FitzGerald Yap Kreditor LLP Partner, Lynne Bolduc, and Team Facilitate $30 Million Preferred Public Offering for Harbor Custom Development, Inc.

June 15, 2021

Partner, Lynne Bolduc; Associate Attorney, Josephine Rachelle Aranda; and Corporate Transaction Coordinator, Kaylee Poynter of FitzGerald Yap Kreditor LLP (FYK) represented Harbor Custom Development, Inc. (NASDAQ: HCDI) in its recent upsized preferred public offering (PPO).  

On June 11, 2021, Harbor Custom Development closed on the sale of 1,200,000 shares of Series A Cumulative Convertible Preferred Stock at $25.00 per share with 4,140,000 attached Warrants to purchase shares of Common Stock for gross proceeds of $30 million. ThinkEquity was the underwriter of the PPO. The FYK team also represented Harbor Custom Development in its initial public offering (IPO) of $12.2 million which closed on September 1, 2020, and its follow-on public offering (FPO) of $27.6 million which closed on January 15 and 20, 2021.  The Company raised a total of nearly $70 million in its public offerings over the last year with the FYK team.

Harbor Custom Development is a real estate development company involved in all aspects of the land development cycle including land acquisition, entitlements, construction of project infrastructure, home building, marketing, sales, and management of various residential projects in Washington, California, and Texas and expanding throughout the U.S.

The securities attorneys at southern California law firm, FitzGerald Yap Kreditor LLP, assisted Harbor Custom Development with every stage of their public offerings and continues to represent the Company in its SEC reporting obligations and other securities matters. Managing a public offering is a complicated effort requiring specialized knowledge in a multitude of legal areas. With considerable experience in business and securities law, FitzGerald Yap Kreditor LLP is well equipped to facilitate such transactions.

Partner, Lynne Bolduc, possesses more than 26 years of experience as a California corporate and securities attorney. Ms. Bolduc not only represents public companies but also private companies and ventures that are interested in exploring a private or public offering.

Entrepreneurs and businesses who are considering a private or public offering are encouraged to contact Lynne Bolduc at (949) 788-8900 to explore their options.