• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    LuxUrban Hotels Inc. Announces Reverse Stock Split and Nasdaq Compliance Approval

    11/15/24 4:30:00 PM ET
    $LUXH
    Real Estate
    Finance
    Get the next $LUXH alert in real time by email

    MIAMI, Nov. 15, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (NASDAQ:LUXH), a hospitality company that leases entire hotels on a long-term basis, manages these hotels, and rents out rooms to guests in the properties it leases, today announced that it will effectuate a one-for-seventy (1:70) reverse stock split of its common stock. This reverse stock split was approved by stockholders at the special meeting held on November 12, 2024, and will be effective at the opening of trading on November 20, 2024.

    The reverse stock split is part of LuxUrban Hotels' strategy to strengthen its position within the Nasdaq Capital Markets, improve the stock's trading profile, and position the company for future growth and expansion opportunities. Following the reverse split, the number of shares of common stock issued and outstanding will be reduced from approximately 151.85 million to approximately 2.17 million shares.

    In addition, stockholders approved a proposal to waive the 19.99% share limitation under Nasdaq Rule 5635(d), allowing the company to issue additional shares of common stock upon the conversion of certain convertible promissory notes and the exercise of outstanding warrants. This approval enables LuxUrban to maintain its compliance with Nasdaq listing standards while maximizing the flexibility of its financing arrangements.

    Key details of the reverse stock split include:

    • Ratio: 1-for-70, meaning stockholders will receive one share for every 70 shares held.
    • Effective Date: November 20, 2024, at the market open.
    • CUSIP: The new CUSIP number for the post-split common stock will be 21985R303.

    The trading symbol for LuxUrban's common stock on the Nasdaq Capital Market will remain "LUXH." Stockholders who would own a fraction of a share as a result of the reverse stock split will instead receive cash in lieu of a fractional share.

    Michael James, Chief Financial Officer of LuxUrban Hotels, commented: "The approval of the reverse stock split and Nasdaq compliance proposal marks a significant step in our ongoing efforts to drive shareholder value. We appreciate the support of our stockholders and remain committed to our vision of becoming a leader in the urban lodging market."

    For additional details on the reverse stock split, please refer to the company's definitive proxy statement filed with the U.S. Securities and Exchange Commission on October 29, 2024, and the related 8-K filing dated November 15, 2024.

    LuxUrban Hotels Inc.

    LuxUrban Hotels Inc. secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) and rents out, on a short-term basis, hotel rooms to business and vacation travelers. The Company is strategically building a portfolio of hotel properties in destination cities by capitalizing on the dislocation in commercial real estate markets and the large amount of debt maturity obligations on those assets coming due with a lack of available options for owners of those assets. LuxUrban's MLA allows owners to hold onto their assets and retain their equity value while LuxUrban operates and owns the cash flows of the operating business for the life of the MLA. 

    Forward-Looking Statements

    This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). The statements contained in this release that are not purely historical are forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Generally, the words "anticipates," "believes," "continues," "could," "estimates," "expects," "intends," "may," "might," "plans," "possible," "potential," "predicts," "projects," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this release may include, for example, statements with respect to the Company's ability to successfully de-platform its properties from its former franchise partner and operate independently, its ability to improve its working capital and cash flow profiles, enhance its balance sheet and deliver organic revenue growth, scheduled property openings, expected closing of noted lease transactions, the Company's ability to continue closing on additional leases for properties in the Company's pipeline, as well the Company's anticipated ability to commercialize efficiently and profitably the properties it leases and will lease in the future. The forward-looking statements contained in this release are based on current expectations and belief concerning future developments and their potential effect on the Company. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements are subject to a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results of performance to be materially different from those expressed or implied by these forward-looking statements, including those set forth under the caption "Risk Factors" in our public filings with the SEC, including in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on April 15, 2024, and any updates to those factors as set forth in subsequent Quarterly Reports on Form 10-Q or other public filings with the SEC, the base prospectus comprising part of the Registration Statement and when filed, the prospectus supplement filed with respect thereto. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

    Contact:

    Management:

    Robert Arigo

    (833) 723-7368

    Investor Relations:

    Jeff Ramson

    New York, NY 10001

    T: 646-863-6893

    [email protected]



    Primary Logo

    Get the next $LUXH alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $LUXH

    DatePrice TargetRatingAnalyst
    5/6/2024Outperform → Market Perform
    Northland Capital
    More analyst ratings

    $LUXH
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • LuxUrban Hotels downgraded by Northland Capital

      Northland Capital downgraded LuxUrban Hotels from Outperform to Market Perform

      5/6/24 9:01:34 AM ET
      $LUXH
      Real Estate
      Finance

    $LUXH
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • LuxUrban Hotels Inc. Announces Timing of Regular Monthly Dividend for January 2025 for Series A Cumulative Redeemable Preferred Stock

      MIAMI, Feb. 07, 2025 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (OTC:LUXH, LUXHP)), 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 timing for the payment of its declared regular monthly dividend of $0.2708333 per share of its 13.00% Series A Cumulative Redeemable Preferred Stock for January 2025. The dividend will be payable on February 28, 2025, to holders of record as of February 15, 2025. The dividend will be paid in cash. ABOUT LUXURBAN HOTELS INC. LuxUrban Hotels Inc. secures long-term operating rights fo

      2/7/25 9:33:40 AM ET
      $LUXH
      Real Estate
      Finance
    • LuxUrban Hotels Strategically Transitions to OTC Market to Accelerate Growth and Profitability

      Significant Cost Savings Drive Strategic Investments: Transition to OTC reduces compliance costs, freeing capital to expand hotel asset ownership and fuel growth.Sharpened Focus on Core Business Execution: Streamlined operations enable LuxUrban to optimize properties and enhance guest experiences.Asset Acquisition Strategy to Boost Profitability: Targeted hotel acquisitions aim to strengthen market presence and improve profit margins.Achieves Positive Operational Cash Flow: December 2024 marks a milestone as LuxUrban reaches cash flow positivity, advancing its path to full profitability in 2025.Positioned for Future Uplisting: Strategic realignment sets the foundation for operational efficie

      1/16/25 2:06:43 PM ET
      $LUXH
      Real Estate
      Finance
    • LuxUrban Issues Corporate update and 2025 Revenue Guidance of $62–$67 million

      •  Streamlined Operations and NYC Focus Set the Stage for 2025 Growth •  RevPAR Gains and Optimized Portfolio Highlight Operational Momentum MIAMI, Jan. 15, 2025 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (NASDAQ:LUXH), a hospitality company that leases entire hotels on a long-term basis, manages these hotels, and rents out rooms to guests in the properties it leases, today provided a comprehensive corporate update, highlighting recent business achievements and sharing its 2025 revenue guidance and strategic milestones. It has been a transformative year for LuxUrban Hotels, Inc., marked by substantial progress in improving the business, streamlining operations, and building a strong founda

      1/15/25 8:02:19 AM ET
      $LUXH
      Real Estate
      Finance

    $LUXH
    Leadership Updates

    Live Leadership Updates

    See more
    • LuxUrban Hotels Appoints Patrick McNamee to Board of Directors

      MIAMI, June 27, 2024 (GLOBE NEWSWIRE) -- 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 appointment of Patrick McNamee as an independent member of the Company's Board of Directors ("Board"), effective June 27, 2024. The Company also announced that Brian Ferdinand has resigned from the Board. Mr. McNamee is a seasoned and accomplished business leader who brings more than 30 years of experience as a public company executive, investor, and board member. He will serve as Chair of LuxUrban's Compensation Committe

      6/27/24 4:15:19 PM ET
      $LUXH
      Real Estate
      Finance
    • LuxUrban Hotels Appoints Hotel Finance Executive Alexander Lombardo to Board of Directors

      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 appointment of Alexander (Alex) Lombardo as an independent member of the Company's Board of Directors, effective June 4, 2024. Mr. Lombardo has more than 20 years of experience in the areas of corporate finance and accounting, project finance, development, construction, and management for both private and public companies. He will serve on LuxUrban's Audit and Finance, Risk and Investment Committees, as well as the Company's recently formed Special Committee to

      6/6/24 4:15:00 PM ET
      $LUXH
      Real Estate
      Finance
    • LuxUrban Hotels Appoints Michael James Chief Financial Officer

      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 appointment of Michael James as Chief Financial Officer, effective June 4, 2024. Mr. James succeeds Shanoop Kothari, the Company's current Chief Executive Officer and former Acting Chief Financial Officer. Mr. James brings more than four decades of experience as a financial and operating executive, board member, and investor to his new role. He has advised and led financial strategy and operations for companies across industries and at various stages of growth.

      6/6/24 8:15:00 AM ET
      $LUXH
      Real Estate
      Finance

    $LUXH
    Financials

    Live finance-specific insights

    See more
    • LuxUrban Hotels Inc. Announces Timing of Regular Monthly Dividend for January 2025 for Series A Cumulative Redeemable Preferred Stock

      MIAMI, Feb. 07, 2025 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (OTC:LUXH, LUXHP)), 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 timing for the payment of its declared regular monthly dividend of $0.2708333 per share of its 13.00% Series A Cumulative Redeemable Preferred Stock for January 2025. The dividend will be payable on February 28, 2025, to holders of record as of February 15, 2025. The dividend will be paid in cash. ABOUT LUXURBAN HOTELS INC. LuxUrban Hotels Inc. secures long-term operating rights fo

      2/7/25 9:33:40 AM ET
      $LUXH
      Real Estate
      Finance
    • LuxUrban Hotels Inc. Reports Third Quarter 2024 Financial Results

      MIAMI, Nov. 20, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (NASDAQ:LUXH), a hospitality company that leases entire hotels on a long-term basis, manages these hotels, and rents out rooms to guests in the properties it leases, today announced its financial results for the third quarter ended September 30, 2024 ("Q3 2024"). The Company filed its quarterly report on Form 10-Q for Q3 2024 with the U.S. Securities and Exchange Commission on November 19, 2024. Q3 2024 Financial Overview: Net Rental Revenue: $13.1 million, compared to $31.2 million in Q3 2023.Gross (Loss) Profit: $(16.8) million, compared to a profit of $7.8 million in Q3 2023, impacted by [brief explanation of fa

      11/20/24 7:00:00 AM ET
      $LUXH
      Real Estate
      Finance
    • LuxUrban Hotels Inc. Reports Second Quarter 2024 Financial Results

      MIAMI, Sept. 25, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (NASDAQ:LUXH), a hospitality company that leases entire hotels on a long-term basis, manages these hotels, and rents out rooms to guests in the properties it leases, today announced its financial results for the second quarter ended June 30, 2024 ("Q2 2024"). The Company has also submitted its quarterly report on Form 10-Q to the U.S. Securities and Exchange Commission. Q2 2024 Financial Overview: Net Rental Revenue: $18.2 million, compared to $31.9 million in Q2 2023.Gross (Loss) Profit: $(22.2) million, compared to a profit of $10.2 million in Q2 2023, impacted by increased rent expenses, surrender of deposits from exiting

      9/25/24 4:45:25 PM ET
      $LUXH
      Real Estate
      Finance

    $LUXH
    SEC Filings

    See more
    • LuxUrban Hotels Inc. filed SEC Form 8-K: Changes in Registrant's Certifying Accountant, Financial Statements and Exhibits

      8-K - LUXURBAN HOTELS INC. (0001893311) (Filer)

      5/30/25 4:50:57 PM ET
      $LUXH
      Real Estate
      Finance
    • SEC Form NT 10-Q filed by LuxUrban Hotels Inc.

      NT 10-Q - LUXURBAN HOTELS INC. (0001893311) (Filer)

      5/15/25 4:30:16 PM ET
      $LUXH
      Real Estate
      Finance
    • LuxUrban Hotels Inc. filed SEC Form 8-K: Leadership Update

      8-K - LUXURBAN HOTELS INC. (0001893311) (Filer)

      5/5/25 4:30:13 PM ET
      $LUXH
      Real Estate
      Finance

    $LUXH
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Schaefer Kimberly bought $20,000 worth of shares (117,647 units at $0.17), increasing direct ownership by 97% to 238,345 units (SEC Form 4)

      4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)

      7/22/24 4:05:14 PM ET
      $LUXH
      Real Estate
      Finance
    • Chief Executive Officer Arigo Robert bought $30,000 worth of shares (176,470 units at $0.17), increasing direct ownership by 24% to 926,470 units (SEC Form 4)

      4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)

      7/22/24 4:03:30 PM ET
      $LUXH
      Real Estate
      Finance
    • Director Blutinger Elan bought $25,000 worth of shares (147,058 units at $0.17), increasing direct ownership by 8% to 2,054,656 units (SEC Form 4)

      4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)

      7/22/24 4:02:38 PM ET
      $LUXH
      Real Estate
      Finance

    $LUXH
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more

    $LUXH
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Chief Executive Officer Ferdinand Brian was granted 381,994 shares, increasing direct ownership by 4,021% to 391,494 units (SEC Form 4)

      4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)

      12/23/24 4:09:24 PM ET
      $LUXH
      Real Estate
      Finance
    • SEC Form 3 filed by new insider Shapiro Daniel

      3 - LUXURBAN HOTELS INC. (0001893311) (Issuer)

      12/23/24 4:08:38 PM ET
      $LUXH
      Real Estate
      Finance
    • SEC Form 3 filed by new insider Moinian Alex

      3 - LUXURBAN HOTELS INC. (0001893311) (Issuer)

      12/23/24 4:07:38 PM ET
      $LUXH
      Real Estate
      Finance
    • SEC Form SC 13G filed by LuxUrban Hotels Inc.

      SC 13G - LUXURBAN HOTELS INC. (0001893311) (Subject)

      11/18/24 10:42:45 AM ET
      $LUXH
      Real Estate
      Finance
    • Amendment: SEC Form SC 13D/A filed by LuxUrban Hotels Inc.

      SC 13D/A - LUXURBAN HOTELS INC. (0001893311) (Subject)

      7/25/24 7:42:33 PM ET
      $LUXH
      Real Estate
      Finance
    • Amendment: SEC Form SC 13D/A filed by LuxUrban Hotels Inc.

      SC 13D/A - LUXURBAN HOTELS INC. (0001893311) (Subject)

      6/28/24 4:30:30 PM ET
      $LUXH
      Real Estate
      Finance