Harbor Custom Development Inc. filed SEC Form 8-K: Other Events
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* As of the date of this filing, Form 25-NSE to remove our securities from being listed on Nasdaq has not yet been filed with the Commission.
Item 8.01. Other Events
Delisting from Nasdaq
As previously disclosed in the Company’s Current Report on Form 8-K filed with the Commission on December 15, 2023, on December 12, 2023, the Company received a written notification (the “Staff Delisting Determination”) from the Listing Qualifications Department of the NASDAQ Stock Market LLC (“Nasdaq”) notifying the Company that unless it appealed Nasdaq’s delisting determination, (i) Nasdaq would suspend trading of the Company’s common stock, preferred stock, and warrants (HCDI, HCDIP, HCDIW, and HCDIZ) at the opening of trading on December 21, 2023 and (ii) Nasdaq would schedule the Company’s securities for delisting and file a Form 25-NSE with the Commission in order to remove such securities from being listed on Nasdaq. Due to the Company’s ongoing Bankruptcy Petition for reorganization under Chapter 11 of the United States Bankruptcy Code, the Company decided not to file an appeal before a Nasdaq Hearings Panel. As a result, the Company’s securities were suspended from trading on Nasdaq at the opening of trading on December 21, 2023.
On December 20, 2023, the Company received a notice from FINRA’s Department of Market Operations (the “FINRA Notice”) informing the Company that the trading symbols HCDIQ, HCDPQ, HCDWQ, and HCDZQ have been assigned to the Company’s common stock, preferred stock, and warrants, respectively, and that as of December 21, 2023, the Company’s aforementioned securities would be quoted and traded in the market for unlisted securities (i.e., the “over-the-counter market”). As a result, trading of such securities commenced on OTC Pink Current Information on December 21, 2023 under the trading symbols HCDIQ, HCDPQ, HCDWQ, and HCDZQ.
Additional Information on the Chapter 11 Cases
Court filings and information about the Case, including the Order, 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: December 27, 2023 | By: | /s/ Jeff Habersetzer |
| Jeff Habersetzer | ||
| Interim Chief Executive Officer and Interim President | ||