LuxUrban Hotels (LUXH) Prices Public Offering of Securities

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Go back to LuxUrban Hotels (LUXH) Prices Public Offering of Securities

LuxUrban Hotels Announces Pricing of Public Offering of Securities

May 21, 2024 7:31 AM EDT

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 the pricing of its public offering of 30,500,000 shares of common stock at a price of $0.25 per share. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 4,575,000 shares of common stock at the offering price. Roth Capital Partners is acting as sole book-running manager for the... More