regulatory
confidence high
sentiment negative
materiality 0.80
LUXURBAN HOTELS INC.: Nasdaq/NYSE listing notice — LuxUrban Hotels receives Nasdaq delisting notice for MVLS non-compliance
LUXURBAN HOTELS INC.
- Received Nasdaq notice on Jan 3, 2025, for failure to regain compliance with minimum MVLS of $35M within compliance period ending Dec 26, 2024.
- Company must submit written views to Nasdaq by Jan 10, 2025.
- Common stock (LUXH) and preferred stock (LUXHP) continue trading for now; delisting risk remains.
- Company intends to evaluate all available options to regain compliance with Nasdaq listing standards.