LuxUrban Hotels Inc. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and Exhibits
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| Item 3.01. | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On January 15, 2025, LuxUrban Hotels Inc. (the “Company”) received notice from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Nasdaq Hearings Panel (the “Panel”) has determined to delist the Company’s securities from Nasdaq based upon the Company’s non-compliance with Listing Rule Listing Rules 5250(c)(1), 5550(a)(2) and 5555(a). As a result of the Panel’s decision, Nasdaq will suspend trading in the Company’s securities effective at the open of trading on Friday, January 17, 2025.
The Company has 15 days after the date it received notice of the Panel’s decision to request that the Nasdaq Listing and Hearing Review Council (the “Council”) review the decision, or the Council may, on its own motion, determine to review the Panel’s decision within 45 calendar days after the Company was notified of the decision.
Following suspension of trading on Nasdaq, the Company expects its common stock and preferred stock will be eligible for quotation on the OTC Pink Market under its existing symbol, “LUXH” and “LUXHP.” The Company also plans to apply for listing its common stock and preferred stock on a higher-tier OTC market, such as the OTCQB.
| Item 9.01 | Financial Statements and Exhibits |
| Exhibit | Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
| 1 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: January 15, 2025 | LUXURBAN HOTELS INC. | ||
| By: | /s/ Michael James | ||
| Name: | Michael James | ||
| Title: | Chief Finaicial Officer | ||
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