Generation Income Properties Inc（GIPR）のニュースとイベントGIPRGeneration Income Properties Inc

Generation Income Properties Approves 1-for-10 Reverse Stock Split

Generation Income Properties has unanimously approved a 1-for-10 reverse stock split of the company's issued and outstanding common stock, par value 1c per share. Upon the effectiveness of the reverse stock split, every ten issued and outstanding shares of the company's common stock will be converted into one share of company common stock. The reverse stock split is expected to take effect on July 9. The company's common stock will continue to be traded on Nasdaq on a split-adjusted basis beginning at the market open on July 10 under the company's existing trading symbol "GIPR." The split is intended to increase the bid price of the company's common stock so that the company can regain compliance with the minimum bid price requirement of $1.00 per share for continued listing on Nasdaq. The new CUSIP number following the split will be 37149D402. The split will affect all shareholders uniformly and will reduce the number of shares of common stock issued and outstanding from approximately 10,304,015 to approximately 1,030,402.

Generation Income Properties Prices Public Offering of 23.825 Million Shares

Generation Income Properties "announced the pricing of its best-efforts public offering of 23,825,000 shares of its common stock and warrants to purchase up to 23,825,000 shares of common stock, at a combined public offering price of $0.21 per share and accompanying warrant. The warrants will have an exercise price of $0.21 per share, will be exercisable immediately upon issuance and will expire on the fifth anniversary of the original issuance date. The warrant exercise price and the number of shares underlying the warrants are subject to certain adjustments in connection with share splits or share combinations, among other customary adjustments. Maxim Group LLC is acting as sole placement agent in connection with this offering."