LuxUrban Hotels Announces Reverse Stock Split to Boost Nasdaq Compliance

Nasdaq, Friday, 15 November 2024.
LuxUrban Hotels Inc. will execute a 1:70 reverse stock split on November 20, 2024, reducing shares from 151.85 million to 2.17 million. This strategic move aims to enhance the company’s position on Nasdaq and drive shareholder value in the urban lodging market.