Generation Income Properties Announces Closing of Underwriters' Option To Purchase Additional Units in Connection With Its Public Offering

Oct 01, 2021

TAMPA, FL / ACCESSWIRE / September 30, 2021 / Generation Income Properties, Inc. ("GIP" or the "Company") (NASDAQ:GIPRU), a Maryland real estate investment corporation focused on retail, office and industrial net lease properties located primarily in major and coastal U.S. cities, today announced the closing of the sale of an additional 165,000 Units, with each Unit consisting of one share of common stock and one warrant to purchase one share of common stock, at a price of $10 per Unit pursuant to the partial exercise of the underwriters' over-allotment option in connection with its public offering that closed on September 8, 2021. The partial exercise of the over-allotment option resulted in gross proceeds of approximately $1,650,000, bringing the total gross proceeds of the public offering to approximately $16,650,000.

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