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LuxUrban Hotels Inc. 8-K Report: Key Stock Insights & Regulatory Compliance

$LUXH
Form 8-K
Filed on: 2024-12-20
Source
LuxUrban Hotels Inc. 8-K Report: Key Stock Insights & Regulatory Compliance

Based on the provided section of the financial report, here are the key insights and information extracted:

  1. Company Identification:
  • Entity Name: LuxUrban Hotels Inc.
  • CIK Number: 0001893311
  • SEC Filing Type: 8-K
  • Filing Date: December 20, 2024
  • Entity Address: 212 Biscayne Blvd Suite 253, Miami, FL 33137
  • Phone Number: (833) 723-7368
  1. Stock Information:
  • Common Stock:
    • Par Value: $0.00001 per share
    • Trading Symbol: LUXH
  • Preferred Stock:
    • Series A Cumulative Redeemable Preferred Stock
    • Par Value: $0.00001 per share
    • Trading Symbol: LUXHP
    • Ownership Percentage: 13.00%
  1. Filing Context:
  • The report provides financial information as of December 20, 2024.
  • It contains segments for different classes of stock, specifically:
    • Common Stock with a par value of $0.00001 per share.
    • Series A Cumulative Redeemable Preferred Stock with a par value of $0.00001 per share.
  1. Units of Measurement:
  • Financial figures are reported in U.S. Dollars (USD) and in shares.
  • There is an indication of a ratio or calculation involving USD and shares.
  1. Regulatory Compliance:
  • The report adheres to the XBRL (eXtensible Business Reporting Language) format, which is a requirement for SEC filings to improve the accessibility and analysis of financial data.

Insights:

  • The company appears to be actively involved in offering both common and preferred stock, indicating a potential strategy to attract different types of investors.
  • The preferred stock's ownership of 13.00% could imply a significant commitment from investors, which might influence the company's capital structure and financial strategy.
  • The low par value of both the common and preferred stock suggests that the company may have a strategy focused on growth and potentially reinvestment rather than high dividend payouts at this point in time.
  • The filing date indicates that this information is current and relevant for investors and analysts looking to understand the company's financial positioning as of late 2024.

Overall, this report provides a snapshot of LuxUrban Hotels Inc.'s capital structure and recent regulatory compliance, essential for stakeholders assessing investment opportunities.