This company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsHarbor Custom Development（HCDP.Q）株式概要ハーバー・カスタム・ディベロップメント社は、ワシントン州、カリフォルニア州、テキサス州、フロリダ州で不動産開発会社として営業している。 詳細HCDP.Q ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績0/6財務の健全性1/6配当金0/6リスク分析キャッシュランウェイが1年未満である 過去1年間で株主の希薄化は大幅に進んだ 過去5年間で収益は年間78.7%減少しました。 US市場と比較して、過去 3 か月間の株価の変動が非常に大きい+1 さらなるリスクすべてのリスクチェックを見るHCDP.Q Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueUS$Current PriceUS$0.0016100.0% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-76m126m2016201920222025202620282031Revenue US$125.8mEarnings US$8.2mAdvancedSet Fair ValueView all narrativesHarbor Custom Development, Inc. 競合他社Dream Homes & DevelopmentSymbol: OTCPK:DREMMarket cap: US$655.6kBergio InternationalSymbol: OTCPK:BRGOMarket cap: US$2.9kLead Real EstateSymbol: NasdaqCM:LREMarket cap: US$17.9mBowFlexSymbol: OTCPK:BFXX.QMarket cap: US$3.6k価格と性能株価の高値、安値、推移の概要Harbor Custom Development過去の株価現在の株価US$0.001652週高値US$5.2752週安値US$0.0016ベータ-0.321ヶ月の変化-97.19%3ヶ月変化-99.48%1年変化-99.97%3年間の変化-99.99%5年間の変化n/aIPOからの変化-99.99%最新ニュースお知らせ • May 09Harbor Custom Development Files Form 15Harbor Custom Development, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended.お知らせ • May 03Motion for Asset Sale Filed by Harbor Custom Development, Inc.Harbor Custom Development, Inc. filed a motion in the US Bankruptcy Court for the sale of its certain assets on May 1, 2024. The debtor seeks the Court’s approval for the sale of its certain assets to Richmond American Homes of Washington, Inc., for a purchase price of $2.58 million in cash pursuant to the asset purchase agreement, dated April 22, 2024. The debtor’s assets include real property consisting of approximately 27.92 acres of land located in Blaine, Whatcom County, Washington. The sale hearing is scheduled for May 29, 2024. The proceeds from the sale would be used to pay costs of sale, to pay secured real property taxes, and the balance to the secured indebtedness to Fratelli’s LLC.お知らせ • Feb 22Nasdaq Files Form 25-NSE with SEC to Remove Securities of Harbor Custom DevelopmentAs previously disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission on December 27, 2023, due to the Bankruptcy Petition, other pending matters, and in accordance with Listing Rules 5101, 5110(b) and IM-5101-1, The Nasdaq Stock Market LLC suspended trading of Harbor Custom Development, Inc.'s securities on December 21, 2023. On December 21, 2023, the Company's securities began trading over the counter on the OTC Markets' Pink Current Information under the symbols HCDIQ," HCDPQ," HCDWQ," and HCDZQ." On February 15, 2024, Nasdaq filed a Form 25-NSE with the Commission which will remove all of the Company's securities from listing and registration on Nasdaq.お知らせ • Dec 21Harbor Custom Development, Inc.(OTCPK:HCDI.Q) dropped from NASDAQ Composite IndexHarbor Custom Development, Inc. has been dropped from Nasdaq Composite Index.お知らせ • Dec 16Nasdaq Determines Harbor Custom Development's Securities to be Delisted from The Nasdaq Stock MarketOn December 12, 2023, Harbor Custom Development, Inc. (the ‘Company’) received written notice from The Nasdaq Stock Market LLC (‘Nasdaq’) indicating that, following Nasdaq’s review of the Company’s press release related to the Bankruptcy Petition and other publicly available information, and in accordance with Listing Rules 5101, 5110(b) and IM-5101-1, Nasdaq has determined that the Company’s securities will be delisted from The Nasdaq Stock Market. Trading of the Company’s common stock (HCDI), preferred stock (HCDIP), and two classes of warrants (HCDIW and HCDIZ) will be suspended at the opening of trading on December 21, 2023 and a Form 25-NSE will be filed with the Securities and Exchange Commission (the ‘SEC’) which will remove those securities from listing and registration on The Nasdaq Stock Market. Nasdaq based its determination upon concerns related to (i) the Company’s announcement that the Company filed for protection under Chapter 11 of the United States Bankruptcy Code and associated public interest concerns raised by such filing, (ii) the residual equity interest of the existing listed securities holders, and (iii) the Company’s ability to sustain compliance with all requirements for continued listing on Nasdaq. Nasdaq also noted that the Company no longer complied with Nasdaq’s audit committee requirements as set forth in Listing Rule 5605, which cure period to regain compliance was until the earlier of the Company’s next annual shareholders’ meeting or September 18, 2024; or if such shareholders’ meeting was held before March 18, 2024, then the Company must evidence compliance no later than March 18, 2024. The Nasdaq notice also advises the Company of its right to request an appeal of the determination. The Company does not have plans to pursue an appeal.お知らせ • Dec 15Harbor Custom Development, Inc.(NasdaqCM:HCDI) dropped from S&P TMI IndexHarbor Custom Development, Inc.(NasdaqCM:HCDI) dropped from S&P TMI Index最新情報をもっと見るRecent updatesお知らせ • May 09Harbor Custom Development Files Form 15Harbor Custom Development, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended.お知らせ • May 03Motion for Asset Sale Filed by Harbor Custom Development, Inc.Harbor Custom Development, Inc. filed a motion in the US Bankruptcy Court for the sale of its certain assets on May 1, 2024. The debtor seeks the Court’s approval for the sale of its certain assets to Richmond American Homes of Washington, Inc., for a purchase price of $2.58 million in cash pursuant to the asset purchase agreement, dated April 22, 2024. The debtor’s assets include real property consisting of approximately 27.92 acres of land located in Blaine, Whatcom County, Washington. The sale hearing is scheduled for May 29, 2024. The proceeds from the sale would be used to pay costs of sale, to pay secured real property taxes, and the balance to the secured indebtedness to Fratelli’s LLC.お知らせ • Feb 22Nasdaq Files Form 25-NSE with SEC to Remove Securities of Harbor Custom DevelopmentAs previously disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission on December 27, 2023, due to the Bankruptcy Petition, other pending matters, and in accordance with Listing Rules 5101, 5110(b) and IM-5101-1, The Nasdaq Stock Market LLC suspended trading of Harbor Custom Development, Inc.'s securities on December 21, 2023. On December 21, 2023, the Company's securities began trading over the counter on the OTC Markets' Pink Current Information under the symbols HCDIQ," HCDPQ," HCDWQ," and HCDZQ." On February 15, 2024, Nasdaq filed a Form 25-NSE with the Commission which will remove all of the Company's securities from listing and registration on Nasdaq.お知らせ • Dec 21Harbor Custom Development, Inc.(OTCPK:HCDI.Q) dropped from NASDAQ Composite IndexHarbor Custom Development, Inc. has been dropped from Nasdaq Composite Index.お知らせ • Dec 16Nasdaq Determines Harbor Custom Development's Securities to be Delisted from The Nasdaq Stock MarketOn December 12, 2023, Harbor Custom Development, Inc. (the ‘Company’) received written notice from The Nasdaq Stock Market LLC (‘Nasdaq’) indicating that, following Nasdaq’s review of the Company’s press release related to the Bankruptcy Petition and other publicly available information, and in accordance with Listing Rules 5101, 5110(b) and IM-5101-1, Nasdaq has determined that the Company’s securities will be delisted from The Nasdaq Stock Market. Trading of the Company’s common stock (HCDI), preferred stock (HCDIP), and two classes of warrants (HCDIW and HCDIZ) will be suspended at the opening of trading on December 21, 2023 and a Form 25-NSE will be filed with the Securities and Exchange Commission (the ‘SEC’) which will remove those securities from listing and registration on The Nasdaq Stock Market. Nasdaq based its determination upon concerns related to (i) the Company’s announcement that the Company filed for protection under Chapter 11 of the United States Bankruptcy Code and associated public interest concerns raised by such filing, (ii) the residual equity interest of the existing listed securities holders, and (iii) the Company’s ability to sustain compliance with all requirements for continued listing on Nasdaq. Nasdaq also noted that the Company no longer complied with Nasdaq’s audit committee requirements as set forth in Listing Rule 5605, which cure period to regain compliance was until the earlier of the Company’s next annual shareholders’ meeting or September 18, 2024; or if such shareholders’ meeting was held before March 18, 2024, then the Company must evidence compliance no later than March 18, 2024. The Nasdaq notice also advises the Company of its right to request an appeal of the determination. The Company does not have plans to pursue an appeal.お知らせ • Dec 15Harbor Custom Development, Inc.(NasdaqCM:HCDI) dropped from S&P TMI IndexHarbor Custom Development, Inc.(NasdaqCM:HCDI) dropped from S&P TMI Indexお知らせ • Dec 12+ 1 more updateMotion for Joint Administration Filed by Harbor Custom Development, Inc.Harbor Custom Development, Inc., along with its affiliates, filed a motion for joint administration of their Chapter 11 bankruptcy cases in the US Bankruptcy Court on December 11, 2023. As per the motion, the debtor seeks the joint administration of the cases of its affiliates, Belfair Apartments, LLC, HCDI at Semiahmoo LLC, Beacon Studio Farms LLC, HCDI Bridge View, LLC, HCDI FL Condo LLC, and Pacific Ridge CMS, LLC, with its own case for administrative and procedural purposes. Harbor Custom Development, Inc. has been proposed as the lead debtor.お知らせ • Nov 15Harbor Custom Development, Inc. Contemplates Bankruptcy.Harbor Custom Development, Inc. is contemplating filing for bankruptcy as of November 14, 2023. According to company's SEC filing, the Company failed to maintain compliance with certain financial covenants within its loan agreements requiring loan amendment or covenant waivers; it has no borrowing availability under its revolving credit facility; it has significant debt of $ 116.7 million maturing over the next 12 months as of September 30, 2023; it had significant uses of cash flows from operations over the past two years; it had a $ 16.9 million net loss during the year ended December 31, 2022, an $ 18.3 million net loss for the third quarter of 2023, and a net loss of $ 27.5 million for the nine months ended September 30, 2023; and the real estate and construction industries are experiencing declining market conditions which have negatively impacted property valuations as well as financing capabilities and terms.お知らせ • Sep 23+ 1 more updateHarbor Custom Development Receives Non-Compliance Notice From NasdaqOn September 22, 2023, Harbor Custom Development, Inc. received a notice (the “Notice”) from The Nasdaq Stock Market LLC (the “Nasdaq”) stating that, as a result of Mr. Walker’s resignation from the Board and the Audit Committee of the Board, the Company is no longer in compliance with Nasdaq Listing Rule 5605. The Notice indicates that, consistent with Nasdaq Listing Rule 5605(c)(4), Nasdaq will provide the Company a cure period in order to regain compliance until the earlier of the Company’s next annual meeting of stockholders (assuming the meeting is held before March 18, 2024) or September 18, 2024. In the event the Company does not regain compliance prior to the expiration of the applicable cure period, the Nasdaq Listing Rules require the Nasdaq’s Staff to provide written notification to the Company that its securities will be delisted. At that time, the Company may appeal the delisting determination to a Hearings Panel. The Notice has no immediate effect on the Company’s Nasdaq listing and its common stock will continue to be listed.お知らせ • Aug 03Harbor Custom Development, Inc. to Report Q2, 2023 Results on Aug 14, 2023Harbor Custom Development, Inc. announced that they will report Q2, 2023 results on Aug 14, 2023お知らせ • Jul 21Harbor Custom Development, Inc. Promotes New Leadership TeamHarbor Custom Development, Inc. announced the internal promotion of four of the Companys leadership team, including Yoshi Niino, Kyla Sawtell, Mark Long, and Jennifer Lang. Yoshi Niino, Harbors Director of Accounting since 2022, was promoted to Chief Accounting Officer. Mr. Niino oversees accounting, SEC reporting, and tax for the Company. Mr. Niino has been essential in building the public company accounting, reporting, and internal control infrastructure. Mr. Niino has been a Certified Public Accountant since 2009. Ms. Sawtell, who served as the Companys Senior Director of Operations, was promoted to Vice President of Operations. Ms. Sawtell has 15 years of experience in the real estate, property management, and banking industries. Ms. Sawtell started with Harbor in 2021 and has been instrumental in developing the due diligence, budgeting, and purchasing procedures. Mark Long, Harbors Senior Director of Acquisitions and Construction, was promoted to Vice President of Development and Construction. With extensive experience in multi-family development, Mr. Long is involved in all aspects of the acquisitions and construction process. Mr. Long started with Harbor in 2021 and is essential to sourcing and assessing the Companys future pipeline of projects. Mr. Long is a registered architect in the state of Washington and New York. Jennifer Lang, who served as the Companys Director of Marketing, was promoted to Vice President of Marketing. Ms. Lang has 15 years of diverse marketing experience in the real estate, land development, residential construction, and publishing industries. Ms. Lang started with Harbor in 2021 as a consultant and has been significant in developing the Companys investor, media, and public relations to increase Harbors national brand awareness.お知らせ • Jul 14Harbor Custom Development, Inc. Approves the Appointment of D. David Chandler as DirectorHarbor Custom Development, Inc. at the AGM held on July 12, 2023, approved the appointment of D. David Chandler as Director.お知らせ • Jun 29Harbor Custom Development, Inc. Announces Executive Changes, Effective July 21, 2023On June 20, 2023, Lance Brown, principal financial officer, and principal accounting officer of Harbor Custom Development, Inc. notified the company of his decision to resign, effective at the close of business on July 21, 2023. Effective July 21, 2023 and until a successor has been identified, the company expects to promote Yoshi Niino to the position of Chief Accounting Officer. Upon assuming this role, he will also assume the duties of the company’s principal financial officer and principal accounting officer for Securities and Exchange Commission reporting purposes, until such time as it complete search process for a Chief Financial Officer. Mr. Niino joined the company in February 2022, and currently serves as the company’s Director of Accounting. Previously to joining the Company, Mr. Niino served as Senior Internal Audit Manager for Weyerhaeuser. Mr. Niino was also previously an Audit Manager at Deloitte. Mr. Niino is a Certified Public Accountant and graduated from the University of Washington with a B.A. in Economics and Business Administration, Accounting.お知らせ • Jun 27Harbor Custom Development, Inc. Announces Change in Executive Leadership, Effective July 21, 2023Harbor Custom Development, Inc. announced Lance Brown, Chief Financial Officer, will be resigning from the Company, effective July 21, 2023. Mr. Brown’s decision to resign does not relate to any disagreement with the Company’s management, the Board of Directors of the Company, or the Company’s independent auditors regarding any matter pertaining to the Company’s operations, accounting practices, financial disclosures, internal controls, policies, or practices. The Company has initiated a search for a new Chief Financial Officer to fill this position. The Company expects to promote Yoshi Niino, Harbor’s Director of Accounting since February 2022, to Chief Accounting Officer effective July 21, 2023. Upon assuming this role, Mr. Niino will execute the duties of the Company’s principal financial officer and principal accounting officer for Securities and Exchange Commission reporting purposes until the Company hires a new CFO. Prior to joining Harbor, Mr. Niino served as Senior Internal Audit Manager for Weyerhaeuser. Mr. Niino was also previously an Audit Manager at Deloitte. Mr. Niino is a Certified Public Accountant who graduated from the University of Washington with a B.A. in Economics and Business Administration, Accounting.お知らせ • Jun 21Kitsap Community Resources acquired Mills Crossing townhomes in Bremerton from Harbor Custom Development, Inc. (NasdaqCM:HCDI) for $14.25 million.Kitsap Community Resources acquired Mills Crossing townhomes in Bremerton from Harbor Custom Development, Inc. (NasdaqCM:HCDI) for $14.25 million on June 20, 2023. Kitsap Community Resources completed the acquisition of Mills Crossing townhomes in Bremerton from Harbor Custom Development, Inc. (NasdaqCM:HCDI) on June 20, 2023.New Risk • Jun 09New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 99% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$98m free cash flow). Earnings have declined by 68% per year over the past 5 years. Shareholders have been substantially diluted in the past year (99% increase in shares outstanding). Market cap is less than US$10m (US$5.43m market cap). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change).お知らせ • May 31Harbor Custom Development, Inc., Annual General Meeting, Jul 12, 2023Harbor Custom Development, Inc., Annual General Meeting, Jul 12, 2023, at 10:00 Pacific Standard Time. Agenda: To consider and elect six directors to hold office until next AGM and until their successors are elected and qualified; To consider and discuss the appointment of Rosenberg Rich Baker Berman P.A. as independent registered public accounting firm; to consider and approve the compensation of our named executives officers during the fiscal year ended December 31, 2023; and to discuss other business matters.お知らせ • May 18Harbor Custom Development, Inc. has completed a Follow-on Equity Offering.Harbor Custom Development, Inc. has completed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Securities Offered: 1,951,218 Price\Range: $5.125 Discount Per Security: $0.3353 Security Name: Pre-Funded Warrants Security Type: Equity Warrant Securities Offered: 1,951,218 Security Name: Warrants Security Type: Equity Warrant Securities Offered: 1,951,218お知らせ • May 12+ 1 more updateHarbor Custom Development, Inc. Announces Management ChangesHarbor Custom Development, Inc. announced that Sterling Griffin, President and Chairman of the Board of Directors, will be retiring from all roles with the Company effective July 12, 2023. Mr. Griffin will serve as a non-executive strategic advisor through January 12, 2025. Jeff Habersetzer, who serves as Harbor’s Chief Operating Officer, General Counsel and Corporate Secretary, is expected to be named Interim President effective July 12, 2023. Mr. Habersetzer brings an extensive background in the real estate industry and previously owned a legal practice specializing in real estate and corporate law. In connection with the transition, the Company expects to appoint Lance Brown, Harbor’s Chief Financial Officer, to an expanded role as Interim Chief Operating Officer. Mr. Brown will maintain his current role as Chief Financial Officer and facilitate a smooth transition and continuity of operational leadership.お知らせ • May 05Harbor Custom Development, Inc. to Report Q1, 2023 Results on May 15, 2023Harbor Custom Development, Inc. announced that they will report Q1, 2023 results at 12:30 PM, US Eastern Standard Time on May 15, 2023株主還元HCDP.QUS Consumer DurablesUS 市場7D0%-0.3%3.2%1Y-100.0%14.3%31.0%株主還元を見る業界別リターン: HCDP.Q過去 1 年間で14.3 % の収益を上げたUS Consumer Durables業界を下回りました。リターン対市場: HCDP.Qは、過去 1 年間で31 % のリターンを上げたUS市場を下回りました。価格変動Is HCDP.Q's price volatile compared to industry and market?HCDP.Q volatilityHCDP.Q Average Weekly Movement76.1%Consumer Durables Industry Average Movement6.9%Market Average Movement7.1%10% most volatile stocks in US Market16.1%10% least volatile stocks in US Market3.2%安定した株価: HCDP.Qの株価は、 US市場と比較して過去 3 か月間で変動しています。時間の経過による変動: HCDP.Qの 週次ボラティリティ は、過去 1 年間で35%から76%に増加しました。会社概要設立従業員CEO（最高経営責任者ウェブサイト20148Jeff Habersetzerwww.harborcustomdev.comハーバー・カスタム・ディベロップメント社は、ワシントン州、カリフォルニア州、テキサス州、フロリダ州で不動産開発会社として事業を展開している。同社は、土地の取得、権利取得、開発、プロジェクト・インフラの建設、一戸建てと集合住宅の垂直建設、様々な住宅プロジェクトのマーケティングと販売を含む土地開発サイクルに携わっている。また、住宅用地、住宅コミュニティ、タウンホーム、複数階建てアパートなどのプロジェクトも手がけている。同社は以前Harbor Custom Homes, Inc.として知られていたが、2019年8月に社名をHarbor Custom Development, Inc.に変更した。Harbor Custom Development, Inc.は2014年に法人化され、ワシントン州タコマに本社を置いている。2023年12月11日、Harbor Custom Development, Inc.はその関連会社とともに、ワシントン州西部地区連邦破産裁判所に連邦破産法第11条に基づく任意整理を申請した。もっと見るHarbor Custom Development, Inc. 基礎のまとめHarbor Custom Development の収益と売上を時価総額と比較するとどうか。HCDP.Q 基礎統計学時価総額US$268.00収益（TTM）-US$76.23m売上高(TTM)US$59.26m0.0xP/Sレシオ0.0xPER（株価収益率HCDP.Q は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計HCDP.Q 損益計算書（TTM）収益US$59.26m売上原価US$61.87m売上総利益-US$2.61mその他の費用US$73.62m収益-US$76.23m直近の収益報告Dec 31, 2023次回決算日該当なし一株当たり利益（EPS）-28.38グロス・マージン-4.40%純利益率-128.65%有利子負債／自己資本比率1,651.7%HCDP.Q の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2024/08/01 16:14終値2024/08/01 00:00収益2023/12/31年間収益2023/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Harbor Custom Development, Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Ashok KumarThinkEquity LLCThomas KerrZacks Small-Cap Research
お知らせ • May 09Harbor Custom Development Files Form 15Harbor Custom Development, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended.
お知らせ • May 03Motion for Asset Sale Filed by Harbor Custom Development, Inc.Harbor Custom Development, Inc. filed a motion in the US Bankruptcy Court for the sale of its certain assets on May 1, 2024. The debtor seeks the Court’s approval for the sale of its certain assets to Richmond American Homes of Washington, Inc., for a purchase price of $2.58 million in cash pursuant to the asset purchase agreement, dated April 22, 2024. The debtor’s assets include real property consisting of approximately 27.92 acres of land located in Blaine, Whatcom County, Washington. The sale hearing is scheduled for May 29, 2024. The proceeds from the sale would be used to pay costs of sale, to pay secured real property taxes, and the balance to the secured indebtedness to Fratelli’s LLC.
お知らせ • Feb 22Nasdaq Files Form 25-NSE with SEC to Remove Securities of Harbor Custom DevelopmentAs previously disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission on December 27, 2023, due to the Bankruptcy Petition, other pending matters, and in accordance with Listing Rules 5101, 5110(b) and IM-5101-1, The Nasdaq Stock Market LLC suspended trading of Harbor Custom Development, Inc.'s securities on December 21, 2023. On December 21, 2023, the Company's securities began trading over the counter on the OTC Markets' Pink Current Information under the symbols HCDIQ," HCDPQ," HCDWQ," and HCDZQ." On February 15, 2024, Nasdaq filed a Form 25-NSE with the Commission which will remove all of the Company's securities from listing and registration on Nasdaq.
お知らせ • Dec 21Harbor Custom Development, Inc.(OTCPK:HCDI.Q) dropped from NASDAQ Composite IndexHarbor Custom Development, Inc. has been dropped from Nasdaq Composite Index.
お知らせ • Dec 16Nasdaq Determines Harbor Custom Development's Securities to be Delisted from The Nasdaq Stock MarketOn December 12, 2023, Harbor Custom Development, Inc. (the ‘Company’) received written notice from The Nasdaq Stock Market LLC (‘Nasdaq’) indicating that, following Nasdaq’s review of the Company’s press release related to the Bankruptcy Petition and other publicly available information, and in accordance with Listing Rules 5101, 5110(b) and IM-5101-1, Nasdaq has determined that the Company’s securities will be delisted from The Nasdaq Stock Market. Trading of the Company’s common stock (HCDI), preferred stock (HCDIP), and two classes of warrants (HCDIW and HCDIZ) will be suspended at the opening of trading on December 21, 2023 and a Form 25-NSE will be filed with the Securities and Exchange Commission (the ‘SEC’) which will remove those securities from listing and registration on The Nasdaq Stock Market. Nasdaq based its determination upon concerns related to (i) the Company’s announcement that the Company filed for protection under Chapter 11 of the United States Bankruptcy Code and associated public interest concerns raised by such filing, (ii) the residual equity interest of the existing listed securities holders, and (iii) the Company’s ability to sustain compliance with all requirements for continued listing on Nasdaq. Nasdaq also noted that the Company no longer complied with Nasdaq’s audit committee requirements as set forth in Listing Rule 5605, which cure period to regain compliance was until the earlier of the Company’s next annual shareholders’ meeting or September 18, 2024; or if such shareholders’ meeting was held before March 18, 2024, then the Company must evidence compliance no later than March 18, 2024. The Nasdaq notice also advises the Company of its right to request an appeal of the determination. The Company does not have plans to pursue an appeal.
お知らせ • Dec 15Harbor Custom Development, Inc.(NasdaqCM:HCDI) dropped from S&P TMI IndexHarbor Custom Development, Inc.(NasdaqCM:HCDI) dropped from S&P TMI Index
お知らせ • May 09Harbor Custom Development Files Form 15Harbor Custom Development, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended.
お知らせ • May 03Motion for Asset Sale Filed by Harbor Custom Development, Inc.Harbor Custom Development, Inc. filed a motion in the US Bankruptcy Court for the sale of its certain assets on May 1, 2024. The debtor seeks the Court’s approval for the sale of its certain assets to Richmond American Homes of Washington, Inc., for a purchase price of $2.58 million in cash pursuant to the asset purchase agreement, dated April 22, 2024. The debtor’s assets include real property consisting of approximately 27.92 acres of land located in Blaine, Whatcom County, Washington. The sale hearing is scheduled for May 29, 2024. The proceeds from the sale would be used to pay costs of sale, to pay secured real property taxes, and the balance to the secured indebtedness to Fratelli’s LLC.
お知らせ • Feb 22Nasdaq Files Form 25-NSE with SEC to Remove Securities of Harbor Custom DevelopmentAs previously disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission on December 27, 2023, due to the Bankruptcy Petition, other pending matters, and in accordance with Listing Rules 5101, 5110(b) and IM-5101-1, The Nasdaq Stock Market LLC suspended trading of Harbor Custom Development, Inc.'s securities on December 21, 2023. On December 21, 2023, the Company's securities began trading over the counter on the OTC Markets' Pink Current Information under the symbols HCDIQ," HCDPQ," HCDWQ," and HCDZQ." On February 15, 2024, Nasdaq filed a Form 25-NSE with the Commission which will remove all of the Company's securities from listing and registration on Nasdaq.
お知らせ • Dec 21Harbor Custom Development, Inc.(OTCPK:HCDI.Q) dropped from NASDAQ Composite IndexHarbor Custom Development, Inc. has been dropped from Nasdaq Composite Index.
お知らせ • Dec 16Nasdaq Determines Harbor Custom Development's Securities to be Delisted from The Nasdaq Stock MarketOn December 12, 2023, Harbor Custom Development, Inc. (the ‘Company’) received written notice from The Nasdaq Stock Market LLC (‘Nasdaq’) indicating that, following Nasdaq’s review of the Company’s press release related to the Bankruptcy Petition and other publicly available information, and in accordance with Listing Rules 5101, 5110(b) and IM-5101-1, Nasdaq has determined that the Company’s securities will be delisted from The Nasdaq Stock Market. Trading of the Company’s common stock (HCDI), preferred stock (HCDIP), and two classes of warrants (HCDIW and HCDIZ) will be suspended at the opening of trading on December 21, 2023 and a Form 25-NSE will be filed with the Securities and Exchange Commission (the ‘SEC’) which will remove those securities from listing and registration on The Nasdaq Stock Market. Nasdaq based its determination upon concerns related to (i) the Company’s announcement that the Company filed for protection under Chapter 11 of the United States Bankruptcy Code and associated public interest concerns raised by such filing, (ii) the residual equity interest of the existing listed securities holders, and (iii) the Company’s ability to sustain compliance with all requirements for continued listing on Nasdaq. Nasdaq also noted that the Company no longer complied with Nasdaq’s audit committee requirements as set forth in Listing Rule 5605, which cure period to regain compliance was until the earlier of the Company’s next annual shareholders’ meeting or September 18, 2024; or if such shareholders’ meeting was held before March 18, 2024, then the Company must evidence compliance no later than March 18, 2024. The Nasdaq notice also advises the Company of its right to request an appeal of the determination. The Company does not have plans to pursue an appeal.
お知らせ • Dec 15Harbor Custom Development, Inc.(NasdaqCM:HCDI) dropped from S&P TMI IndexHarbor Custom Development, Inc.(NasdaqCM:HCDI) dropped from S&P TMI Index
お知らせ • Dec 12+ 1 more updateMotion for Joint Administration Filed by Harbor Custom Development, Inc.Harbor Custom Development, Inc., along with its affiliates, filed a motion for joint administration of their Chapter 11 bankruptcy cases in the US Bankruptcy Court on December 11, 2023. As per the motion, the debtor seeks the joint administration of the cases of its affiliates, Belfair Apartments, LLC, HCDI at Semiahmoo LLC, Beacon Studio Farms LLC, HCDI Bridge View, LLC, HCDI FL Condo LLC, and Pacific Ridge CMS, LLC, with its own case for administrative and procedural purposes. Harbor Custom Development, Inc. has been proposed as the lead debtor.
お知らせ • Nov 15Harbor Custom Development, Inc. Contemplates Bankruptcy.Harbor Custom Development, Inc. is contemplating filing for bankruptcy as of November 14, 2023. According to company's SEC filing, the Company failed to maintain compliance with certain financial covenants within its loan agreements requiring loan amendment or covenant waivers; it has no borrowing availability under its revolving credit facility; it has significant debt of $ 116.7 million maturing over the next 12 months as of September 30, 2023; it had significant uses of cash flows from operations over the past two years; it had a $ 16.9 million net loss during the year ended December 31, 2022, an $ 18.3 million net loss for the third quarter of 2023, and a net loss of $ 27.5 million for the nine months ended September 30, 2023; and the real estate and construction industries are experiencing declining market conditions which have negatively impacted property valuations as well as financing capabilities and terms.
お知らせ • Sep 23+ 1 more updateHarbor Custom Development Receives Non-Compliance Notice From NasdaqOn September 22, 2023, Harbor Custom Development, Inc. received a notice (the “Notice”) from The Nasdaq Stock Market LLC (the “Nasdaq”) stating that, as a result of Mr. Walker’s resignation from the Board and the Audit Committee of the Board, the Company is no longer in compliance with Nasdaq Listing Rule 5605. The Notice indicates that, consistent with Nasdaq Listing Rule 5605(c)(4), Nasdaq will provide the Company a cure period in order to regain compliance until the earlier of the Company’s next annual meeting of stockholders (assuming the meeting is held before March 18, 2024) or September 18, 2024. In the event the Company does not regain compliance prior to the expiration of the applicable cure period, the Nasdaq Listing Rules require the Nasdaq’s Staff to provide written notification to the Company that its securities will be delisted. At that time, the Company may appeal the delisting determination to a Hearings Panel. The Notice has no immediate effect on the Company’s Nasdaq listing and its common stock will continue to be listed.
お知らせ • Aug 03Harbor Custom Development, Inc. to Report Q2, 2023 Results on Aug 14, 2023Harbor Custom Development, Inc. announced that they will report Q2, 2023 results on Aug 14, 2023
お知らせ • Jul 21Harbor Custom Development, Inc. Promotes New Leadership TeamHarbor Custom Development, Inc. announced the internal promotion of four of the Companys leadership team, including Yoshi Niino, Kyla Sawtell, Mark Long, and Jennifer Lang. Yoshi Niino, Harbors Director of Accounting since 2022, was promoted to Chief Accounting Officer. Mr. Niino oversees accounting, SEC reporting, and tax for the Company. Mr. Niino has been essential in building the public company accounting, reporting, and internal control infrastructure. Mr. Niino has been a Certified Public Accountant since 2009. Ms. Sawtell, who served as the Companys Senior Director of Operations, was promoted to Vice President of Operations. Ms. Sawtell has 15 years of experience in the real estate, property management, and banking industries. Ms. Sawtell started with Harbor in 2021 and has been instrumental in developing the due diligence, budgeting, and purchasing procedures. Mark Long, Harbors Senior Director of Acquisitions and Construction, was promoted to Vice President of Development and Construction. With extensive experience in multi-family development, Mr. Long is involved in all aspects of the acquisitions and construction process. Mr. Long started with Harbor in 2021 and is essential to sourcing and assessing the Companys future pipeline of projects. Mr. Long is a registered architect in the state of Washington and New York. Jennifer Lang, who served as the Companys Director of Marketing, was promoted to Vice President of Marketing. Ms. Lang has 15 years of diverse marketing experience in the real estate, land development, residential construction, and publishing industries. Ms. Lang started with Harbor in 2021 as a consultant and has been significant in developing the Companys investor, media, and public relations to increase Harbors national brand awareness.
お知らせ • Jul 14Harbor Custom Development, Inc. Approves the Appointment of D. David Chandler as DirectorHarbor Custom Development, Inc. at the AGM held on July 12, 2023, approved the appointment of D. David Chandler as Director.
お知らせ • Jun 29Harbor Custom Development, Inc. Announces Executive Changes, Effective July 21, 2023On June 20, 2023, Lance Brown, principal financial officer, and principal accounting officer of Harbor Custom Development, Inc. notified the company of his decision to resign, effective at the close of business on July 21, 2023. Effective July 21, 2023 and until a successor has been identified, the company expects to promote Yoshi Niino to the position of Chief Accounting Officer. Upon assuming this role, he will also assume the duties of the company’s principal financial officer and principal accounting officer for Securities and Exchange Commission reporting purposes, until such time as it complete search process for a Chief Financial Officer. Mr. Niino joined the company in February 2022, and currently serves as the company’s Director of Accounting. Previously to joining the Company, Mr. Niino served as Senior Internal Audit Manager for Weyerhaeuser. Mr. Niino was also previously an Audit Manager at Deloitte. Mr. Niino is a Certified Public Accountant and graduated from the University of Washington with a B.A. in Economics and Business Administration, Accounting.
お知らせ • Jun 27Harbor Custom Development, Inc. Announces Change in Executive Leadership, Effective July 21, 2023Harbor Custom Development, Inc. announced Lance Brown, Chief Financial Officer, will be resigning from the Company, effective July 21, 2023. Mr. Brown’s decision to resign does not relate to any disagreement with the Company’s management, the Board of Directors of the Company, or the Company’s independent auditors regarding any matter pertaining to the Company’s operations, accounting practices, financial disclosures, internal controls, policies, or practices. The Company has initiated a search for a new Chief Financial Officer to fill this position. The Company expects to promote Yoshi Niino, Harbor’s Director of Accounting since February 2022, to Chief Accounting Officer effective July 21, 2023. Upon assuming this role, Mr. Niino will execute the duties of the Company’s principal financial officer and principal accounting officer for Securities and Exchange Commission reporting purposes until the Company hires a new CFO. Prior to joining Harbor, Mr. Niino served as Senior Internal Audit Manager for Weyerhaeuser. Mr. Niino was also previously an Audit Manager at Deloitte. Mr. Niino is a Certified Public Accountant who graduated from the University of Washington with a B.A. in Economics and Business Administration, Accounting.
お知らせ • Jun 21Kitsap Community Resources acquired Mills Crossing townhomes in Bremerton from Harbor Custom Development, Inc. (NasdaqCM:HCDI) for $14.25 million.Kitsap Community Resources acquired Mills Crossing townhomes in Bremerton from Harbor Custom Development, Inc. (NasdaqCM:HCDI) for $14.25 million on June 20, 2023. Kitsap Community Resources completed the acquisition of Mills Crossing townhomes in Bremerton from Harbor Custom Development, Inc. (NasdaqCM:HCDI) on June 20, 2023.
New Risk • Jun 09New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 99% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$98m free cash flow). Earnings have declined by 68% per year over the past 5 years. Shareholders have been substantially diluted in the past year (99% increase in shares outstanding). Market cap is less than US$10m (US$5.43m market cap). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change).
お知らせ • May 31Harbor Custom Development, Inc., Annual General Meeting, Jul 12, 2023Harbor Custom Development, Inc., Annual General Meeting, Jul 12, 2023, at 10:00 Pacific Standard Time. Agenda: To consider and elect six directors to hold office until next AGM and until their successors are elected and qualified; To consider and discuss the appointment of Rosenberg Rich Baker Berman P.A. as independent registered public accounting firm; to consider and approve the compensation of our named executives officers during the fiscal year ended December 31, 2023; and to discuss other business matters.
お知らせ • May 18Harbor Custom Development, Inc. has completed a Follow-on Equity Offering.Harbor Custom Development, Inc. has completed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Securities Offered: 1,951,218 Price\Range: $5.125 Discount Per Security: $0.3353 Security Name: Pre-Funded Warrants Security Type: Equity Warrant Securities Offered: 1,951,218 Security Name: Warrants Security Type: Equity Warrant Securities Offered: 1,951,218
お知らせ • May 12+ 1 more updateHarbor Custom Development, Inc. Announces Management ChangesHarbor Custom Development, Inc. announced that Sterling Griffin, President and Chairman of the Board of Directors, will be retiring from all roles with the Company effective July 12, 2023. Mr. Griffin will serve as a non-executive strategic advisor through January 12, 2025. Jeff Habersetzer, who serves as Harbor’s Chief Operating Officer, General Counsel and Corporate Secretary, is expected to be named Interim President effective July 12, 2023. Mr. Habersetzer brings an extensive background in the real estate industry and previously owned a legal practice specializing in real estate and corporate law. In connection with the transition, the Company expects to appoint Lance Brown, Harbor’s Chief Financial Officer, to an expanded role as Interim Chief Operating Officer. Mr. Brown will maintain his current role as Chief Financial Officer and facilitate a smooth transition and continuity of operational leadership.
お知らせ • May 05Harbor Custom Development, Inc. to Report Q1, 2023 Results on May 15, 2023Harbor Custom Development, Inc. announced that they will report Q1, 2023 results at 12:30 PM, US Eastern Standard Time on May 15, 2023
