LuxUrban Hotels approves 1:70 reverse stock split, effective Nov 20; Nasdaq compliance waiver granted

LUXURBAN HOTELS INC.

Reverse split ratio 1:70 reduces outstanding shares from ~151.85M to ~2.17M; effective at market open Nov 20, 2024.
Stockholders approved reverse split with 80,836,603 for, 1,397,349 against; Nasdaq waiver for >19.99% issuance also passed.
Board set exact split ratio at 1:70; fractional shareholders will receive cash in lieu; trading symbol remains LUXH.
New CUSIP for post-split common stock is 21985R303.
Nasdaq compliance proposal allows conversion of notes and warrants beyond 19.99% limitation, supporting financing flexibility.

item 5.03 item 5.07 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

LUXURBAN HOTELS INC.: Amended charter to effect a 1-for-70 reverse stock split (effective 2024-11-20).

Change: charter amendment
Effective: 2024-11-20

Exact text from the filing

The Company will file the Certificate of Amendment to the Charter effectuating the Reverse Stock Split with the Secretary of State of the State of Delaware, to become effective November 20, 2024

View on SEC.gov

Browse all governance changes →

Source: SEC EDGAR

accession 0001829126-24-007589

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.