---
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"
generated_at: "2026-06-01T00:49:40.516244+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# LuxUrban raises $2M in private placement at $0.25/sh; appoints Patrick McNamee to board

## Summary
- 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.

## SEC filing metadata
- accession: 0001829126-24-004488
- form_type: 8-K
- cik: 0001893311
- company_name: LUXURBAN HOTELS INC.
- filed_at: 2024-06-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-004488
- JSON: https://secwatch.observer/filing/0001829126-24-004488.json
- Plain text: https://secwatch.observer/filing/0001829126-24-004488.txt

## Key facts
- Executive change
  Patrick McNamee was appointed as director at LUXURBAN HOTELS INC..
  - Action: appointed
  - Role: director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1893311/000182912624004488/0001829126-24-004488-index.htm
- Executive change
  Brian L, Ferdinand resigned as director at LUXURBAN HOTELS INC..
  - Action: resigned
  - Role: director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1893311/000182912624004488/0001829126-24-004488-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.