LuxUrban Hotels Announced That The Underwriter Of Its Underwritten Public Offering Has Exercised Its Over-allotment Option In Full To Purchase An Additional 4.5M Shares At The Public Offering Price Of $0.17/Share
Portfolio Pulse from Benzinga Newsdesk
LuxUrban Hotels announced that the underwriter of its underwritten public offering has exercised its over-allotment option in full to purchase an additional 4.5 million shares at the public offering price of $0.17 per share.
July 18, 2024 | 11:21 am
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LuxUrban Hotels' underwriter has exercised its over-allotment option in full, purchasing an additional 4.5 million shares at $0.17 per share. This could lead to a short-term increase in stock price due to the successful completion of the offering.
The successful exercise of the over-allotment option indicates strong demand for LuxUrban Hotels' shares, which is likely to positively impact the stock price in the short term.
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