Generation Income Properties, Inc. Announces 1-For-10 Reverse Stock Split

About this update from Generation Income Properties Inc.

TAMPA, FL / ACCESS Newswire / July 8, 2026 / Generation Income Properties, Inc. (NASDAQ:GIPR) (the "Company") today announced that its Board of Directors has unanimously approved a 1-for-10 reverse stock split of the Company's issued and outstanding common stock, par value $0.01 per share (the "Reverse Stock Split"). 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 at 5:00 p.m., Eastern Time, on July 9, 2026. The Company's common stock will continue to be traded on The Nasdaq Capital Market on a split-adjusted basis beginning at the market open on July 10, 2026, under the Company's existing trading symbol "GIPR." The Reverse Stock 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 The Nasdaq Capital Market. The new CUSIP number following the Reverse Stock Split will be 37149D402. The Company filed Articles of Amendment to its charter with the Maryland Secretary of State on July 8, 2026 to effect the Reverse Stock Split. The Reverse Stock Split will affect all shareholders uniformly and will not alter any shareholder's percentage ownership interest in the Company, except to the extent that the Reverse Stock Split results in that shareholder owning a fractional share as described in more detail below. The Reverse Stock Split will reduce the number of shares of common stock issued and outstanding from approximately 10,304,015 to approximately 1,030,402. The total number of authorized shares of common stock will remain unchanged. No fractional shares will be issued in connection with the Reverse Stock Split. Any fraction of a share of common stock that would be created as a result of the Reverse Stock Split will be rounded up to the next whole share. The Reverse Stock Split will also result in proportional adjustments being made to all outstanding warrants, restricted stock, restricted stock units, or similar securities entitling their holders to receive or purchase shares of the Company's common stock. Specifically, the Company's publicly traded warrants are being adjusted such that each warrant shall be exercisable for 0.10 shares of the Company's common stock and the exercise price of the warrants is adjusted on a 10:1 basis to increase the exercise price from $10.00 per share to $100.00 per share.

View stock analysis, news, and events for Generation Income Properties Inc.