Genesis Holdings, Inc. (OTCID: GNIS) released a letter from CEO Oscar Brito to shareholders detailing the company's turnaround over the past six months, including a restructured balance sheet and new growth initiatives. The letter, issued July 13, 2026, emphasizes that the company has moved from a legacy convertible debt structure that diluted shareholders to a foundation built for growth.
Brito stated that the most challenging part of the turnaround was renegotiating legacy convertible debt with noteholders. The company announced earlier this month that substantially all noteholders agreed to exchange two-thirds of their outstanding balances into a newly designated Series D Preferred Stock, capitalizing the majority of legacy debt. This eliminated conversion discounts and other dilutive features, materially reducing the cost of capital. As a result, the pro forma balance sheet as of June 30, 2026, reflects positive stockholders' equity of approximately $901,550, compared to a stockholders' deficit at the end of last year—a roughly $3.0 million swing achieved by capitalizing legacy debt rather than outside financing. Brito cautioned that this is a pro forma, unaudited presentation and final reported financial statements may differ.
With the balance sheet fixed, Genesis is focusing on growth initiatives, particularly its partnership with Aurami Capital and Miami Real Investment (MRI) through the Travaleo platform. The company expects to have two funds in the market 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 beginning in Mexico. The second involves advanced conversations with a prominent Mexico-based wealth management firm managing about $5 billion in assets, regarding a potential second fund. Brito noted that no definitive agreement is guaranteed, but the platform is positioned to become a leading vehicle for branded luxury real estate investments.
Genesis is also planning to relaunch MetroCrowd, a platform for traditional real estate segments such as single-family homes, multifamily properties, and commercial debt. The relaunch will be pursued alongside an acquisition strategy targeting profitable, mid-sized property management firms to serve as the operating arm for MetroCrowd, similar to how Aurami Capital operates with the luxury platform. Brito emphasized that no definitive agreements have been signed for this strategy.
Every decision, from fixing the balance sheet to launching funds and pursuing acquisitions, is also a step toward a national securities exchange listing. Brito believes a cleaner capital structure, demonstrated execution on fund launches, and a growing base of operating businesses position Genesis to access more cost-effective capital and grow on better terms for shareholders. The company's websites include Aurami Capital, Miami Real Investment, Travaleo, and Genesis Holdings.
Brito concluded that while more work lies ahead, the foundation is in place and he is excited about the future. The letter includes forward-looking statements and cautions that actual results may differ materially due to risks such as economic conditions, competition, and the success of growth initiatives.
