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AI brief of an SEC Form 8-K · INNSUITES HOSPITALITY TRUST (IHT)

InnSuites converts $3 million related-party credit line into 1,829,268 IHT shares

Mixed Impact 3 of 5 financing Written later

InnSuites Hospitality Trust agreed to convert the $3,000,000 balance on its revolving credit line with affiliate Rare Earth Financial, LLC into 1,829,268 shares of common stock, priced at $1.64 per share. The conversion adds shares to the count and removes the debt owed to this affiliate. The company also reported a record July 2026 revenue total and first-half fiscal 2027 revenue above $4.1 million.

Key points

  • Debt Conversion Agreement executed August 19, 2026 converts $3,000,000 principal owed to Rare Earth Financial, LLC into IHT common stock, with $0 accrued interest and $0 other amounts.
  • 1,829,268 shares to be issued at $1.64 per share, the closing price on August 18, 2026 on the NYSE American, as agreed by the Board of Trustees and NYSE American.
  • Two hotels recorded a July revenue total of $597,323, the highest July total ever for the two hotels combined.
  • IHT total revenues for the fiscal first half of 2027 (February 1 to July 31, 2026) exceeded $4.1 million; the company continues to seek a reverse merger partner.

The filing

CompanyINNSUITES HOSPITALITY TRUST (IHT)
Form8-K, current report
Filed with the SECAug 20, 2026, 6:27 AM ET
Accession number0001493152-26-039352

Items reported: 1.01 Material Definitive Agreement3.02 Unregistered Equity Sale8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 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 August 20, 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.