Recent Updates — IHT
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.
InnSuites Hospitality Trust reported that shareholders approved the ratification of BCRG Group as its independent registered public accountant at the August 12, 2026 annual meeting. The company highlighted strong operational performance, citing a record-setting July revenue of $597,323 and total fiscal first-half revenues exceeding $4.1 million for the period ending July 31, 2026. Management noted ongoing discussions regarding a potential reverse merger partner and continued focus on diversification projects. InnSuites Hospitality Trust operates hotels in Arizona.
InnSuites Hospitality Trust dismissed BCRG Group as its independent registered public accounting firm and appointed S&E (formerly part of BCRG Group) following S&E's acquisition of BCRG's attest business. The previous auditor's reports for fiscal years 2025 and 2026 included an explanatory paragraph regarding substantial doubt about the Trust's ability to continue as a going concern. InnSuites Hospitality Trust operates in the hospitality industry and manages hotel properties.
InnSuites Hospitality Trust received a written notice from NYSE American LLC indicating non-compliance with continued listing standards due to a stockholders' deficit of approximately $(921,921) and net losses in two of its three most recent fiscal years. The Trust must submit a compliance plan by July 24, 2026, to regain compliance by December 24, 2027. InnSuites Hospitality Trust operates in the hospitality industry and manages hotel properties.