Current Report Filing (8-k)
November 12 2021 - 5:14PM
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): November 5, 2021
Harbor
Custom Development, Inc.
(Exact
name of registrant as specified in its charter)
Washington
|
|
333-237507
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46-4827436
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
|
|
(IRS
Employer
Identification
No.)
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11505
Burnham Dr., Suite 301
Gig
Harbor, Washington 98332
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code (253) 649-0636
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class
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Trading
Symbol(s)
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Name
of Each Exchange on Which Registered
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Common
Stock
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HCDI
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The
Nasdaq Stock Market LLC
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8.0%
Series A Cumulative
Convertible
Preferred Stock
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HCDIP
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The
Nasdaq Stock Market LLC
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Warrants
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HCDIW
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The
Nasdaq Stock Market LLC
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Warrants
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HCDIZ
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The
Nasdaq Stock Market LLC
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
7.01 Regulation FD Disclosure
As
previously reported on a Current Report on Form 8-K of Harbor Custom Development, Inc. ( the “Company”) dated October 8,
2021, the Company closed a public offering on October 7, 2021 (the “Offering”) for its 8.0% Series A Cumulative Convertible
Preferred Stock (the “Series A Preferred Shares”) and warrants to purchase Common Stock at $2.97 per share of Common Stock
(the “Warrants”). In addition, the Company granted ThinkEquity LLC (the “Underwriter”) an over-allotment option
to purchase up to an additional 360,000 Series A Preferred Shares and 1,800,000 Warrants (the “Overallotment Option”).
On
November 3, 2021, the Underwriter provided notice to the Company that it had elected to exercise its Overallotment Option to purchase
360,000 Series A Preferred Shares. The Underwriter’s exercise of the Overallotment Option closed on November 5, 2021, resulting
in gross proceeds of approximately $5,005,260 to the Company.
The
information furnished pursuant to this Item 7.01, shall not be deemed “filed” for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section and shall
not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act, except
as shall be expressly set forth by specific reference in such filing.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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Harbor
Custom Development, Inc.
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Date:
November 12, 2021
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By:
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/s/
Jeff Habersetzer
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Jeff
Habersetzer
Chief
Operating Officer, Secretary, and General Counsel
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