Harbor custom development, inc. announces closing of $36 million public offering of convertible preferred shares & warrants

Gig harbor, washington,, oct. 07, 2021 (globe newswire) -- harbor custom development, inc. (nasdaq: hcdi, hcdip, hcdiw, hcdiz) (“harbor,” “harbor custom homes®,” or the “company”), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced the closing of its previously announced underwritten public offering (the “offering”) of 2,400,000 shares of 8.0% series a cumulative convertible preferred stock (the “series a preferred stock”) and 13,800,000 warrants to each purchase one share of common stock, including 1,800,000 warrants as a result of a partial exercise of the over-allotment option granted to the underwriter (“warrants”).
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