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

September 8, 2020

Partner, Lynne Bolduc; Associate Attorney, Josephine Rachelle Aranda; and Corporate Transaction Coordinator, Kaylee Poynter of Fitzgerald Yap Kreditor LLP represented Harbor Custom Development, Inc. in its recent initial public offering (IPO).

On August 28, 2020, Harbor Custom Development announced the pricing of its initial public offering at $6 per share.  A total of 2,031,705 shares of common stock were sold for gross proceeds of $12.2 million.  The Company’s stock began trading on NASDAQ with the ticker symbol “HCDI” on August 28, 2020.  The IPO closed on September 1, 2020 with ThinkEquity and Aegis Capital acting as co-managing underwriters for the offering.

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 with plans of 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 the IPO process.  Managing an initial 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 administer such transactions.

Partner, Lynne Bolduc, possesses more than 25 years of experience as a California corporate and securities attorney.  Ms. Bolduc not only represents private businesses but also public companies and ventures that are interested in exploring an initial public offering.

The Harbor Custom Development initial public offering is Ms. Bolduc’s most recent achievement.  As the transaction was completed during the COVID-19 pandemic, Ms. Bolduc and her skilled team were required to innovate to complete the transaction.  With the support of Fitzgerald Yap Kreditor LLP Associate Attorney, Josephine Rachelle Aranda, and Corporate Transaction Coordinator, Kaylee Poynter, the firm succeeded in administering a successful initial public offering in an unprecedented environment.

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