Generation Income Properties (GIPR) has released an update to notify the public and investors about an entry into a material definitive agreement.
On January 31, 2024, Generation Income Properties, Inc. redeemed all its issued and outstanding Series A Redeemable Preferred Stock by issuing 2,794,597 common stock shares to the former sole holder of the preferred stock. This transaction was executed under an optional redemption right, in compliance with the Securities Act of 1933 and state laws, without any commission or remuneration for solicitation.
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For a comprehensive understanding of the announcement, you can read the full document here.
