Genesis Holdings, Inc. (OTCID: GNIS) CEO Oscar Brito released a letter to shareholders on July 13, 2026, declaring the company's balance sheet is now positioned for growth after a six-month restructuring effort. The company eliminated its legacy convertible debt structure, which Brito described as working against shareholders due to toxic conversion discounts and variable pricing mechanics.
Through negotiations with noteholders, Genesis converted two-thirds of outstanding convertible debt into Series D Preferred Stock, capitalizing the substantial majority of legacy debt. This resulted in a pro forma positive stockholders' equity of approximately $901,550 as of June 30, 2026, compared to a deficit at year-end 2025. Brito emphasized the results are unaudited and may differ, but called it a "roughly $3.0 million swing" achieved without outside financing.
With the balance sheet stabilized, Brito outlined growth initiatives centered on the Travaleo platform and its partnership with Aurami Capital, a subsidiary of Miami Real Investment (MRI). The company expects to have two funds in the market by the end of August. The first is a direct offering with Aurami Capital targeting $30 million for branded luxury real estate, supported by roadshows across Latin America starting in Mexico. The second involves advanced conversations with a Mexico-based wealth management firm managing approximately $5 billion in assets for a potential second fund. Brito cautioned that no definitive agreements are in place and there is no assurance of completion.
Genesis also plans to relaunch MetroCrowd, a platform for traditional real estate segments such as single-family homes, multifamily properties, and commercial debt. The relaunch will be pursued alongside an acquisition strategy targeting profitable, mid-sized property management firms to serve as operating partners, similar to Aurami Capital's role in luxury real estate. Brito noted no definitive agreements have been signed for this strategy.
Brito highlighted that these initiatives are steps toward achieving a national securities exchange listing, which would provide access to more cost-effective capital. "We believe this positions Genesis to access more cost-effective capital over time, which in turn should allow us to grow this Company on better terms for all of our shareholders," he stated.
The letter also addressed forward-looking statements, with Brito cautioning that there can be no assurance regarding final timing of fund launches, the Mexico relationship, MetroCrowd relaunch, acquisitions, or exchange listing. The full original release is available on NewMediaWire.
