Business: LuxUrban Hotels Inc. Series A Cumulative Redeemable Preferred Stock liquidation preference $25 per share, redeemable at the issuer's option on or before 10/26/2026 at $26 (104%) per share plus accrued and unpaid dividends; on or after 10/26/2026 at $25.50 (102%) per share plus accrued and unpaid dividends; and with no stated maturity. <p> Cumulative distributions of 13% per annum ($3.25 per annum or $0.27083 per month) will be paid Monthly on the last day of the month to holders of record on the record date fixed by the board, not more than 60 days or less than (__) days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). <p> In the event that the shares are no longer listed on the NYSE, the AMEX or the Nasdaq exchanges and are also not subject to SEC reporting requirements, the dividend rate will be increased to 6.0% per annum and the security until a relisting event. Upon the occurrence of a change of control resulting in the common shares of the surviving entity no longer being listed on the NYSE, the AMEX or the Nasdaq exchanges the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. <p> This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of distributions and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.