LuxUrban Hotels (LUXH) Completes 35M Share Offering
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LuxUrban Hotels Announces Closing of Public Offering of Securities
May 23, 2024 4:10 PM EDTMIAMI--(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... More
