Generation Income Properties converts $120K debt into 162,163 shares at $0.74/share

GENERATION INCOME PROPERTIES, INC.

Converted $120,000 of outstanding debt under a $610,000 promissory note into 162,163 common shares.
Conversion price of $0.74 per share based on Nasdaq closing price on July 23, 2026.
Debt conversion, combined with prior preferred equity amendment, brings stockholders' equity above $5M.
Company notes Nasdaq will monitor compliance; delisting risk remains if not sustained.
Shares issued to David E. Sobelman Revocable Trust in a private placement under Section 4(a)(2).

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