LuxUrban Hotels Announces Agreement in Principle to Issue Up to $5.0 Million Senior Notes Due 2027
LuxUrban Hotels Inc. (LUXH)
Company Research
Source: GlobeNewswire
MIAMI, July 29, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today announced that it has reached an agreement in principle with certain accredited investors to sell up to $5.0 million aggregate principal amount of new senior notes due 2027 (the "Notes") in a private offering exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The offering of the Notes is subject to the execution of definitive agreements. Subject to certain conditions, the Notes will be convertible into a newly created series of preferred stock. The Company estimates that the net proceeds from the Notes offering will be approximately $4.425 million after deducting the initial purchasers' discount and other transaction-rel
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LUXH
News
- LuxUrban Hotels Inc. Reports Second Quarter 2024 Financial ResultsGlobeNewswire
- LuxUrban Hotels to Host Webcast to Review the Financial Results for the Second Quarter of 2024GlobeNewswire
- LuxUrban Hotels Inc. Receives Nasdaq Listing Deficiency NoticeGlobeNewswire
- LuxUrban Hotels Closes First Tranche of Private Placement of Senior Secured Convertible Notes Due 2027 and Common Stock Purchase WarrantsGlobeNewswire
- LuxUrban Hotels Announces Agreement in Principle to Issue Up to $5.0 Million Senior Notes Due 2027 [Yahoo! Finance]Yahoo! Finance
LUXH
Earnings
- 5/13/24 - Miss
LUXH
Sec Filings
- 9/27/24 - Form PRE
- 9/26/24 - Form 8-K
- 9/25/24 - Form 10-Q
- LUXH's page on the SEC website