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LuxUrban Hotels (LUXH) has issued an announcement.
LuxUrban Hotels Inc. has raised $2 million through a private placement, selling 8 million shares to an existing shareholder at $0.25 each, with the investor having the option to acquire an additional 8 million shares later. The company appointed Patrick McNamee, a seasoned executive with extensive experience in healthcare and technology, to its board of directors and relevant committees. Brian L. Ferdinand, the company’s founder, stepped down from the board, which now consists of seven independent directors.
For an in-depth examination of LUXH stock, go to TipRanks’ Stock Analysis page.