Form 8-K - Current report
27 Dezember 2023 - 9:57PM
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): December 20, 2023
Harbor
Custom Development, Inc.
(Exact
name of registrant as specified in its charter)
Washington |
|
001-39266 |
|
46-4827436 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
1201
Pacific Avenue, Suite 1200
Tacoma,
WA 98402
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code (253) 649-0636
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class |
|
Trading
Symbol(s) |
|
Name
of Each Exchange on Which Registered |
Common
Stock |
|
HCDI* |
|
The
Nasdaq Stock Market LLC |
8%
Series A Cumulative Convertible Preferred Stock |
|
HCDIP* |
|
The
Nasdaq Stock Market LLC |
Warrants |
|
HCDIW* |
|
The
Nasdaq Stock Market LLC |
Warrants |
|
HCDIZ* |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
*
As of the date of this filing, Form 25-NSE to remove our securities from being listed on Nasdaq has not yet been filed with the Commission.
Item
8.01. Other Events
Delisting
from Nasdaq
As
previously disclosed in the Company’s Current Report on Form 8-K filed with the Commission on December 15, 2023, on December 12,
2023, the Company received a written notification (the “Staff Delisting Determination”) from the Listing Qualifications Department
of the NASDAQ Stock Market LLC (“Nasdaq”) notifying the Company that unless it appealed Nasdaq’s delisting determination,
(i) Nasdaq would suspend trading of the Company’s common stock, preferred stock, and warrants (HCDI, HCDIP, HCDIW, and HCDIZ) at
the opening of trading on December 21, 2023 and (ii) Nasdaq would schedule the Company’s securities for delisting and file a Form
25-NSE with the Commission in order to remove such securities from being listed on Nasdaq. Due to the Company’s ongoing Bankruptcy
Petition for reorganization under Chapter 11 of the United States Bankruptcy Code, the Company decided not to file an appeal before a
Nasdaq Hearings Panel. As a result, the Company’s securities were suspended from trading on Nasdaq at the opening of trading on
December 21, 2023.
On
December 20, 2023, the Company received a notice from FINRA’s Department of Market Operations (the “FINRA Notice”)
informing the Company that the trading symbols HCDIQ, HCDPQ, HCDWQ, and HCDZQ have been assigned to the Company’s common stock,
preferred stock, and warrants, respectively, and that as of December 21, 2023, the Company’s aforementioned securities would
be quoted and traded in the market for unlisted securities (i.e., the “over-the-counter market”). As a result, trading of
such securities commenced on OTC Pink Current Information on December 21, 2023 under the trading symbols HCDIQ, HCDPQ, HCDWQ, and HCDZQ.
Additional
Information on the Chapter 11 Cases
Court
filings and information about the Case, including the Order, can be found at https://cases.creditorinfo.com/hcdi. The documents and other
information available via website or elsewhere are not part of this Current Report and shall not be deemed incorporated herein.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
Harbor
Custom Development, Inc. |
|
|
|
Date:
December 27, 2023 |
By: |
/s/
Jeff Habersetzer |
|
|
Jeff
Habersetzer |
|
|
Interim
Chief Executive Officer and Interim President |
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