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LuxUrban Hotels Inc. 8-K Report Insights: Stock Details & Compliance Highlights

$LUXH
Form 8-K
Filed on: 2025-01-15
Source
LuxUrban Hotels Inc. 8-K Report Insights: Stock Details & Compliance Highlights

Here's an analysis of the provided section of the financial report, focusing on the most important information:

  1. Entity Information:
  • Name: LuxUrban Hotels Inc.
  • CIK: 0001893311
  • SEC Filing Type: 8-K (Current report)
  • Filing Date: January 15, 2025
  • Location: 212 Biscayne Blvd Suite 253, Miami, FL 33137
  • Contact Number: (833) 723-7368
  1. Securities Information:
  • Common Stock:
    • Par Value: $0.00001 per share
    • Ticker Symbol: LUXH
    • Series A Cumulative Redeemable Preferred Stock:
    • Par Value: $0.00001 per share
    • Ticker Symbol: LUXHP
    • Dividend Rate: 13.00%
  1. Reporting Period:
  • The report is as of January 15, 2025, indicating a single-day reporting period.
  1. Stock Classifications:
  • Common Stock and Series A Cumulative Redeemable Preferred Stock are explicitly defined under the US GAAP classification.
  • The context identifies specific members of stock classes, indicating potential for detailed shareholder categorization.
  1. Units of Measure:
  • Financial figures are reported in USD (United States Dollar) and shares.
  • The report uses a dual measurement system indicating USD per share.
  1. Regulatory Compliance:
  • The filing adheres to XBRL (eXtensible Business Reporting Language) standards, indicating compliance with modern reporting requirements enforced by the SEC.
  1. Company Identifier Information:
  • The CIK number and SEC filing references suggest that this company is publicly traded, providing transparency and accountability to investors.

Insights:

  • The presence of both common and preferred stock suggests that LuxUrban Hotels Inc. is utilizing different equity instruments to attract various types of investors.
  • The 13.00% dividend on the Series A Cumulative Redeemable Preferred Stock may be attractive to income-focused investors, indicating a strategy to raise capital while providing returns to investors.
  • The company appears to be in compliance with SEC regulations regarding disclosures, which is essential for maintaining investor trust and market credibility.

This structured information highlights key financial aspects, compliance, and strategies of LuxUrban Hotels Inc. as disclosed in the SEC filing.