secwatch.observer — SEC 8-K summary
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Issuer:     Harbor Custom Development, Inc. (—)
CIK:        0001784567
Form:       8-K
Filed at:   2023-03-03T23:59:59+00:00
Accession:  0001784567-23-000019
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1784567/000178456723000019/0001784567-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1784567/000178456723000019/hcdi-20230301.htm
  HTML page:      https://secwatch.observer/filing/0001784567-23-000019

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