An update from LuxUrban Hotels ( (LUXH) ) is now available.
LuxUrban Hotels Inc. has announced a one-for-seventy reverse stock split, aiming to enhance its position within Nasdaq Capital Markets and improve trading prospects. This move, approved by stockholders, reduces outstanding shares from approximately 151.85 million to 2.17 million, while also allowing flexibility in issuing additional shares by waiving the 19.99% share limit under Nasdaq rules. The reverse split will take effect on November 20, 2024, maintaining the trading symbol ‘LUXH.’
For an in-depth examination of LUXH stock, go to TipRanks’ Stock Analysis page.
Trending Articles
- Deutsche Bank Pounds the Table on Tesla Stock
- ‘Breath of Fresh Air,’ Says Daniel Ives About Rivian Stock
- ‘It’s Not Too Late to Load Up,’ Says Analyst About Nvidia Stock
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
