LuxUrban Hotels announced significant insider participation in its recently closed public offering. Referencing the July 16, 2024 news release whereby the Company announced the closing of a public offering, for gross proceeds of approximately $5.1M, and today’s earlier announcement of the exercise of the underwriter’s over allotment, for gross proceeds of approximately $765,000, Robert Arigo CEO, Michael James CFO, five board members, and Brian Ferdinand the original founder participated in the offering and invested approximately $1,500,000 or 25% of the total money raised.
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