Generation Income Properties, Inc. priced a public offering of 23,825,000 shares of common stock (or pre-funded warrants) and 23,825,000 warrants at a combined price of $0.21 per share and warrant. The company received net proceeds of approximately $4.4 million, which it intends to use for working capital and to redeem a portion of $13 million in preferred equity held in a subsidiary.
