GlobeNewswire Inc. · Nov 15, 2024
LuxUrban Hotels Inc. Announces Reverse Stock Split and Nasdaq Compliance Approval
LuxUrban Hotels Inc. (LUXH) announced a 1-for-70 reverse stock split to strengthen its position on the Nasdaq Capital Markets and improve its stock's trading profile. The company also received shareholder approval to waive the 19.99% share limitation, allowing it to maintain Nasdaq listing compliance while maximizing its financing flexibility.

