FitzGerald Yap Kreditor LLP Partner, Lynne Bolduc, and Team Facilitate Follow-On Public Offering for Harbor Custom Development, Inc.

February 16, 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 follow-on public offering (FPO).

On January 15 and 20, 2021, Harbor Custom Development closed on the sale of a total of 9,200,000 shares of common stock at $3.00 per share for gross proceeds of $27.6 million. ThinkEquity was the underwriter of the FPO. The FYK team also represented Harbor Custom Development in its initial public offering (IPO) of $12.2 million which closed on September 1, 2020, with ThinkEquity and Aegis Capital acting as co-managing underwriters for the IPO.  Harbor raised a total of nearly $40 million in its public offerings over the last few months.

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 Western Washington’s Puget Sound region 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 continue 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 25 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.

The Harbor Custom Development public offerings are Ms. Bolduc’s most recent achievement. As the transactions were completed during the COVID-19 pandemic, Ms. Bolduc and her skilled team were required to innovate to complete the transactions. With the support of FYK Associate Attorney, Josephine Rachelle Aranda, and Corporate Transaction Coordinator, Kaylee Poynter, the firm succeeded in administering successful public offerings in an unprecedented environment.

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

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