LuxUrban Hotels (LUXH) Announces Proposed Share Offering

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LuxUrban Hotels Launches Proposed Public Offering of Securities

July 11, 2024 5:48 PM EDT

MIAMI, July 11, 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 the launch of a proposed follow-on public offering of shares of its common stock and pre-funded warrants to purchase shares of common stock.

All of the shares of common stock and pre-funded warrants are being offered... More