$LuxUrban Hotels (LUXH.US)$ NEWS LuxUrban Hotels Launches Pr...
NEWS
LuxUrban Hotels Launches Proposed Public Offering of Securities
LuxUrban Hotels announced the launch of a proposed follow-on public offering of its common stock. The company, trading under the symbol LUXH on Nasdaq, will issue shares under a shelf registration statement declared effective by the SEC on May 8, 2024. This offering is being managed by Roth Capital Partners, with Alexander Capital as co-manager. Proceeds will be used for working capital and general corporate purposes. Participation may include certain officers, directors, and holders of 5% or more of the company's common stock. The offering's completion and terms are subject to market conditions.
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Shaul Heymans : is this suppose to be a good news? The share not increasing but decreasing...
Jaguar8OP Shaul Heymans: It is dilution of shares
Shaul Heymans Jaguar8OP: Fuck this company...really fucker