LuxUrban Hotels Prices Public Offering Of Initial 280K Shares Of Its 13.00% Series A Cumulative Redeemable Preferred Stock With A Liquidation Preference Of $25/Share
Portfolio Pulse from Benzinga Newsdesk
LuxUrban Hotels has priced its public offering of 280,000 initial shares of its 13.00% Series A Cumulative Redeemable Preferred Stock at a liquidation preference of $25 per share.
October 25, 2023 | 6:58 am
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LuxUrban Hotels' public offering of 280,000 initial shares of its 13.00% Series A Preferred Stock could impact its stock price.
The public offering of LuxUrban Hotels' initial shares could lead to an increase in the supply of shares in the market, which could potentially impact the stock price. However, the effect on the stock price will depend on the demand for these shares.
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