Luxurban hotels announces full exercise of over allotment option

Miami, july 18, 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 that the underwriter of its underwritten public offering has exercised its over-allotment option in full to purchase an additional 4,500,000 shares of the company's common stock at the public offering price of $0.17 per share.
LUXH Ratings Summary
LUXH Quant Ranking