Generation Income Properties, Inc. (NASDAQ: GIPR) entered into an inducement agreement on September 18, 2026, to facilitate the immediate exercise of outstanding warrants. The transaction involves a holder exercising warrants for 4,074,359 shares of common stock at an exercise price of $1.05 per share. The gross proceeds from this exercise are expected to be approximately $4,278,076.95, prior to deducting financial advisory fees and estimated offering expenses.
In exchange for the immediate cash exercise, the Company agreed to issue new unregistered warrants to the holder. These reload warrants allow the purchase of an aggregate of 8,148,718 shares of common stock, which is 200% of the number of shares obtained from the original exercise. The reload warrants also have an exercise price of $1.05 per share and will be exercisable upon stockholder approval. They will expire five years from the date of that approval.
Maxim Group LLC served as the Company's exclusive financial advisor for the transaction and is receiving a cash fee of $299,465. The Company has agreed to file a registration statement with the SEC covering the resale of the shares issued or issuable upon exercise of the new warrants. The transaction closed on September 21, 2026.
