Aegis Capital Corp. acted as Co-Manager on a $12.2 Million Initial Public Offering for Harbor Custom Development, Inc. (NASDAQ: HCDI)
Harbor Custom Development, Inc. completed a $12.2 million Initial Public Offering (IPO) with Aegis Capital Corp. acting as Co-Manager. Harbor specializes in real estate development across the Puget Sound region, focusing on residential communities in areas like Gig Harbor and Bremerton. Their strategy involves strategic land acquisitions and understanding regional growth patterns. This IPO represents a significant step for the company as it aims to expand its operations and market reach in a growing real estate landscape.
- Successfully raised $12.2 million through IPO, enhancing capital for future developments.
- Focus on strategic land acquisition in high-demand regions could lead to significant growth opportunities.
- Potential market dilution from new shares issued during the IPO.
- -
NEW YORK, NY / ACCESSWIRE / September 3, 2020 / Aegis Capital Corp. acted as Co-Manager on a
About Harbor Custom Development, Inc.
Headquartered in Gig Harbor, Washington, Harbor Custom Development, Inc. (Harbor) is a real estate development company involved in all aspects of the land development cycle including, land acquisition, entitlements, construction of project infrastructure, home building, marketing, sales, and management of various residential projects in Western Washington's Puget Sound region. Harbor has active or recently sold out residential communities in Gig Harbor, Bremerton, Silverdale, Bainbridge Island, and Allyn in the state of Washington. Harbor's business strategy is to acquire and develop land strategically, based on an understanding of population growth patterns, entitlement restrictions, infrastructure development, and geo-economic forces. Harbor focuses on real estate within target markets with convenient access to metropolitan areas that are generally characterized by diverse economic and employment bases and increasing populations. For more information on Harbor Custom Development, Inc., please visit website: https://harborcustomdev.com.
About Aegis Capital Corp.
Aegis Capital Corporation ("Aegis") has been in the wealth management and investment banking business since 1984. Aegis is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis also provides research and sales and trading services to institutional investors. Aegis offers its investment representatives a conflict free service platform and is able to provide a full-range of products and services.
For more information about this offering or Investment Banking Services please email InvestmentBanking@aegiscap.com or call (212) 813-1010
This communication has been prepared by Aegis Capital Corporation for distribution to Aegis Capital Corporation's clientele. This communication is not intended for public dissemination and the recipient is prohibited from sharing this information. This communication has been prepared for institutional - accounts, as defined within FINRA Rule 4512(c), who (1) are capable of evaluating investment risks independently, both in general and with regard to all transactions and investment strategies involving a security or securities; and (2) will exercise independent judgment in evaluating the recommendations of any broker - dealer or its associated persons. This communication is not a product of Aegis Capital Corporation Research Department. Aegis Capital Corporation., Member FINRA, SIPC.
SOURCE: Aegis Capital Corp.
View source version on accesswire.com:
https://www.accesswire.com/604678/Aegis-Capital-Corp-acted-as-Co-Manager-on-a-122-Million-Initial-Public-Offering-for-Harbor-Custom-Development-Inc-NASDAQ-HCDI
FAQ
What was the total amount raised in Harbor Custom Development's IPO?
Who acted as Co-Manager for Harbor Custom Development's IPO?
When was Harbor Custom Development's IPO announced?
What market does Harbor Custom Development operate in?
