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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): December 17, 2023
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: (844) -220-9973
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© 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, par value $0.00001 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 |
Item 1.01 |
Entry into a Material Definitive Agreement. |
The information set forth below in Item 3.02 of this Current Report on Form 8-K is
incorporated herein by reference.
Item 3.02 |
Unregistered Sales of Equity Securities |
LuxUrban Hotels Inc. (The “Company” or “we,” “us,” and similar pronouns) previously
entered into:
|
● |
a Securities Purchase Agreement, dated as of May 27, 2022 (the “May Agreement”), between the Company and Greenle Partners LLC Series Alpha P.S. (“Greenle Alpha”); |
|
● |
a Securities Purchase Agreement, dated as of June 30, 2022, and amended by the letter agreement dated July 15, 2022 and Addendum to Securities Purchase Agreement dated as of August 15, 2022 (as amended, the “June Agreement”), between the Company and Greenle Alpha; |
|
● |
a Securities Purchase Agreement, dated as of September 30, 2022, and amended by the letter agreement dated October 20, 2022 (as amended, the “September Agreement” and, together with the May Agreement and the June Agreement, the “Purchase Agreements”), between the Company and Greenle Alpha; |
|
● |
a Loan Agreement, dated as of November 23, 2022 (the “Loan Agreement” and collectively with the Purchase Agreements, the “Greenle Agreements”), among the Company, Greenle Alpha and Greenle Partners LLC Series Beta P.S. (“Greenle Beta” and, together with Greenle Alpha, “Greenle”), as supplemented or amended by a letter agreement dated February 17, 2023; |
|
● |
a letter agreement between Greenle and the Company dated February 13, 2023 (the “February 2023 Revenue Share Agreement”), as amended by the Revenue Share Exchange Agreement dated May 21, 2023 (the “May 2023 Letter Agreement”); |
|
● |
a letter agreement between the Company and Greenle dated June 19, 2023 (the “June 2023 Letter Agreement”); |
|
● |
a letter agreement between the Company and Greenle dated August 15, 2023 (the “August 2023 Letter Agreement”); and
|
|
|
|
|
● |
a letter agreement between the Company and Greenle dated November 6, 2023 (the “November 2023 Letter Agreement” and collectively with the Purchase Agreements, the Greenle Agreements, the February 2023 Revenue Shares Agreement, the May 2023 Letter Agreement, the June 2023 Letter Agreement and the August 2023 Letter Agreement, the “Agreements”). |
On December 17, 2023, we entered into
a further agreement with Greenle (the “December 2023 Letter Agreement”) pursuant to which Greenle agreed to exercise
its right, pursuant to the outstanding warrants issued to Greenle in connection with the November 2023 Letter Agreement (the “November
Warrants”), to purchase an aggregate of 1,000,000 shares of Common Stock, subject to certain limitations and timing provisions,
as more fully described in the December 2023 Letter Agreement, which will result in proceeds to the Company of $4,000,000 on or before
January 30, 2024. Additionally, subject to certain conditions contained in the December 2023 Letter Agreement, the Company will have the
right to require Greenle to exercise the remaining November Warrants to purchase an aggregate of 950,000 shares of Common Stock at a trigger
price of $6.00, which would result in proceeds to the Company of $3,800,000.
As consideration for Greenle’s
execution of the December 2023 Letter Agreement, the Company agreed to issue (i) Greenle Alpha a warrant to purchase 1,610,000 shares
of Common Stock at an exercise price of $5.00 per share and (ii) Greenle Beta a warrant to purchase 390,000 shares of Common Stock at
an exercise price of $5.00 per share (collectively, the “December Warrants”), the form of which is attached to this
Current Report on Form 8-K as Exhibit 4.1. Subject to certain limitations contained in the December 2023 Letter Agreement, the Company
will have the right to require Greenle to exercise such warrants at a trigger price of $7.50, which would result in proceeds to the Company
of $10,000,000. The Company agreed to register under the Securities Act of 1933, as amended, the resale of the Common Stock issuable upon
exercise of the December Warrants within 180 days of the date of the December 2023 Letter Agreement.
The foregoing summary of the December 2023 Letter Agreement is not complete and is qualified by reference to the full text of
the December 2023 Letter Agreement, which is included as Exhibit 10.1 to this Current Report and herein
incorporated by reference.
Item 9.01 |
Financial Statements and 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: December 18, 2023 |
LUXURBAN HOTELS INC. |
|
|
|
By: |
/s/ Brian Ferdinand |
|
|
Name: |
Brian Ferdinand |
|
|
Title: |
Chairman and Co-Chief Executive Officer |
Exhibit 10.1
LUXURBAN
HOTELS INC.
2125
Biscayne Boulevard
Suite 253
Miami, Florida 33137
December
17, 2023
Greenle
Partners LLC Series Alpha P.S.
156
W Saddle River Road
Saddle
River, New Jersey 07458
Greenle
Partners LLC Series Beta P.S.
156
W Saddle River Road
Saddle
River, New Jersey 07458
Gentlemen:
Reference
is made to (i) the Securities Purchase Agreement dated as of May 27, 2022 (the “May Agreement”) between LuxUrban Hotels
Inc. (formerly known as CorpHousing Group, Inc.), a Delaware corporation (the “Company”), and Greenle Partners LLC
Series Alpha P.S., a Delaware limited liability company (“Greenle Alpha”), (ii) the Securities Purchase Agreement
dated as of June 30, 2022 and amended by the letter agreement dated July 15, 2022, Addendum to Securities Purchase Agreement dated as
of August 15, 2022 and the letter agreement dated September 16, 2022 (as amended, the “June Agreement”) between the
Company and Greenle Alpha, (iii) the Securities Purchase Agreement dated as of September 30, 2022 and amended by the letter agreement
dated October 20, 2022 (as amended, the “September Agreement” and, together with the May Agreement and the June Agreement,
the “Purchase Agreements”) between the Company and Greenle Alpha, (iv) the Loan Agreement dated as of November 23,
2022 (the “Loan Agreement”) among the Company, Greenle Alpha and Greenle Partners LLC Series Beta P.S., a Delaware
limited liability company (“Greenle Beta” and, together with Greenle Alpha, “Greenle”), as supplemented
or amended by the letter agreement dated February 17, 2023; (v) the letter agreement between Greenle and the Company dated February 13,
2023 pursuant to which, among other matters, certain future Revenue Share payments were converted to the obligation by the Company to
issue shares of Common Stock (the “February 2023 Revenue Share Agreement”), (vi) the letter agreement between Greenle
and the Company dated April 16, 2023, pursuant to which, among other matters, the Company agreed to register for resale the Common Stock
issuable upon the exercise of the Warrants held by Greenle pursuant to the February 2023 Revenue Share Agreement (the “April
2023 Letter Agreement”), (vii) the Revenue Share Exchange Agreement dated May 21, 2023 between the Company and Greenle pursuant
to which, among other matters, Greenle agreed to terminate any and all rights to receive cash revenue share payments under the Purchase
Agreements, the Loan Agreement and the February 2023 Revenue Share Agreement, except for the share issuances and cash payments required
to be made by the Company to Greenle under Sections (i)(a) and (i)(b) of the February 2023 Revenue Share Agreement and the Company agreed
to issue up to an aggregate of 6,740,000 shares of Common Stock from time to time upon Greenle’s written direction (the “May
2023 Letter Agreement”); (viii) the letter agreement between the Company and Greenle dated June 19, 2023 pursuant to which
among other matters, the parties agreed to restructure the Company’s obligation to issue the remaining shares of Common Stock pursuant
to Section (i)(a) of the February 2023 Revenue Share Agreement, such that Greenle would need to provide written direction to the Company
to be issued all or a portion of such shares (the “June 2023 Letter Agreement” and together with the February 2023
Revenue Share Agreement and the May 2023 Letter Agreement, the “Revenue Share Agreements”), (ix) the letter agreement
between the Company and Greenle dated June 19, 2023 pursuant to which, among other matters, the Company agreed to register for resale
the Common Stock issuable upon the exercise of the Warrants held by Greenle pursuant to the April 2023 Letter Agreement (the “Second
June 2023 Letter Agreement”), (x) the letter agreement between the Company and Greenle dated August 15, 2023 pursuant to which
among other matters, the Company agreed to issue 300,000 shares of Common Stock in lieu of certain cash payments owed to Greenle under
Section (i)(b) of the February 2023 Revenue Share Agreement upon Greenle’s written direction (the “August 2023 Letter
Agreement”) and (xi) the letter agreement between the Company and Greenle dated November 6, 2023 pursuant to which, among other
matters, the Company agreed to issue to Greenle warrants (the “November Warrants”) to purchase an aggregate of 2,000,000
shares of Common Stock, subject to the Offering Condition (as defined in such letter agreement) (the “Registration Rights Amendment
and Warrant Letter Agreement” and collectively with the Purchase Agreements, Loan Agreement, Revenue Share Agreements, the
April 2023 Letter Agreement, the Second June 2023 Letter Agreement and the August 2023 Letter Agreement, the “Agreements”).
Terms used but not defined herein have the respective meanings set forth in the Purchase Agreements.
This
letter agreement (this “Agreement”) will confirm our understanding and agreement that, in consideration of the respective
agreements of the Company and Greenle set forth herein, the sufficiency of which is hereby acknowledged by such parties, the Company,
Greenle Alpha and Greenle Beta acknowledge and agree as follows:
| (1) | Cash
Exercise of November Warrants. The Agreements are hereby amended, effective as of the
date first written above (the “Effective Date”), such that: |
| a. | On
or before December 30, 2023, Greenle shall exercise its right, pursuant to Section 1(a) of
the November Warrants, to purchase 500,000 shares of Common Stock for an aggregate exercise
price equal to $2,000,000 (the “Initial Aggregate Exercise Price”). Greenle
shall pay to the Company, by wire transfer in immediately available funds, the Initial Aggregate
Exercise Price on or before December 30, 2023. |
| b. | On
or before January 30, 2024, Greenle shall exercise its right, pursuant to Section 1(a) of
the November Warrants, to purchase 500,000 shares of Common Stock for an aggregate exercise
price equal to $2,000,000 (the “Remaining Aggregate Exercise Price”) and
to pay the Company, by wire transfer in immediately available funds, the Remaining Aggregate
Exercise Price on or before January 30, 2024. |
| c. | Notwithstanding
the foregoing, Greenle shall not be required to exercise the November Warrants pursuant to
paragraphs (1)a. or (1)b. if (i) it would cause Greenle Alpha or Greenle Beta, as the case
may be, to beneficially own (as determined in accordance with the Exchange Act) in excess
of 9.9% of the outstanding shares of Common Stock, (ii) the Company shall have furnished
to Greenle Alpha or Greenle Beta any material non-public information regarding the Company
or any of its Subsidiaries that the Company has not within two (2) trading days disclosed
to the public in a filing with the Commission pursuant to the Exchange Act, or (iii) if at
any time prior to January 30, 2024, the share of Common Stock underlying the November Warrants
are not registered for resale by Greenle pursuant to an effective registration statement
under the Securities Act. |
| (2) | Mandatory
Exercise of November Warrants. With respect to the remaining 950,000 shares of Common
Stock issuable pursuant to the November Warrants (after giving effect to paragraph (1)a.
and (1)b. of this Agreement), at any time after the Effective Date, the Company shall have
the right to deliver to Greenle Alpha or Greenle Beta a written direction (a “Mandatory
Direction”) to exercise outstanding November Warrants then held by Greenle Alpha
or Greenle Beta, as the case may be, and upon receipt by Greenle Alpha or Greenle Beta, as
the case may be, of a Mandatory Direction, such holder of November Warrants shall exercise
such November Warrants, subject to the following terms and conditions: |
| a. | The
Company may only deliver a Mandatory Direction with respect to an outstanding November Warrant
if, (A) the shares of Common Stock underlying such November Warrant are registered for resale
by the holder of such November Warrant pursuant to an effective registration statement filed
by the Company under the Securities Act, (B) the VWAP of the Common Stock on each of the
three trading days immediately preceding the date on which the Mandatory Direction is delivered
by the Company to Greenle Alpha or Greenle Beta, as the case may be, is at least equal to
the November Warrants Trigger Price (as defined below) for the November Warrants to which
the Mandatory Direction relates, (C) the Company shall not have furnished to Greenle Alpha
or Greenle Beta any material non-public information regarding the Company or any of its Subsidiaries
that the Company has not subsequently disclosed to the public in a filing with the Commission
pursuant to the Exchange Act, (D) no Mandatory Direction shall be applicable to the extent
compliance with such Mandatory Direction would cause Greenle Alpha or Greenle Beta, as the
case may be, to beneficially own (as determined in accordance with the Exchange Act) in excess
of 9.9% of the outstanding shares of Common Stock and (E) the Company will not deliver a
Mandatory Direction at any time that the Company is in possession of any material non-public
information regarding the Company or any of its Subsidiaries (a “Mandatory Direction
Blackout”). For purposes of this letter agreement, the term “November
Warrants Trigger Price” shall mean $6.00 (subject to adjustment for stock splits,
stock dividends and the like). Solely for purposes of clause (E), a Mandatory Direction Blackout
will be in effect during the last two weeks of every fiscal quarter until the Company has
filed a periodic report under the Exchange Act with respect to such fiscal quarter. |
| b. | Upon
receipt from the Company of any Mandatory Direction, each of Greenle Alpha or Greenle Beta,
as the case may be, shall, (A) within two (2) trading days of receipt of such Mandatory Direction,
notify the Company if its beneficial ownership of all or a portion of the shares of Common
Stock underlying the November Warrants to be exercised would cause such recipient to beneficially
own (as determined in accordance with the Exchange Act) in excess of 9.9% of the outstanding
shares of Common Stock, in which case the number of underlying shares of Common Stock that
are the subject of such Mandatory Direction shall automatically be reduced to the number
of shares that, when added to the number of shares beneficially owned by the recipient, would
equal 9.9% of the number of outstanding shares of Common Stock, and (B) within five (5) trading
days of receipt of such Mandatory Direction, exercise such November Warrant with respect
to such number of shares and pay in cash the aggregate exercise price thereof pursuant to
the terms of such November Warrant. |
| (3) | Issuance
of Warrants. In exchange for Greenle’s fulfillment of the conditions set forth
in Paragraph (1)a. of this Agreement, the Company shall issue to Greenle Alpha a warrant
in substantially the form and on the terms set forth on the form of warrant filed as Exhibit
4.1 on the Company’s Form 8-K/A filed with the Securities and Exchange Commission (“SEC”)
on September 1, 2023 to purchase 1,610,000 shares of Common Stock at an exercise price of
$5.00 per share and shall issue to Greenle Beta a warrant in substantially the form and on
the terms set forth on the form of warrant filed as Exhibit 4.1 on the Company’s Form
8-K/A filed with the SEC on September 1, 2023 to purchase 390,000 shares of Common Stock
at an exercise price of $5.00 per share (collectively, the “December Warrants”). |
| (4) | Mandatory
Exercise of December Warrants. At any time after the Effective Date the Company shall
have the right to deliver to Greenle Alpha or Greenle Beta a Mandatory Direction to exercise
outstanding December Warrants then held by Greenle Alpha or Greenle Beta, as the case may
be, and upon receipt by Greenle Alpha or Greenle Beta, as the case may be, of a Mandatory
Direction, such holder of December Warrants shall exercise such December Warrants, subject
to the following terms and conditions: |
| a. | The
Company may only deliver a Mandatory Direction with respect to an outstanding December Warrant
if, (A) the shares of Common Stock underlying such December Warrant are registered for resale
by the holder of such December Warrant pursuant to an effective registration statement filed
by the Company under the Securities Act, (B) the VWAP of the Common Stock on each of the
three trading days immediately preceding the date on which the Mandatory Direction is delivered
by the Company to Greenle Alpha or Greenle Beta, as the case may be, is at least equal to
the December Warrants Trigger Price (as defined below) for the December Warrants to which
the Mandatory Direction relates, (C) the Company shall not have furnished to Greenle Alpha
or Greenle Beta any material non-public information regarding the Company or any of its Subsidiaries
that the Company has not subsequently disclosed to the public in a filing with the Commission
pursuant to the Exchange Act, (D) no Mandatory Direction shall be applicable to the extent
compliance with such Mandatory Direction would cause Greenle Alpha or Greenle Beta, as the
case may be, to beneficially own (as determined in accordance with the Exchange Act) in excess
of 9.9% of the outstanding shares of Common Stock and (E) the Company will not deliver a
Mandatory Direction during any Mandatory Direction Blackout, as such term is defined in Section
(2)a. of this Agreement. For purposes of this letter agreement, the term “December
Warrants Trigger Price” shall mean $7.50 (subject to adjustment for stock splits,
stock dividends and the like). |
| b. | Upon
receipt from the Company of any Mandatory Direction, each of Greenle Alpha or Greenle Beta,
as the case may be, shall, (A) within two (2) trading days of receipt of such Mandatory Direction,
notify the Company if its beneficial ownership of all or a portion of the shares of Common
Stock underlying the December Warrants to be exercised would cause such recipient to beneficially
own (as determined in accordance with the Exchange Act) in excess of 9.9% of the outstanding
shares of Common Stock, in which case the number of underlying shares of Common Stock that
are the subject of such Mandatory Direction shall automatically be reduced to the number
of shares that, when added to the number of shares beneficially owned by the recipient, would
equal 9.9% of the number of outstanding shares of Common Stock, and (B) within five (5) trading
days of receipt of such Mandatory Direction, exercise such December Warrant with respect
to such number of shares and pay in cash the aggregate exercise price thereof pursuant to
the terms of such December Warrant. |
| (5) | Registration
of Resale of Applicable Shares. Greenle acknowledges that the shares of Common Stock
issuable upon the exercise of the December Warrants to be issued under the terms of this
Agreement (the “Applicable Shares”) will initially be issued without registration
under the Securities Act of 1933, as amended (the “Securities Act”), and
will have a restrictive legend as contemplated for the shares of Common Stock issued or to
be issued upon exercise of the December Warrants issued pursuant to this Agreement. The Company
hereby agrees to register the resale by Greenle of the Applicable Shares under the Securities
Act within 180 days of the date hereof. If the Company fails to register the resale by Greenle
of the Applicable Shares under the Securities Act within 180 days of the date hereof, the
Company shall pay to Greenle $1,000 per day, until such time as the Company fulfills its
obligation to register the resale by Greenle of the Applicable Shares under the Securities
Act. |
| (6) | Failure
to Issue Warrants or Applicable Shares. If the Company fails to issue and deliver to
Greenle’s broker (a) the December Warrants, (b) the Applicable Shares or (c) shares
of Common Stock issuable to Greenle pursuant to the terms of the Revenue Share Agreements
within four (4) business days of: (i) in the case of the December Warrants, the date upon
which Greenle fulfills its obligations pursuant to paragraph (1)a. hereof, (ii) in the case
of the Applicable Shares, the date upon which Greenle delivers a notice to exercise the December
Warrants or (iii) in the case of the Common Stock issuable pursuant to the terms of the Revenue
Share Agreements, the date Greenle delivers the Agreement Shares Issuance Notice (subject
to satisfaction and fulfilment of the terms and conditions stated in the Revenue Share Agreements),
as applicable, then Company shall pay to Greenle $1,000 per day for its failure to issue
such Warrants, Applicable Shares or shares of Common Stock, as applicable, until such time
as the Company has issued such Warrants, Applicable Shares or shares of Common Stock. |
| (7) | Delivery
of Material Nonpublic Information. Following the Effective Date, the Company shall not, and shall cause each of its Subsidiaries
and each of their respective officers, directors, employees, affiliates and agents, not to, provide Greenle Alpha or Greenle Beta with
any material, nonpublic information regarding the Company or any of its Subsidiaries from and after the date hereof without the express
prior written consent of such Person. If following the the Effective Date Greenle Alpha or Greenle Beta has, or believes it has, received
any such material, nonpublic information regarding the Company or any of its Subsidiaries from the Company, any of its Subsidiaries or
any of their respective officers, directors, employees, affiliates or agents, it may provide the Company with written notice thereof.
The Company shall, within one (1) Trading Day of receipt of such notice, make public disclosure of such material, nonpublic information.
In the event of a breach of the foregoing covenant by the Company, any of its Subsidiaries, or any of its or their respective officers,
directors, employees, affiliates and agents, in addition to any other remedy provided herein or in the Agreements, Greenle Alpha or Greenle
Beta, as the case may be, shall have the right to make a public disclosure, in the form of a press release, public advertisement or otherwise,
of such material, nonpublic information without the prior approval by the Company, its Subsidiaries, or any of its or their respective
officers, directors, employees, affiliates or agents. Neither Greenle Alpha or Greenle Beta shall have any liability to the Company,
its Subsidiaries, or any of its or their respective officers, directors, employees, affiliates, stockholders or agents for any such disclosure.
To the extent that, following the Effective Date, the Company delivers any material, nonpublic information to Greenle Alpha or Greenle
Beta without such Person’s consent, the Company hereby covenants and agrees that such Person shall not have any duty of confidentiality
to the Company, any of its Subsidiaries or any of their respective officers, directors, employees, affiliates or agent with respect to,
or a duty to the Company, any of its Subsidiaries or any of their respective officers, directors, employees, affiliates or agent not
to trade on the basis of, such material, nonpublic information. |
If
the foregoing accurately sets forth our understanding and agreement as to the matters set forth above, please acknowledge your agreement
by signing below and returning to us a countersigned copy of this Agreement.
|
LuxUrban Hotels Inc. |
|
|
|
|
By: |
/s/ Brian Ferdinand |
|
Name: |
Brian Ferdinand |
|
Title: |
Chairman and Co-CEO |
|
Greenle
Partners LLC Series Alpha P.S. |
|
|
|
|
By: |
/s/ Alan Uryniak |
|
Name: |
Alan Uryniak |
|
Title: |
Manager |
|
Greenle
Partners LLC Series Beta P.S. |
|
|
|
|
By: |
/s/ Alan Uryniak |
|
Name: |
Alan Uryniak |
|
Title: |
Manager |
v3.23.4
Cover
|
Dec. 17, 2023 |
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Dec. 17, 2023
|
Entity File Number |
001-41473
|
Entity Registrant Name |
LuxUrban Hotels Inc.
|
Entity Central Index Key |
0001893311
|
Entity Tax Identification Number |
82-3334945
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
2125 Biscayne Blvd
|
Entity Address, Address Line Two |
Suite 253
|
Entity Address, City or Town |
Miami
|
Entity Address, State or Province |
FL
|
Entity Address, Postal Zip Code |
33137
|
City Area Code |
(844)
|
Local Phone Number |
220-9973
|
Written Communications |
false
|
Soliciting Material |
false
|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
false
|
Entity Emerging Growth Company |
true
|
Elected Not To Use the Extended Transition Period |
false
|
Common Stock Par Value 0. 00001 Per Share [Member] |
|
Title of 12(b) Security |
Common Stock, par value $0.00001 per share
|
Trading Symbol |
LUXH
|
Security Exchange Name |
NASDAQ
|
Series A Cumulative Redeemable Preferred [Member] |
|
Title of 12(b) Security |
13.00% Series A Cumulative Redeemable Preferred Stock, $0.00001 par value per share
|
Trading Symbol |
LUXHP
|
Security Exchange Name |
NASDAQ
|
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