Form 8-K - Current report
11 5월 2024 - 5:14AM
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 9, 2024
LuxUrban Hotels Inc. |
(Exact Name of Registrant as Specified in Charter) |
Delaware |
|
001-41473 |
|
82-3334945 |
(State or Other Jurisdiction
of Incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
2125 Biscayne Blvd, Suite 253, Miami, Florida |
|
33137 |
(Address of Principal Executive Offices) |
|
(Zip Code) |
Registrant’s telephone number, including area code: (877) 269-5952
N/A |
(Former Name or Former Address, if Changed Since Last Report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Ticker symbol(s) |
|
Name of each exchange on which registered |
Common Stock, $0.00001 par value per share |
|
LUXH |
|
The Nasdaq Stock Market LLC |
13.00% Series A Cumulative Redeemable Preferred Stock, $0.00001 par value per share |
|
LUXHP |
|
The Nasdaq Stock Market LLC |
The information in this Current Report on Form 8-K and Exhibit 99.1 is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.
Item 2.02 Results of Operations and Financial Condition.
On May 9, 2024, LuxUrban Hotels Inc. (the “Company”) issued a press release announcing that the Company will report its financial results for the three months ended March 31, 2024 on Monday, May 13, 2024. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 9.01. Financial Statement and Exhibits.
(d) Exhibits:
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 10, 2024 |
LUXURBAN
HOTELS INC. |
|
|
|
By: |
/s/ Shanoop Kothari |
|
|
Name: |
Shanoop Kothari |
|
|
Title: |
Co-Chief Executive Officer & Chief Financial Officer |
Exhibit 99.1
LuxUrban
Hotels Schedules 2024 First Quarter Financial Results and Conference Call
MIAMI, FL, - May 9, 2024 - LuxUrban Hotels
Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company which leases entire existing hotels
on a long-term basis and rents rooms in its hotels to business and vacation travelers, announced today it will report financial results
for the first quarter ended March 31, 2024 on Monday, May 13, 2024 after the close of the stock market. The Company will host a conference
call on Tuesday, May 14, 2024 at 9:00 am Eastern Time to discuss the results.
Investors interested in participating in the live
call can dial:
| ● | (646) 307-1963 - International |
A
simultaneous webcast of the call may be accessed online from the Events & Presentations section of the Investor Relations page of
the Company’s website at www.luxurbanhotels.com. You may pre-register for the webcast using this link: https://events.q4inc.com/attendee/373952880.
LuxUrban Hotels Inc.
LuxUrban Hotels Inc. secures long-term operating rights for entire hotels through Master Lease Agreements (MLA)
and rents out, on a short-term basis, hotel rooms to business and vacation travelers.
The Company is strategically building a portfolio of hotel properties in destination cities by capitalizing on
the dislocation in commercial real estate markets and the large amount of debt maturity
obligations on those assets coming due with a lack of available options for owners
of those assets. LuxUrban’s MLA allows owners to hold onto their assets and retain their equity value while
LuxUrban operates and owns the cash flows of the operating business for the life of
the MLA.
Forward Looking Statements
This press release contains certain
“forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (set forth in
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended). The statements contained in this release that are not purely historical are forward-looking statements. Forward-looking
statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding
the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or
circumstances, including any underlying assumptions, are forward-looking statements. Generally, the words “anticipates,”
“believes,” “continues,” “could,” “estimates,” “expects,”
“intends,” “may,” “might,” “plans,” “possible,” “potential,”
“predicts,” “projects,” “should,” “would” and similar expressions may identify
forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking
statements in this release may include, for example, statements with respect to scheduled property openings, expected closing of
noted lease transactions, the Company’s ability to continue closing on additional leases for properties in the Company’s
pipeline, as well the Company’s anticipated ability to commercialize efficiently and profitably the properties it leases and
will lease in the future. The forward-looking statements contained in this release are based on current expectations and belief
concerning future developments and their potential effect on the Company. There can be no assurance that future developments will be
those that have been anticipated. These forward-looking statements are subject to a number of risks, uncertainties (some of which
are beyond our control) or other assumptions that may cause actual results of performance to be materially different from those
expressed or implied by these forward-looking statements, including those set forth under the caption “Risk Factors” in
our public filings with the SEC, including in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2023
filed with the SEC on April 15, 2024, and any updates to those factors as set forth in subsequent Quarterly Reports on Form
10-Q or other public filings with the SEC. The forward-looking information and forward-looking statements contained in this press
release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information
and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.
Contact |
|
Shanoop Kothari |
Devin Sullivan |
Chief Executive Officer & Acting Chief Financial Officer |
Managing Director |
LuxUrban Hotels Inc. |
The Equity Group Inc. |
shanoop@luxurbanhotels.com |
dsullivan@equityny.com |
|
|
|
Conor Rodriguez, Analyst |
|
crodriguez@equityny.com |
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Entity File Number |
001-41473
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Entity Registrant Name |
LuxUrban Hotels Inc.
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Entity Central Index Key |
0001893311
|
Entity Tax Identification Number |
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|
Entity Incorporation, State or Country Code |
DE
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Entity Address, Address Line One |
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|
Entity Address, Address Line Two |
Suite 253
|
Entity Address, City or Town |
Miami
|
Entity Address, State or Province |
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Entity Address, Postal Zip Code |
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Title of 12(b) Security |
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|
Trading Symbol |
LUXH
|
Security Exchange Name |
NASDAQ
|
Series A Cumulative Redeemable Preferred [Member] |
|
Title of 12(b) Security |
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LuxUrban Hotels (NASDAQ:LUXHP)
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LuxUrban Hotels (NASDAQ:LUXHP)
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