Why Is LuxUrban Hotels (LUXH) Stock Down 12% Today?
LUXHLuxUrban Hotels (LUXH) Investor Place·2024-07-29 20:45

LuxUrban Hotels (NASDAQ:LUXH) stock is taking a beating on Monday after the home leasing and rental company priced a public offering of its shares.LuxUrban Hotels priced 11,573,333 shares of LUXH stock at 15 cents each in this public offering. It also granted the underwriters of the offering a 30-day option to acquire another 15% of shares sold in this offering.LuxUrban Hotels is expecting gross proceeds of 1,736,000or1,736,000 or 1,996,400 from this offering depending on if rights are exercised. The company says it ...