secwatch.observer — SEC 8-K summary
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Issuer:     Harbor Custom Development, Inc. (—)
CIK:        0001784567
Form:       8-K
Filed at:   2022-12-16T23:59:59+00:00
Accession:  0001784567-22-000056
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Harbor Custom Development receives Nasdaq deficiency notice for bid price below $1.00; proposes reverse stock split
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- Received Nasdaq notice on Dec 13, 2022 for minimum bid price non-compliance (closing bid below $1.00 for 30 consecutive business days).
- Has 180 calendar days, until June 12, 2023, to regain compliance by closing at $1.00 or more for 10 consecutive business days.
- Board approved a reverse stock split proposal (1:3 to 1:25) to be voted on at a special meeting; compliance not guaranteed.
- If not cured, may be eligible for a second 180-day period if it meets other listing standards and provides a cure notice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1784567/000178456722000056/0001784567-22-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1784567/000178456722000056/hcdi-20221213.htm
  HTML page:      https://secwatch.observer/filing/0001784567-22-000056

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