Generation Income Properties Announces Closing of $15 Million Public Offering and Uplisting to Nasdaq

Sep 09, 2021

TAMPA, FL / ACCESSWIRE / September 8, 2021 / Generation Income Properties, Inc. (OTCQB:GIPR) ("GIP" or the "Company") today announced the closing of its previously announced underwritten public offering of 1,500,000 units at a price to the public of $10 per unit. GIP is a Maryland real estate investment corporation focused on retail, office and industrial net lease properties located primarily in major and coastal U.S. cities. Each unit issued in the offering consisted of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $10. The units are listed on The Nasdaq Capital Market ("Nasdaq") and began trading under the ticker symbol "GIPRU" on September 3, 2021. Once the securities comprising the units begin separate trading, the shares of common stock and warrants are expected to begin trading on the Nasdaq under the symbols "GIPR" and "GIPRW," respectively. GIP received gross proceeds of $15 million, before deducting underwriting discounts and commissions and other estimated offering expenses.

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