Generation Income Stock Trades Flat at 21 Cents With $5 Million Financing Ahead of Nasdaq Deadline
Generation Income Properties Inc traded at $0.207 early Thursday in U.S. pre-market, down nearly 1.4 cents from the last close. The small REIT out of Tampa, Florida, is drawing attention after a fresh stock-and-warrant financing. At that price, the Nasdaq-listed firm’s market cap sat around $1.4 million. Big capital raises make a difference when the company’s public equity is this small. Selling new shares means cash, but it dilutes existing holders, and with the stock trading at just cents, that can sting.