Luxurban Hotels INC 8-K filings

LuxUrban Hotels Inc. and its subsidiaries have initiated Chapter 11 bankruptcy proceedings to restructure debt while maintaining business operations.

LuxUrban Hotels Inc. announced the immediate resignation of Brian Ferdinand from his roles as interim Chief Executive Officer and a member of the Board of Directors, effective June 25, 2025.

LuxUrban Hotels Inc. has reached a comprehensive settlement agreement for its 123 Washington Street property, resolving litigation and significantly reducing its total liabilities by over $12 million through a $3.4 million settlement payment.

LuxUrban Hotels Inc. announced the dismissal of its independent registered public accounting firm, Grassi & Co., CPAs, P.C., and the appointment of Bush & Associates CPA, with the prior auditor's reports including a substantial doubt about the company's ability to continue as a going concern.

Brian Ferdinand will transition from Interim CEO to Non-Executive Chairman after the filing of the 2024 annual report, with day-to-day operations continuing under President Brandon Elster and CFO Mike James.

Dan Shapiro resigns from LuxUrban Hotels Inc.'s Board of Directors, effective immediately, with no reported disagreements.

LuxUrban Hotels Inc. announces the departure of its Chief Operating Officer, Robert Arigo, and the voluntary forfeiture of salary and benefits by Interim CEO Brian Ferdinand.

LuxUrban Hotels subsidiary settles litigation with Apple Eight Hospitality, relinquishing Hotel 57 operations and eliminating approximately $14 million in liabilities.

LuxUrban Hotels reports the resignation of a director, adjustment of preferred stock dividend rate due to delisting, and a change of principal executive office address.

LuxUrban Hotels Inc. reaches a settlement agreement with Greenle Partners LLC to resolve disputes over previous agreements, issuing $10.12 million in restricted common stock.

LuxUrban Hotels Inc. has announced the timing for its February 2025 monthly dividend payment of $0.2708333 per share for its Series A Cumulative Redeemable Preferred Stock.

LuxUrban Hotels has secured up to $10 million in new financing through the issuance of Senior Secured OID Notes and warrants, while also modifying its existing August 2024 debt to accommodate the new funding.

LuxUrban Hotels Inc. received notice from Nasdaq on January 15, 2025, that its securities will be delisted due to non-compliance with listing rules.

LuxUrban Hotels Inc. issued 335,579 shares of common stock to August Investors as an in-kind interest payment, following a debt modification agreement allowing for stock-based payments.

LuxUrban Hotels Inc. received a notification from Nasdaq on January 9, 2025, indicating non-compliance with listing rules due to failure to hold its annual shareholder meeting within the required timeframe.

LuxUrban Hotels has received a notice from Nasdaq stating that it has not regained compliance with the minimum market value requirement for continued listing.

LuxUrban Hotels has announced the payment date for its January 2025 monthly dividend on its Series A Cumulative Redeemable Preferred Stock.

LuxUrban Hotels has amended its bylaws to reduce quorum requirements and issued a single share of super-voting Series B Preferred Stock to its President and Chief Development Officer, Brandon Elster, for $100, ahead of a planned reverse stock split vote.

LuxUrban Hotels has appointed five new directors, including Brian Ferdinand as interim CEO, while also shifting its current CEO to COO, and terminating a previously announced joint venture.

LuxUrban Hotels Inc. reports the voluntary resignation of Jeffrey Webb from its board of directors, effective December 5, 2024.

LuxUrban Hotels has announced the payment date for its December monthly dividend on its Series A Cumulative Redeemable Preferred Stock.

LuxUrban Hotels has announced a joint venture to enhance operations and reported a significant net loss for Q3 2024 due to strategic portfolio changes and litigation reserves.

LuxUrban Hotels Inc. has announced a 1-for-70 reverse stock split and secured approval for Nasdaq compliance, aiming to strengthen its market position and enable future growth.

LuxUrban Hotels has finalized a $10.4 million debt placement and is planning a reverse stock split to improve its financial position.

LuxUrban Hotels has received an extension from Nasdaq to regain compliance with listing rules, requiring a reverse stock split by November 21, 2024.

LuxUrban Hotels has been granted a conditional extension to maintain its Nasdaq listing, contingent on a reverse stock split approval and implementation by specific deadlines.

LuxUrban Hotels has declared a regular monthly dividend of $0.2708333 per share for its Series A Cumulative Redeemable Preferred Stock, payable on November 29, 2024.

LuxUrban Hotels Inc. reports the resignation of board member Patrick McNamee, effective October 24, 2024.

LuxUrban Hotels has extended its debt placement offering to November 6, 2024, and modified the terms of its convertible notes and warrants, including lowering conversion and exercise prices.

LuxUrban Hotels has declared a regular monthly dividend of $0.2708333 per share for its Series A Cumulative Redeemable Preferred Stock, payable on October 31, 2024.