Prospectus excerpt:  Harbor Custom Development, Inc. (“we,” “us,” or the “Company”) is offering on a firm commitment basis (this “Offering”) 1,200,000 shares of 8.0% Series A Cumulative Convertible Preferred Stock (the “Series A Preferred Shares”) and warrants (the “Warrants”) which are initially exercisable for up to an aggregate of 3,600,000 shares of our Common Stock, no par value per share (the “Common Stock”), including shares of Common Stock that are issuable upon exercise of the Warrants. Each Series A Preferred Share that we sell in this Offering will be accompanied by three Warrants to each purchase one share of Common Stock at an exercise price of $5.00 per share of Common Stock. Each Series A Preferred Share and three accompanying Warrants are being offered at a price of $25.00, for an aggregate amount of $30,000,000. The Series A Preferred Shares and Warrants will be issued separately but can only be purchased together for this Offering. Each Warrant is exercisable immediately and will expire on the five-year anniversary of the date of Issuance.