Resurgent Realty Trust Makes Non-Binding Offer to Acquire Controlling Interest in Generation Income Properties, Inc. (“GIPR”)
Generation Income Properties Inc. (GIPR)
Company Research
Source: GlobeNewswire
VIRGINIA BEACH, Va., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Resurgent Realty Trust (“RRT”), a shareholder of Generation Income Properties, Inc. (NASDAQ: GIPR) (“GIPR” or the “Company”), issued today an open letter containing a non-binding term sheet RRT submitted to GIPR’s Board of Directors (the “Board”) on January 30, 2025. As a shareholder of GIPR, RRT believes significant, unrealized value exists that is currently being squandered by management. RRT is proposing to acquire majority ownership of GIPR, thereby allowing it to effect a change in board composition, senior management and the Company’s strategic direction. The full text of the term sheet presented to GIPR is as follows: Non-Binding Summary Term Sheet January 30, 2025 T
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Sec Filings
- 2/14/25 - Form D
- 2/10/25 - Form 8-K
- 1/2/25 - Form 8-K
- GIPR's page on the SEC website