---
title: "Generation Income Properties Revises Series B Preferred Units to Support Nasdaq Equity Compliance"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293071896.md"
description: "Generation Income Properties amended its Series B-1 and B-2 Preferred Units to support permanent equity classification and Nasdaq compliance. The Eighth Amendment waives cash redemption for B-1 units, enabling a 1:1 exchange into common stock starting July 24, 2026. The Ninth Amendment similarly waives redemption for B-2 units with a 1:1 exchange starting February 6, 2027, while increasing the preferred return from $0.33 to $0.39 per unit."
datetime: "2026-07-17T20:23:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293071896.md)
  - [en](https://longbridge.com/en/news/293071896.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293071896.md)
generator: "portal-rs"
---

# Generation Income Properties Revises Series B Preferred Units to Support Nasdaq Equity Compliance

Generation Income Properties amended the terms of its Series B-1 and Series B-2 Preferred Units to bolster permanent equity classification and aid Nasdaq compliance. Under the Eighth Amendment, the B-1 holder waived cash redemption rights and gains a 1:1 exchange into common stock beginning Jul 24, 2026, with settlement at the company’s discretion. Under the Ninth Amendment, the B-2 holder similarly waived cash redemption, gains a 1:1 exchange starting Feb 6, 2027, and receives an increased preferred return from $0.33 to $0.39 per unit. The changes follow the company’s recent 1-for-10 reverse stock split and are intended to strengthen stockholders’ equity.

**Agreement 1: Generation Income Properties Amends Series B-1 Units; Holder Waives Cash Redemption, Sets 1:1 Exchange**

-   **Agreement type**: Eighth Amendment to Amended and Restated Limited Partnership Agreement; Series B-1 Standstill and Omnibus Consent
-   **Counterparty**: LMB Owenton I
-   **Signed / Effective**: Jul 16 2026 / same
-   **Duration / Termination**: At will
-   **Reason**: Support equity classification and Nasdaq compliance

**Agreement 2: Generation Income Properties Amends Series B-2 Units; Raises Return, 1:1 Stock Exchange From Feb 2027**

-   **Agreement type**: Ninth Amendment to Amended and Restated Limited Partnership Agreement; Series B-2 Omnibus Consent and Amendment to Related Agreements
-   **Counterparty**: Lloyd M. Bernstein
-   **Signed / Effective**: Jul 16 2026 / same
-   **Duration / Termination**: At will
-   **Reason**: Support equity classification and Nasdaq compliance

Original SEC Filing: GENERATION INCOME PROPERTIES, INC. \[ GIPR \] - 8-K - Jul. 17, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**