Resurgent Realty Trust (RRT), a shareholder of Generation Income Properties, Inc., issued an open letter containing a non-binding term sheet submitted to GIPR’s Board of Directors on January 30, 2025. RRT proposes to acquire 51% of the issued and outstanding common stock of GIPR.
RRT believes that significant, unrealized value exists within GIPR that is currently being squandered by management. The proposed transaction aims to effect a change in board composition, senior management, and the company’s strategic direction.
This non-binding offer signals a potential shift in corporate control and strategy for GIPR. Such proposals often lead to increased scrutiny of current management and a re-evaluation of the company's direction.
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