false 0001893311 0001893311 2025-01-15 2025-01-15 0001893311 luxh:CommonStock0.00001ParValuePerShareMember 2025-01-15 2025-01-15 0001893311 luxh:SeriesACumulativeRedeemablePreferredMember 2025-01-15 2025-01-15 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

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): January 15, 2025

 

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.)

 

212 Biscayne Blvd, Suite 253, Miami, Florida   33137
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (833) 723-7368

 

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

 

 

 

 

   

 

 

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

On January 15, 2025, LuxUrban Hotels Inc. (the “Company”) received notice from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Nasdaq Hearings Panel (the “Panel”) has determined to delist the Company’s securities from Nasdaq based upon the Company’s non-compliance with Listing Rule Listing Rules 5250(c)(1), 5550(a)(2) and 5555(a). As a result of the Panel’s decision, Nasdaq will suspend trading in the Company’s securities effective at the open of trading on Friday, January 17, 2025.

 

The Company has 15 days after the date it received notice of the Panel’s decision to request that the Nasdaq Listing and Hearing Review Council (the “Council”) review the decision, or the Council may, on its own motion, determine to review the Panel’s decision within 45 calendar days after the Company was notified of the decision.

 

Following suspension of trading on Nasdaq, the Company expects its common stock and preferred stock will be eligible for quotation on the OTC Pink Market under its existing symbol, “LUXH” and “LUXHP.” The Company also plans to apply for listing its common stock and preferred stock on a higher-tier OTC market, such as the OTCQB.

 

Item 9.01 Financial Statements and Exhibits

 

Exhibit   Description
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 1 

 

 

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: January 15, 2025 LUXURBAN HOTELS INC.
   
  By: /s/ Michael James
    Name: Michael James
    Title: Chief Finaicial Officer

 

 2 

 

 

 

v3.24.4
Cover
Jan. 15, 2025
Document Type 8-K
Amendment Flag false
Document Period End Date Jan. 15, 2025
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 212 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 (833)
Local Phone Number 723-7368
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, $0.00001 par value per share  
Title of 12(b) Security Common Stock, $0.00001 par value per share
Trading Symbol LUXH
Security Exchange Name NASDAQ
13.00% Series A Cumulative Redeemable Preferred Stock, $0.00001 par value per share  
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
LuxUrban Hotels (NASDAQ:LUXHP)
Historical Stock Chart
From Jan 2025 to Feb 2025 Click Here for more LuxUrban Hotels Charts.
LuxUrban Hotels (NASDAQ:LUXHP)
Historical Stock Chart
From Feb 2024 to Feb 2025 Click Here for more LuxUrban Hotels Charts.