SplitJul 10, 2026, 09:06 AM
Generation Income Properties Completes 1-for-10 Reverse Stock Split
AI Summary
Generation Income Properties, Inc. completed its previously announced 1-for-10 reverse stock split on July 9, 2026, to increase its stock's bid price and maintain Nasdaq listing compliance. The split reduced the number of outstanding shares from approximately 10.3 million to 1.03 million, with trading on a split-adjusted basis commencing July 10, 2026. All outstanding warrants were proportionally adjusted, with the exercise price increasing from $10.00 to $100.00 per share, and fractional shares were rounded up.
Key Highlights
- Completed a 1-for-10 reverse stock split of common stock.
- Effective July 9, 2026, at 5:00 p.m. Eastern Time.
- Shares outstanding reduced from 10,304,015 to approximately 1,030,402.
- Common stock began trading on a split-adjusted basis on July 10, 2026.
- Warrant exercise price adjusted from $10.00 to $100.00 per share.
- Warrants now exercisable for 0.10 shares of common stock.
- Fractional shares were rounded up to the next whole share.
- New CUSIP number is 37149D402.
Price Impact
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