---
schema_version: "secwatch.filing_event.v1"
accession: "0001784567-23-000019"
form_type: "8-K"
ticker: null
cik: "0001784567"
company_name: "Harbor Custom Development, Inc."
filed_at: "2023-03-03T23:59:59+00:00"
generated_at: "2026-06-18T13:21:33.532036+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Harbor Custom Development announces 1-for-20 reverse stock split effective March 6, 2023

## Summary
- Reverse split at 1-for-20 ratio approved by board on Feb 27, 2023; Articles of Amendment filed March 1.
- Common stock to trade on Nasdaq Capital Market under symbol HCDI with new CUSIP 41150T 306 starting March 6.
- Split intended to maintain compliance with Nasdaq minimum bid price continued listing standard.
- Fractional shares rounded up to nearest whole share; no change to authorized shares or par value.
- CEO cites reverse split and Bank United loan restructuring as critical foundation for company objectives.

## SEC filing metadata
- accession: 0001784567-23-000019
- form_type: 8-K
- cik: 0001784567
- company_name: Harbor Custom Development, Inc.
- filed_at: 2023-03-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1784567/000178456723000019/0001784567-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1784567/000178456723000019/hcdi-20230301.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001784567-23-000019
- JSON: https://secwatch.observer/filing/0001784567-23-000019.json
- Plain text: https://secwatch.observer/filing/0001784567-23-000019.txt

## Key facts
- Governance Changes
  Harbor Custom Development, Inc.: Filed Articles of Amendment to effect a 1-for-20 reverse stock split of common stock (effective 2023-03-01).
  - Change: charter amendment
  - Effective: 2023-03-01
  source text: On March 1, 2023, the Company filed Articles of Amendment to its Articles of Incorporation, as amended, to effect the Reverse Stock Split.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1784567/000178456723000019/0001784567-23-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.