UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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| Title of each class | Ticker symbol(s) | Name of each exchange on which registered | ||
| The Stock Market LLC | ||||
| The |
| Item 3.02. | Unregistered Sales of Equity Securities. |
The information provided in Item 8.01 of this Form 8-K is incorporated by reference into this Item 3.02.
| Item 8.01. | Other Events. |
As previously disclosed, on May 21, 2024, LuxUrban Hotels Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Roth Capital Partners, LLC, as representative of the underwriters, relating to, among other things, the sale to the public (the “Offering”) of (i) 30,500,000 (thirty million five hundred thousand) shares (the “Firm Shares”) of the Company’s common stock, $0.00001 (one one-thousandth of one cent) par value per share (“Common Stock”) and (ii) up to 4,575,000 (four million five hundred seventy five thousand) shares of Common Stock (the “Option Shares”, and together with the Firm Shares, the “Shares”), which may be issued by the Company upon the exercise of an over-allotment option granted to the underwriters.
On May 22, 2024, the underwriters notified the Company they were exercising their over-allotment option in full, to purchase all 4,575,000 Option Shares. On May 23, 2024, the Company completed the Offering of the Firm Shares and Option Shares. Roth Capital Partners, LLC acted as sole bookrunner in the Offering. After deducting underwriting discounts and estimated expenses payable by the Company associated with the Offering, the net proceeds to the Company were approximately $7,076,437.50 (seven million seventy six thousand four hundred thirty seven dollars and fifty cents).
On May 23, 2024, the Company issued a press release announcing the underwriters full exercise of their overallotment option in the Offering and issuance of the Option Shares. The press release is attached to this Current Report as Exhibit 99.1.
| Item 9.01. | Financial Statement and Exhibits. |
| (d) | Exhibits: |
| Exhibit | Description | |
| 99.1 | Press Release Announcing Underwriters Full Exercise of Overallotment Option, Sale of Option Shares |
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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 24, 2024 | LUXURBAN HOTELS INC. | ||
| By: | /s/ Shanoop Kothari | ||
| Name: | Shanoop Kothari | ||
| Title: | Chief Executive Officer & Chief Financial Officer | ||
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