors, is carefully considering all opportunities to maximize shareholder value relative to the Company’s current standalone strategy.

In connection with this work, on June 29, 2026, Beazer informed Dream Finders that it believed Dream Finders’ June 22, 2026, updated proposal to acquire the Company for $29.25 per share continued to significantly undervalue the Company and did not represent an appropriate basis for further discussion. In reaching this decision, Beazer’s Board was informed, in part, by the potential shareholder value represented by other proposals and Beazer’s current standalone strategy.

In a good faith effort to engage constructively, the Company informed Dream Finders that it would, in fact, be willing to enter into discussions if the following three conditions were met:

  • First, Dream Finders would need to submit an improved proposal that was more in line with the values presented by the other alternatives the Board is currently considering.
  • Second, Dream Finders would need to sign a customary confidentiality and "standstill" agreement – just as other parties have done.
  • Third, Dream Finders would need to drop its requirement that Beazer negotiate with it on an exclusive basis.

On June 30, 2026, Dream Finders raised the value of its proposal to $32.00 per share and relinquished its exclusivity requirement.