Generation Income Properties Announces 1-For-10 Reverse Stock Split

Corporate Action
โดย ACCESS Newswire·Read original
Summary · why it matters

Generation Income Properties has approved a 1-for-10 reverse stock split, effective after market close on July 9, 2026. The move will reduce outstanding shares from approximately 10.3 million to about 1.03 million, with the stock trading on a split-adjusted basis under the symbol GIPR starting July 10. The reverse split is intended to raise the bid price to regain compliance with Nasdaq's minimum $1.00 per share requirement. No fractional shares will be issued; any resulting fraction will be rounded up to the next whole share. Outstanding warrants will be adjusted so that each warrant becomes exercisable for 0.10 shares at an exercise price of $100.00 per share.

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