Financing ·
InnSuites Hospitality Trust converted $3,000,000 of debt owed to affiliate Rare Earth Financial, LLC into equity
IHTInnsuites Hospitality Trust
InnSuites Hospitality Trust converted $3,000,000 of debt owed to affiliate Rare Earth Financial, LLC into equity. The conversion occurred on August 19, 2026, resulting in the issuance of 1,829,268 shares of common stock at a price of $1.64 per share. The company reported record July revenues of $597,323 and first-half fiscal 2027 revenues exceeding $4.1 million. InnSuites Hospitality Trust operates hotels in the hospitality industry.