Summary by Moomoo AI
Harbor Custom Development, Inc. has filed a post-effective amendment with the Securities and Exchange Commission (SEC) on April 22, 2024, to deregister securities that were previously registered. The original registration statements, filed on April 14, 2021, and June 9, 2021, were declared effective on June 8, 2021, and included 1,380,000 shares of 8.0% Series A Cumulative Convertible Preferred Stock, warrants to purchase up to 4,140,000 shares of common stock, and warrants to purchase up to 12,000 shares of Series A Preferred Stock. Following a voluntary Chapter 11 bankruptcy filing on December 11, 2023, by the company and certain subsidiaries, Harbor Custom Development is terminating all offerings of securities under these registration statements. The company has undertaken to remove from registration any unsold securities, effectively ending the sale and issuance of the securities listed in the registration statements.