HCDI......Even the RS'ers are still losing at this priceThis price is $0.28 pre-RS
Harbor Custom Development, Inc. Announces Reverse Stock Split
2023-03-03 10:00 ET - News Release
TACOMA, Wash, March 03, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative real estate company involved in all aspects of the land development cycle, today announced it will effect a 1-for-20 reverse stock split of its issued and outstanding shares of common stock (the “reverse split”). Harbor’s stockholders voted to authorize a reverse stock split in a range of 1-for-3 to 1-for-25 on February 17, 2023, and Harbor’s directors voted to authorize the exact ratio for the reverse split of 1-for-20 on February 27, 2023.
On March 6, 2023, the Company’s common stock will begin trading on a post-reverse split basis on the Nasdaq Capital Market under the existing symbol “HCDI.” The new CUSIP number for the common stock following the reverse split will be 41150T306.