Harbor custom development, inc. announces closing of $10 million public offering

Tacoma, wash., may 18, 2023 (globe newswire) -- harbor custom development, inc. (nasdaq: hcdi, hcdip, hcdiw, hcdiz) ("harbor," "harbor custom homes®," or the "company"), a real estate company involved in all aspects of the land development cycle, today announced the closing of its previously announced public offering of an aggregate of 1,951,218 shares of its common stock (or pre-funded warrants in lieu thereof) and warrants to purchase 1,951,218 shares of common stock, at a combined public offering price of $5.125 per share (or pre-funded warrant in lieu thereof) and accompanying warrant. the warrants have an exercise price of $5.00 per share, are exercisable immediately upon issuance, and expire five years from the date of issuance.
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