# GENERATION INCOME PROPERTIES, INC. (GIPRW) — delisting [announced]
Source: SEC API (secapi.ai) · situation sit_ba1e275959894bd411c1 · retrieved 2026-08-11T16:14:19.242Z

## Overview
Generation Income Properties, Inc. is a Maryland-incorporated real estate investment trust (REIT) that owns and operates income-producing properties.

On July 24, 2026, Generation Income Properties, Inc. and its operating partnership entered into a Debt Conversion Agreement with the David E. Sobelman Revocable Trust to convert $120,000 of outstanding debt under a May 29, 2025 promissory note (originally $610,000) into common stock. The conversion was completed on the same date at a price per share of $0.74 (the Nasdaq Official Closing Price on July 23, 2026), resulting in the issuance of 162,163 shares of common stock to the Sobelman Trust. Upon conversion, the converted debt was deemed paid in full and extinguished, reducing the outstanding debt under the note.

## Terms
- Counterparty: David E. Sobelman Revocable Trust · Deal value: $120,000 · Consideration: stock · Price/share: $0.74

## Key dates
- Announced 2026-07-27

## Timeline
- 2026-07-27 · 8-K (0001193125-26-316965): 8-K - GENERATION INCOME PROPERTIES, INC. — *Generation Income Properties, Inc. is a Maryland-incorporated real estate investment trust (REIT) that owns and operates income-producing properties.* On July 24, 2026, Generation Income Properties, Inc. and its operating partnership entered into a Debt Conversion Agreement with the David E. Sobelman Revocable Trust to convert $120,000 of outstanding debt under a May 29, 2025 promissory note (originally $610,000) into common stock. The conversion was completed on the same date at a price per share of $0.74 (the Nasdaq Official Closing Price on July 23, 2026), resulting in the issuance of 162,163 shares of common stock to the Sobelman Trust. Upon conversion, the converted debt was deemed paid in full and extinguished, reducing the outstanding debt under the note.
  https://www.sec.gov/Archives/edgar/data/1651721/0001193125-26-316965.txt

## Citations
- 0001193125-26-316965 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526316965