Luxurban hotels announces pricing of public offering of securities

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 pricing of its previously announced public offering of 30,000,000 shares of common stock at a price of $0.17 per share. the underwriters also were granted an over-allotment option for up to 4,500,000 additional shares of common stock.
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