Generation Income Properties receives Nasdaq notice for non-compliance with equity listing rule

Generation Income Properties, Inc. (NASDAQ:GIPR) announced it received a notice from The Nasdaq Stock Market LLC on Wednesday stating that the company is not in compliance with the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market. The information is based on a statement in a recent SEC filing.

According to Nasdaq Listing Rule 5550(b)(1), companies must maintain at least $2.5 million in stockholders’ equity. In its quarterly report for the period ended June 30, 2025, Generation Income Properties reported a stockholders’ equity deficit of $965,694, which falls below the required threshold. The company also does not meet alternative listing standards, which include a market value of listed securities of at least $35 million or net income of at least $500,000 from continuing operations in the most recent fiscal year or in two of the last three fiscal years.

The Nasdaq notice does not immediately affect the listing status of Generation Income Properties’ common stock, which continues to trade on the Nasdaq Capital Market under the symbol GIPR. The company has 45 calendar days from the date of the notice, until October 3, 2025, to submit a plan to Nasdaq outlining how it intends to regain compliance with continued listing standards.

If Nasdaq accepts the company’s compliance plan, Generation Income Properties may receive an extension of up to 180 calendar days from the date of the notice to demonstrate compliance. If the plan is not accepted, or if the company fails to regain compliance within the allowed period, Nasdaq could issue a notice of delisting. In that case, the company would be entitled to request a hearing before a Nasdaq Hearings Panel, which would temporarily stay any suspension or delisting action.

The company stated it is evaluating various actions to regain compliance and intends to submit a plan within the required timeframe.

This article is based on a press release statement contained in the company’s recent SEC filing.

In other recent news, Generation Income Properties announced the sale of two properties for approximately $10.5 million. The company utilized the proceeds from these sales to pay off existing debt. The properties sold included an industrial building occupied by Auburn University in Huntsville, Alabama, and a building occupied by Starbucks (NASDAQ:SBUX) in Tampa, Florida. The Huntsville property was sold at a 4.06% cap rate, while the Tampa property was sold at a 5.82% cap rate. These transactions are part of Generation Income Properties’ ongoing efforts to manage its portfolio and financial obligations. The company did not provide further details on the impact of these sales on its future operations or financial performance.

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