Financing ·
Generation Income Properties, Inc. entered into a Debt Conversion Agreement on July 24, 2026, to convert $120,000 of…
GIPRWGeneration Income Properties, Inc.
Generation Income Properties, Inc. entered into a Debt Conversion Agreement on July 24, 2026, to convert $120,000 of outstanding debt owed by its Operating Partnership to the David E. Sobelman Revocable Trust into 162,163 shares of common stock at a conversion price of $0.74 per share. This conversion extinguished the outstanding debt and reduced the outstanding principal of a $610,000 promissory note. The company believes it now has stockholders' equity in excess of $5 million, which is necessary to maintain Nasdaq compliance. Generation Income Properties, Inc. is a real estate investment trust that manages income-producing properties.