Company: GIPRW
Filing Date: 2025-11-07
Form Type: DEF 14A
Source: 0001193125-25-272581
Chunk: 24

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-11-07
Form: DEF 14A
Chunk 24
---
ification at the Annual Meeting.

Our bylaws do not require that the stockholders ratify the appointment of CohnReznick LLP as our independent registered public accounting firm. We are seeking ratification because we believe it is a sound corporate governance practice. If the stockholders do not ratify the appointment, our audit committee will reconsider whether to retain CohnReznick LLP, but may retain CohnReznick LLP in any event. Even if the appointment is ratified, the audit committee, in its discretion, may change the appointment at any time during the year if it determines that a change would be in the best interests of the Company and its stockholders.

MaloneBailey LLP served as the Company’s independent registered public accounting firm for the Company’s fiscal years ended December 31, 2023 and 2022, and the subsequent interim periods through July 19, 2024. On July 19, 2024, the Company determined that MaloneBailey LLP would no longer serve as the Company’s independent registered public accounting firm and would be dismissed effective as of such date.

During the Company’s fiscal years ended in December 31, 2024 and 2023, and the subsequent interim periods through July 19, 2024, the effective date of MaloneBailey’s dismissal, there were no “disagreements” (as defined in Item 304(a)(1)(iv) of Regulation S-K) between MaloneBailey and the Company on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which disagreements, if not resolved to the satisfaction of MaloneBailey, would have caused MaloneBailey to make reference thereto in its reports on the financial statements for such years. Also, there have been no “reportable events” (as defined in Item 304(a)(1)(v) of Regulation S-K). MaloneBailey’s report on the Company’s consolidated financial statements for the fiscal year ended December 31, 2022 did not contain any adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles. Malone Bailey’s report on the Company’s consolidated financial statements for the fiscal year ended December 31, 2023, contained an explanatory paragraph related to the Company’s ability to continue as a going concern, but did not contain an adverse opinion or a disclaimer of opinion, nor was it qualified or modified as to audit scope or accounting principles.

During the fiscal years ended December 31, 202