 Gig Harbor, Washington, June 09, 2021 GLOBE NEWSWIRE -- Harbor Custom Development, Inc. Nasdaq: HCDI Harbor, Harbor Custom Homes, or the Company, an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced the pricing of its underwritten public offering the Offering of 1,200,000 shares of 8.0 Series A Cumulative Convertible Preferred Stock. Each share of 8.0 Series A Cumulative Convertible Preferred Stock will be accompanied by three warrants Warrants, each Warrant to purchase one share of Common Stock. Each share of Series A Cumulative Convertible Preferred Stock and accompanying three Warrants is being offered at a price of 25.00. The shares of Series A Preferred Stock and Warrants will be issued separately but can only be purchased together in this Offering. Harbor Custom Homes has granted the underwriters a 45-day option to purchase up to 180,000 additional Preferred Shares andor 540,000 additional Warrants solely to cover over-allotments, if any. 