Generation Income Properties converts $120,000 debt into 162,163 shares at $0.74 each
GIPR•Debt conversion under July 24 deal
- Generation Income Properties converted $120,000 of debt into equity under a July 24, 2026 debt conversion deal.
- The conversion was priced at $0.74 per share, issuing 162,163 common shares to the David E. Sobelman Revocable Trust.
- The transaction extinguished the converted balance, cutting outstanding debt under the May 29, 2025 promissory note.
- The company expects stockholders’ equity to exceed $5 million following this conversion and a prior preferred equity amendment.
