Genesis Holdings, Inc. (OTCID: GNIS) CEO Oscar Brito released a letter to shareholders detailing the company's progress in restructuring its balance sheet and outlining growth initiatives. The letter, issued on July 13, 2026, highlights the successful conversion of legacy convertible debt into preferred equity, resulting in positive stockholders' equity of approximately $901,550 as of June 30, 2026, compared to a deficit at the end of last year.
Brito emphasized that the elimination of toxic conversion discounts and variable pricing mechanics from the company's capital structure was a critical step. "For the first time since this management team arrived, Genesis is standing on a capital structure built for growth rather than one working against it," he stated. The restructuring involved renegotiating notes with individual holders and converting two-thirds of outstanding balances into Series D Preferred Stock.
With the balance sheet stabilized, Genesis is focusing on growth initiatives through its Travaleo platform. 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. The second involves advanced discussions with a Mexico-based wealth management firm managing about $5 billion in assets for a potential fund, though no definitive agreement is in place.
Additionally, Genesis plans to relaunch its MetroCrowd platform for traditional real estate segments, including single-family homes and multifamily properties. The company is actively seeking to acquire profitable mid-sized property management firms to serve as operating partners for MetroCrowd, similar to Aurami Capital's role for luxury real estate. Brito cautioned that no definitive agreements have been signed for any acquisitions.
The CEO also highlighted that these initiatives are steps toward achieving a national securities exchange listing, which would provide access to more cost-effective capital. "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," Brito wrote.
Forward-looking statements in the letter are subject to risks and uncertainties, including the success of growth initiatives and the ability to raise capital. The company assumes no obligation to update these statements.
For more information, visit Travaleo and Aurami Capital.
