LuxUrban Hotels Announces Pricing of Public Offering of Securities

MIAMI, July 11, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today announced the pricing of its previously announced public offering of 30,000,000 shares of common stock at a price of $0.17 per share. The underwriters also were granted an over-allotment option for up to 4,500,000 additional shares of common stock.

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