secwatch.observer — SEC 8-K summary
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Issuer:     LUXURBAN HOTELS INC. (—)
CIK:        0001893311
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001829126-24-007589
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1893311/000182912624007589/0001829126-24-007589-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1893311/000182912624007589/luxurban_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-007589

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer