Genesis Holdings, Inc. (OTCID: GNIS) released a letter from CEO Oscar Brito to shareholders detailing the company's transformation over the past six months, including a fixed balance sheet, upcoming fund launches, and a growth strategy centered on acquisitions.
Brito emphasized the critical work of restructuring legacy convertible debt, which had been a drag on shareholder value. 'Renegotiating our legacy convertible debt - note by note, holder by holder - has been, without question, the most difficult and time-consuming part of this turnaround,' he wrote. The company converted substantially all noteholder 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, a roughly $3.0 million improvement from a deficit at year-end 2025. Brito noted the figures are unaudited and may differ in final filings.
With the balance sheet repaired, the company is focusing on growth through its Travaleo platform and the partnership with Aurami Capital and Miami Real Investment (MRI). Brito expects two funds to be in the market 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. The second involves advanced discussions with a Mexico-based wealth management firm managing $5 billion in assets. He cautioned that no definitive agreement exists but expressed confidence in the platform's positioning.
Genesis also plans to relaunch MetroCrowd, a platform for traditional real estate segments like single-family homes and multifamily properties, through acquisitions. The company is actively seeking profitable, mid-sized property management firms to serve as operating partners. No definitive agreements have been signed.
Brito highlighted that these steps align with the goal of achieving a national securities exchange listing. 'A cleaner capital structure, a demonstrated ability to execute on fund launches, and a growing base of operating businesses are the building blocks that make that goal achievable,' he said.
The letter includes forward-looking statements and cautions that actual results may differ materially from expectations. Risks include economic conditions, competition, and failure to complete transactions.
