Item 1.01. Entry into a Material Definitive Agreement
On
The shares of common stock were offered by the Company pursuant to registration
statements on Form S-1 (File Nos. 333-251946 and 333-252064), filed with the
The net proceeds to the Company from the Offering, after deducting the
underwriting discount and the Underwriter's fees and expenses were
Also under the terms of the Underwriting Agreement, the Company, upon closing of
the Offering, issued warrants to the Underwriter (the "Representative's
Warrants") to purchase an aggregate of 400,000 shares of common stock (5% of the
Firm Shares). The Representative's Warrants are exercisable at a per share price
of
The Underwriting Agreement contains customary representations and warranties that the parties made to, and solely for the benefit of, the other party in the context of all of the terms and conditions of that agreement and in the context of the specific relationship between the parties. The provisions of the Underwriting Agreement, including the representations and warranties contained therein, are not for the benefit of any party other than the parties to such agreements and are not intended as documents for the investors and the public to obtain factual information about the current state of affairs of the parties to those documents and agreements. Rather, investors and the public should look to other disclosures contained in the Company's filings with the Commission.
The foregoing summary of the terms of the Underwriting Agreement is subject to, and qualified in its entirety by reference to, a copy of the Underwriting Agreement that is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 8.01. Other Events.
On
Item 9.01 Financial Statements and Exhibit
(d) Exhibits.
The following exhibits are filed with this Current Report on Form 8-K:
Exhibit Number Description 1.1 Underwriting Agreement, datedJanuary 12, 2021 , by and betweenHarbor Custom Development, Inc. andThinkEquity , a division ofFordham Financial Management, Inc. 99.1 Press Release ofHarbor Custom Development, Inc. , datedJanuary 12, 2021 99.2 Press Release ofHarbor Custom Development, Inc. , datedJanuary 15, 2021
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