LuxUrban Hotels Announces Closing of Public Offering of Securities
LuxUrban Hotels Inc. (LUXH)
Company Research
Source: Business Wire
MIAMI--(BUSINESS WIRE)--LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, today announced that it closed its previously announced public offering of 35,075,000 shares of common stock, including the full exercise by the underwriters of their over-allotment option to purchase 4,575,000 shares of common stock, at a price of $0.25 per share.Roth Capital Partners acted as sole book-running manager for the offering. Alexander Capital, L.P. acted as the co-manager for the offering.The gross proceeds from the offering, before deducting the underwriters’ fees and other offering expenses payable by the Company, were approximately $8.8 million. The Company intends to use the proceeds from the offering for working capital and other general corporate purposes.All of the shares of common stock were offered by the Company pursuant to a
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LUXH
News
- LuxUrban Hotels Issues Letter to Shareholders from Chief Executive Officer Robert Arigo [Yahoo! Finance]Yahoo! Finance
- LuxUrban Hotels Issues Letter to Shareholders from Chief Executive Officer Robert ArigoGlobeNewswire
- LuxUrban Hotels Names Robert Arigo Chief Executive Officer [Yahoo! Finance]Yahoo! Finance
- LuxUrban Hotels Names Robert Arigo Chief Executive OfficerBusiness Wire
- LuxUrban Hotels Appoints Hotel Finance Executive Alexander Lombardo to Board of Directors [Yahoo! Finance]Yahoo! Finance
LUXH
Earnings
- 5/13/24 - Miss
LUXH
Sec Filings
- 6/20/24 - Form 8-K
- 6/17/24 - Form 8-K
- 6/17/24 - Form 4
- LUXH's page on the SEC website