Genesis Holdings, Inc. (OTCID: GNIS) CEO Oscar Brito released a letter to shareholders on July 13, detailing the company's progress in fixing its balance sheet and outlining growth initiatives. The letter highlights the completion of a restructuring that converted legacy convertible debt into preferred equity, eliminating dilutive conversion discounts and improving the company's financial position.
Brito noted that upon taking over six months ago, the company faced a "toxic convertible debt structure" with variable pricing mechanics that risked diluting shareholder value. Through negotiations with noteholders, Genesis converted two-thirds of outstanding balances into Series D Preferred Stock, capitalizing the majority of legacy debt. The pro forma balance sheet as of June 30, 2026, reflects positive stockholders' equity of approximately $901,550, a roughly $3.0 million swing from a deficit at the end of 2025. Brito cautioned that the figures are unaudited and may differ in final filings.
With the balance sheet stabilized, Genesis is focusing on growth, particularly through its Travaleo platform and partnership with Aurami Capital and Miami Real Investment (MRI). The company expects to launch two funds before the end of August. The first is a direct offering with Aurami Capital targeting approximately $30 million for branded luxury real estate, supported by roadshows across Latin America starting in Mexico. The second involves advanced discussions with a Mexico-based wealth management firm managing about $5 billion in assets for a potential second fund, though no definitive agreement is in place.
Genesis is also planning to relaunch its MetroCrowd platform for traditional real estate segments such as single-family homes, multifamily properties, and commercial debt. The company intends to pursue acquisitions of profitable, mid-sized property management firms to serve as operating partners for MetroCrowd, similar to Aurami Capital's role in luxury real estate. No definitive agreements have been signed for these acquisitions.
Brito emphasized that these initiatives support the company's goal of achieving a national securities exchange listing, which would provide access to more cost-effective capital. He concluded that while significant work remains, the foundation is now in place for growth. The letter includes forward-looking statements and notes risks such as the failure to complete fund launches or acquisitions, availability of capital, and competitive factors.
For more information, visit Aurami Capital and Miami Real Investment.
