{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-23-007529","form_type":"8-K","ticker":null,"cik":"0001893311","company_name":"LUXURBAN HOTELS INC.","filed_at":"2023-11-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.329651+00:00","generated_at":"2026-06-08T00:29:32.669991+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"LuxUrban Hotels secures up to $10M non-dilutive note from Chairman/Co-CEO at 1% interest","bullets":["Unsecured advancing term promissory note of up to $10 million from THA Holdings LLC (Brian Ferdinand, Chairman/Co-CEO and largest stockholder).","Note bears 1% annual interest, matures November 16, 2026; prepayable at Company’s option with Board approval, no penalty.","Funded via sales of common stock owned by Ferdinand under Rule 144 or other exemptions; proceeds less taxes fund the note.","Proceeds used for growth capital: leasing additional hotel units and building density in existing markets.","Company reiterates Note is not required to achieve previously issued 2023 and 2024 guidance on net rental revenue, EBITDA, hotel rooms."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-23-007529","json":"https://secwatch.observer/filing/0001829126-23-007529.json","markdown":"https://secwatch.observer/filing/0001829126-23-007529.md","text":"https://secwatch.observer/filing/0001829126-23-007529.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1893311/000182912623007529/0001829126-23-007529-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1893311/000182912623007529/luxurbanhotels_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T00:29:32.669991+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"88a0bf6a24f471aa4ccadb4fc0db7e2a779ee124","claim":"LUXURBAN HOTELS INC. incurred term loan of up to an aggregate principal amount of $10,000,000 with THA Holdings LLC at 1% per annum maturing November 16, 2026.","evidence_excerpt":"advancing term promissory note (the “Note”). Under the Note, the Company is able to borrow, and the Lender has committed to lend, up to an aggregate principal amount of $10,000,000 (the “Initial Principal Amount”) to be funded in increments of $1,000,000 upon the Company’s request by the sale, from time to time, of shares of the Company’s common stock, par","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1893311/000182912623007529/0001829126-23-007529-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"up to an aggregate principal amount of $10,000,000"},{"label":"Counterparty","value":"THA Holdings LLC"},{"label":"Rate","value":"1% per annum"},{"label":"Maturity","value":"November 16, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f7e87ec3f87d1d49d4debdacdb199ece07576ce4","claim":"LUXURBAN HOTELS INC. entered into Note with THA Holdings LLC valued at up to an aggregate principal amount of $10,000,000 (effective 2023-11-17).","evidence_excerpt":"On November 17, 2023, LuxUrban Hotels Inc. (the “Company” or “we” and related pronouns), entered into a non-dilutive financing agreement with THA Holdings LLC, an entity controlled and operated by the Company’s Chairman, Co-Chief Executive Officer (“Co-CEO”) and largest stockholder, Brian Ferdinand (the “Lender”), pursuant to which the Company agreed to issue to the Lender an unsecured, advancing term promissory note (the “Note”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1893311/000182912623007529/0001829126-23-007529-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"THA Holdings LLC"},{"label":"Value","value":"up to an aggregate principal amount of $10,000,000"},{"label":"Effective","value":"2023-11-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}