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GIPR amends preferred equity terms on Iowa SPE; Nasdaq extends equity compliance deadline to August 4, 2026
GENERATION INCOME PROPERTIES, INC.
- Second A&R Agreement simplifies preferred return from 8% (6.5% cash + 1.5% accrued) to 6.5% monthly cash-only on $3.08M investment in Iowa SPE.
- Preferred equity term extended automatically by one year to Aug 2027; up to three one-year extensions with stepped IRR hurdles (9.5%-12.5%).
- Nasdaq Panel granted extension to Aug 4, 2026 to regain compliance with $2.5M equity requirement; no assurance of compliance.
- Operating partnership may call preferred units after Aug 2026 at IRR hurdle; JCWC has redemption rights with 180-day notice.