Harbor Custom Development (HCDIQ) has released an update.
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Amid its Chapter 11 bankruptcy proceedings, a company’s securities have been suspended by Nasdaq and now trade over-the-counter. The firm plans to submit a Chapter 11 plan for the voluntary liquidation of its assets, including a multi-family real estate portfolio, which is being managed for sale by Keen-Summit Capital Partners LLC, with sales subject to Bankruptcy Court approval. The company’s progress and case filings can be tracked through a dedicated website.
For further insights into HCDIQ stock, check out TipRanks’ Stock Analysis page.