LuxUrban Hotels (LUXH) Proxy Filing summary

Executive summary

• Special meeting scheduled for November 12, 2024, to address critical corporate actions.

• Supplement provides updates to the Definitive Proxy Statement filed on October 31, 2024.

• Continued Nasdaq listing is contingent on stockholder approval and implementation of the Reverse Stock Split.

Voting matters and shareholder proposals

• Stockholders are to vote on the Reverse Stock Split, a key condition for continued Nasdaq listing.

• No fractional shares will be issued; holdings will be rounded up, with possible cash payment in cases of arbitrage abuse.

• Voting can be done virtually or by proxy, with options to change votes before or during the meeting.

Shareholder rights and capital structure

• Reverse Stock Split will not alter voting rights, dividend rights, or other characteristics of common stock.

• Shares post-split remain fully paid and non-assessable.