GIPR amends $551K convertible note, conversion at 80% of market price, maturity Feb 2027

GENERATION INCOME PROPERTIES, INC.

Original $1M note from Brown Family assigned to Silverback; restated as $551,437 convertible note due Feb 10, 2027 at 9% interest.
Conversion price set at 80% of the average of three lowest trading prices during ten trading days preceding conversion.
Second amendment on Feb 24, 2026 set floor price of $0.10 per share and capped conversion at 19.9% of outstanding shares without stockholder approval.
On Feb 18, 2026, Silverback converted $26,304 into 60,000 shares of common stock.
Note is unregistered; issued under Section 3(a)(9) exchange exemption; no commission paid.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

GENERATION INCOME PROPERTIES, INC. issued 60,000 Conversion Shares of common stock to Silverback Capital Corporation for $26,304.

Security: common stock
Shares: 60,000 Conversion Shares
Purchaser: Silverback Capital Corporation
Consideration: $26,304

Exact text from the filing

On February 18, 2026, the Noteholder converted $26,304 of the balance of the First Amended Note into an aggregate of 60,000 Conversion Shares.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GENERATION INCOME PROPERTIES, INC. amended First Amended Note with Silverback Capital Corporation valued at $551,437 (effective 2026-02-10).

Action: amendment
Agreement: notes offering
Counterparty: Silverback Capital Corporation
Value: $551,437
Effective: 2026-02-10

Exact text from the filing

On February 10, 2026, Generation Income Properties, Inc. (the “Company”) entered into an Amended and Restated Convertible Note (the “First Amended Note”) in the principal amount of $551,437 with Silverback Capital Corporation (the “Noteholder”).

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GENERATION INCOME PROPERTIES, INC. filing history →

Source: SEC EDGAR

accession 0001193125-26-071590

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