Genesis Holdings, Inc. (OTCID: GNIS) CEO Oscar Brito released a letter to shareholders on July 13, 2026, detailing the company's turnaround and future growth plans. Brito stated that the company has fixed its balance sheet by converting legacy convertible debt into preferred equity, eliminating toxic conversion discounts and reducing dilution. The pro forma balance sheet as of June 30, 2026, shows positive stockholders' equity of approximately $901,550, a roughly $3.0 million improvement from the deficit at the end of last year. Brito noted that this is unaudited and final figures may differ.
With the balance sheet restructured, Genesis is now focusing on growth initiatives, particularly its partnership with Aurami Capital and Miami Real Investment (MRI) under its Travaleo platform. Brito expects two funds to be 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 in Latin America starting in Mexico. The second is in advanced discussions with a Mexico-based wealth management firm managing $5 billion in assets, though no definitive agreement is in place.
Genesis also plans to relaunch its MetroCrowd platform for traditional real estate segments, aiming to acquire mid-sized property management firms to serve as operating partners. Brito emphasized that no definitive agreements have been signed for these acquisitions. The company's long-term goal is a national securities exchange listing, which Brito believes is achievable through a cleaner capital structure, successful fund launches, and a growing base of operating businesses.
Brito acknowledged the difficulty of restructuring the debt, which involved negotiating with each noteholder individually. The process converted two-thirds of outstanding balances into Series D Preferred Stock, capitalizing most of the legacy debt and materially reducing the cost of capital. He cautioned that forward-looking statements regarding fund launches, acquisitions, and listing are subject to risks and uncertainties, and there is no assurance of completion.
