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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): February 2, 2024
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.
*
The Company’s securities are currently traded on OTC Pink Current Information (OTC PK: HCDIQ; HCDPQ; HCDWQ; HCDZQ). However, as
of the date of this filing, a Form 25-NSE to remove the Company’s securities from being listed on The Nasdaq Stock Market LLC has
not yet been filed with the Commission.
Item
8.01. Other Events
As
previously reported, on December 11, 2023, Harbor Custom Development, Inc. and certain of its wholly owned subsidiaries (collectively,
the “Company”), filed a voluntary petition (the “Bankruptcy Petition”) for reorganization under Chapter 11 of
the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Western District
of Washington (such court, the “Bankruptcy Court” and such case, the “Case”). The Case is being jointly administered
under the caption In re Harbor Custom Development, Inc., et al., Case No. 23-42180-MJH.
On
February 2, 2024, the Company’s wholly owned subsidiary, Tanglewilde, LLC, also filed a Bankruptcy Petition for reorganization
under Chapter 11 of the Bankruptcy Code. Tanglewilde, LLC will be added into the Company’s pending Case.
The
other wholly owned subsidiaries of the Company that are already included in the Case as of the date of this Report are: Belfair Apartments,
LLC; Pacific Ridge CMS, LLC; HCDI FL Condo LLC; HCDI Bridgeview LLC; HCDI Semiahmoo LLC; and Beacon Studio Farms LLC.
Additional
Information on the Chapter 11 Cases
Court
filings and information about the Case, including the Bankruptcy Petition, 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:
February 8, 2024 |
By: |
/s/
Jeff Habersetzer |
|
|
Jeff
Habersetzer |
|
|
Interim
Chief Executive Officer and Interim President |
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