Generation Income Properties redeems $4.16 million Loci preferred equity in full
Generation Income Properties said LC2, an affiliate of Loci Capital Partners, confirmed on September 24, 2026 that its preferred equity investment in GIP SPE, LLC has been fully redeemed for $4,160,217, funded mainly by net proceeds from a warrant exercise disclosed on September 21, 2026. The company said the redemption removes the preferred investment from its balance sheet, while its Nasdaq bid price compliance requirement remains outstanding.
Key points
- LC2 confirmed full redemption on September 24, 2026 of the remaining preferred equity in GIP SPE, LLC.
- Total remaining redemption payment and costs were $4,160,217, funded principally by net proceeds from the warrant exercise disclosed September 21, 2026.
- The original $14.1 million preferred investment from LC2 was partial financing for the August 2023 purchase of properties from Modiv Inc.
- The company must still maintain a closing bid price of at least $1.00 per share for Nasdaq compliance and says a reverse stock split is available if necessary.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 25, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.