Company: GIPRW
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0000950170-25-109457
Chunk: 3

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 2
Chunk 3
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 Partnership and as of June 30, 2025 owned 99.6% of the outstanding common units of the Operating Partnership. The Company formed a Maryland entity GIP REIT OP Limited LLC in 2018 that owns 0.001% of the Operating Partnership.

Public Offering and Nasdaq Listing

In September 2021, the Company closed an underwritten public offering of 1,665,000 units at a price to the public of $10 per unit generating net proceeds of $13.8 million including issuance costs incurred during the years ended December 31, 2021 and 2020.  Each unit consisted of one share of common stock and one warrant to purchase one share of common stock at an exercise price equal to $10