Harbor custom development, inc. announces reverse stock split

Tacoma, wash, march 03, 2023 (globe newswire) -- harbor custom development, inc. (nasdaq: hcdi, hcdip, hcdiw, hcdiz) (“harbor,” “harbor custom homes®,” or the “company”), an innovative real estate company involved in all aspects of the land development cycle, today announced it will effect a 1-for-20 reverse stock split of its issued and outstanding shares of common stock (the “reverse split”).  harbor's stockholders voted to authorize a reverse stock split in a range of 1-for-3 to 1-for-25 on february 17, 2023, and harbor's directors voted to authorize the exact ratio for the reverse split of 1-for-20 on february 27, 2023.
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