Genesis Holdings, Inc. (OTCID: GNIS) CEO Oscar Brito today released a letter to shareholders detailing the completion of a balance sheet restructuring that converted substantially all legacy convertible debt into preferred equity, eliminating toxic conversion discounts and variable pricing. The restructuring resulted in a pro forma positive stockholders' equity of approximately $901,550 as of June 30, 2026, a swing of roughly $3.0 million from the prior year-end deficit. Brito emphasized that this foundation now allows the company to focus on growth.
Brito highlighted the upcoming launch of two funds under the Travaleo platform in partnership with Aurami Capital and Miami Real Investment (MRI). The first fund, a direct offering targeting $30 million focused on branded luxury real estate, is expected to launch by the end of August, supported by roadshows across Latin America beginning in Mexico. The second fund is in advanced discussions with a Mexico-based wealth management firm managing approximately $5 billion in assets, though no definitive agreement has been reached. These initiatives aim to provide structured access to luxury real estate investments for accredited investors.
Additionally, Genesis plans to relaunch its MetroCrowd platform for traditional real estate segments through an acquisition strategy targeting mid-sized property management firms. These firms would serve as operating partners, similar to Aurami Capital's role in the luxury segment. Brito noted that no definitive agreements have been signed for any acquisitions. The company also views these steps as building blocks toward achieving a national securities exchange listing, which would provide access to more cost-effective capital.
Brito acknowledged that the financial results are unaudited and may differ materially from final filings. The letter also included forward-looking statements regarding the timing and completion of fund launches, acquisitions, and listing goals, noting risks such as economic conditions and capital availability. For more information, visit Travaleo and Aurami Capital.
