FitzGerald Yap Kreditor LLP Partner, Lynne Bolduc, and Team Facilitate More Than $107.2 Million of Public Offerings for Harbor Custom Development, Inc.
October 12, 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, HCDIP, HCDIW, and HCDIZ) in its recent upsized follow-on preferred public offering.
On October 7, 2021, Harbor Custom Development closed on the sale of 2,400,000 shares of Series A Cumulative Convertible Preferred Stock at $15.00 per share and 13,800,000 Warrants to purchase shares of Common Stock for gross proceeds of $36 million. ThinkEquity LLC was the underwriter of this follow-on preferred public offering. The FYK team also represented Harbor Custom Development in its initial public offering (IPO) of $12.2 million which closed on September 1, 2020; its follow-on public offering of $27.6 million which closed on January 15 and 20, 2021; and its preferred public offering of $31.4 million which closed on June 11 and 30, 2021. The Company raised a total of over $107.2 million in its public offerings over the last 13 months 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, Texas, and Florida and expanding throughout the U.S. Harbor Custom Development is included in the Russell Microcap Index.
The securities attorneys at Southern California law firm, FitzGerald Kreditor Bolduc Risbrough 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 Kreditor Bolduc Risbrough 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.
