UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact Name of Registrant as Specified in Charter)
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| (Address of Principal Executive Offices) | (Zip Code) |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
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Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Ticker symbol(s) | Name of each exchange on which registered | ||
| The Stock Market LLC | ||||
| The |
| Item 8.01 | Other Events |
As previously disclosed, certain investors (the “August Investors”) have participated in the debt placement with LuxUrban Hotels Inc. (the "Company") pursuant to a securities purchase agreement dated August 13, 2024.
On January 7, 2025, the Company issued 335,579 shares of common stock (the “Payment Shares”) to the August Investors as payment in kind, at a price of $0.542 per share, for the monthly interest payment due on January 5, 2025 (the “Payment Date”). The Payment Shares shall be valued at $0.01 above the lower of (a) the closing market price (during regular trading hours) of the Company’s common stock on December 16, 2024, or (b) the closing market price (during regular trading hours) of the Company’s common stock on the trading day immediately preceding the Payment Date, pursuant to a debt modification agreement dated December 16, 2024. A copy of the debt modification agreement is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K.
| Item 9.01 | Financial Statements and Exhibits |
| Exhibit | Description | |
| 99.1 | Form of Debt Modification Agreement dated December 16, 2024. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
| 1 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: January 13, 2025 | LUXURBAN HOTELS INC. | ||
| By: | /s/ Michael James | ||
| Name: | Michael James | ||
| Title: | Chief Finaicial Officer | ||
| 2 |