{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-24-004488","form_type":"8-K","ticker":null,"cik":"0001893311","company_name":"LUXURBAN HOTELS INC.","filed_at":"2024-06-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.121749+00:00","generated_at":"2026-06-01T00:49:40.516244+00:00","sec_items":["1.01","3.02","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"LuxUrban raises $2M in private placement at $0.25/sh; appoints Patrick McNamee to board","bullets":["Gross proceeds of $2M from sale of 8M shares at $0.25/sh to an existing shareholder; net $1.86M after fees.","Purchaser has option to buy up to 8M additional shares at $0.25/sh (subject to price adjustments) within 6-18 months.","Patrick McNamee appointed as independent director effective June 27, 2024; will chair Compensation Committee.","Founder and former CEO Brian Ferdinand resigned from board effective June 26, 2024.","Board now has 7 members, all independent under Nasdaq rules."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-24-004488","json":"https://secwatch.observer/filing/0001829126-24-004488.json","markdown":"https://secwatch.observer/filing/0001829126-24-004488.md","text":"https://secwatch.observer/filing/0001829126-24-004488.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1893311/000182912624004488/0001829126-24-004488-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1893311/000182912624004488/luxurban_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T00:49:40.516244+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":"2e92b48cde","claim":"Patrick McNamee was appointed as director at LUXURBAN HOTELS INC..","evidence_excerpt":"Effective June 27, 2024, Patrick McNamee joined our board of directors and will also serve on the board’s compensation committee, as its chairman, and on the board’s nominating committee.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1893311/000182912624004488/0001829126-24-004488-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"e1ba377e7b","claim":"Brian L, Ferdinand resigned as director at LUXURBAN HOTELS INC..","evidence_excerpt":"Effective June 26, 2024, Brian L, Ferdinand, our company’s founder, and our former chairman of the board and chief executive officer, resigned as a member of the board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1893311/000182912624004488/0001829126-24-004488-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}