Generation Income Properties amends preferred units to lift stockholders’ equity above $2.5 million Nasdaq minimum
GIPR•Preferred unit amendments aim to support Nasdaq equity compliance
Generation Income Properties disclosed amendments to its Series B-1 and Series B-2 Preferred Units to remove holder-controlled cash redemption rights.
Redemption rights were replaced with an exchange right into common stock, aiming to support permanent equity classification for financial reporting.
The move is intended to lift stockholders’ equity above Nasdaq’s USD 2.5 million continued listing threshold.
Nasdaq’s compliance deadline is Aug. 4, 2026; the company plans to seek a compliance determination.
