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 unsold securities from two previously effective registration statements. The original registration statements, filed on September 10, 2021, and October 4, 2021, under file numbers 333-259465 and 333-260040 respectively, were for the issuance of 2,400,000 shares of 8.0% Series A Cumulative Convertible Preferred Stock and warrants exercisable for up to 13,800,000 shares of common 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 related to these securities. The company has undertaken to remove from registration any unsold securities, effectively ending the sale and distribution of these securities under the specified registration statements. Jeffrey Habersetzer, the Interim Chief Executive Officer and President, signed the amendment on behalf of the company.