Genesis Holdings, Inc. (OTCID: GNIS) CEO Oscar Brito released a letter to shareholders on Monday detailing the company's turnaround progress and outlining growth plans. Brito stated that the company's balance sheet has been fixed after renegotiating legacy convertible debt, which had been diluting shareholder value. The restructuring converted two-thirds of outstanding note balances into Series D Preferred Stock, eliminating conversion discounts and reducing the cost of capital. As a result, pro forma stockholders' equity as of June 30, 2026, is approximately $901,550, compared to a deficit at the end of last year—a roughly $3.0 million improvement.
With the balance sheet stabilized, Brito said the company is now focused on growth initiatives. The partnership with Aurami Capital and Miami Real Investment (MRI) through the Travaleo platform is expected to launch two funds by the end of August. The first is a direct offering targeting $30 million for branded luxury real estate, supported by roadshows in Latin America starting in Mexico. The second potential fund involves advanced discussions with a Mexico-based wealth management firm managing about $5 billion in assets, though no definitive agreement has been reached. Brito emphasized that these initiatives aim to provide structured access to branded luxury real estate for accredited investors.
Additionally, Genesis plans to relaunch MetroCrowd, a platform for traditional real estate segments such as single-family homes and multifamily properties. The relaunch will be paired with an acquisition strategy targeting profitable mid-sized property management firms to serve as operating partners. No definitive agreements have been signed, and there is no assurance of completing any transaction. Brito also highlighted that these efforts are steps toward a national securities exchange listing, which would allow the company to access more cost-effective capital and grow on better terms for shareholders.
The CEO acknowledged that the restructuring process was difficult but necessary, and that the foundation is now in place for growth. He cautioned that pro forma figures are unaudited and may differ from final reported financial statements. The company's forward-looking statements involve risks and uncertainties, and actual results could differ materially. More information is available at Travaleo and Aurami Capital.
