Genesis Holdings, Inc. (OTCID: GNIS) CEO Oscar Brito released a letter to shareholders on July 13, 2026, announcing the completion of a major balance sheet restructuring and the beginning of a growth phase. The letter, published via NewMediaWire, outlines the company's transformation over the past six months and its strategic initiatives moving forward.
Brito emphasized that the restructuring of legacy convertible debt was the most challenging part of the turnaround. The company converted two-thirds of its outstanding notes into Series D Preferred Stock, eliminating conversion discounts and dilutive mechanisms. As a result, pro forma stockholders' equity as of June 30, 2026, is approximately $901,550, a swing of about $3.0 million from a deficit at the end of last year. Brito cautioned that the figures are unaudited and may change.
With the balance sheet stabilized, Genesis is now focusing on growth. The company, through its Travaleo platform, expects to launch two funds by the end of August. The first is a $30 million direct offering with Aurami Capital focused on branded luxury real estate, supported by roadshows in Latin America starting in Mexico. The second fund, still in advanced discussions, involves a Mexico-based wealth management firm managing approximately $5 billion in assets. Brito noted that no definitive agreements are in place for the second fund.
Additionally, Genesis plans to relaunch MetroCrowd, its platform for traditional real estate segments such as single-family homes and multifamily properties, through acquisitions of mid-sized property management firms. These firms would serve as operating partners, similar to Aurami Capital's role in luxury real estate. Brito stressed that no definitive agreements have been signed for these acquisitions.
The CEO stated that these initiatives are steps toward a national securities exchange listing, which would provide access to more cost-effective capital. He expressed confidence in the company's foundation but acknowledged that more work lies ahead.
The letter includes forward-looking statements and cautions that actual results may differ materially due to risks such as economic conditions, competition, and the success of growth initiatives. Interested parties can view the original release on NewMediaWire.
