Genesis Holdings, Inc. (OTCID: GNIS) CEO Oscar Brito released a letter to shareholders Wednesday detailing the company’s financial turnaround and outlining growth initiatives, including planned fund launches through its Travaleo platform and a strategic acquisition strategy to relaunch MetroCrowd.
Brito said the company has resolved its legacy convertible debt structure, which had previously been ‘working against our shareholders’ due to toxic conversion discounts and variable pricing. Through negotiations with noteholders, Genesis converted two-thirds of outstanding convertible debt into Series D Preferred Stock, eliminating conversion-related dilution. As a result, the company’s pro forma balance sheet as of June 30, 2026, shows positive stockholders’ equity of approximately $901,550, a roughly $3.0 million swing from a stockholders’ deficit at the end of last year.
‘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,’ Brito wrote, cautioning that the figures are unaudited and subject to change.
With the balance sheet repaired, Brito said the company is now focused on growth initiatives, primarily its partnership with Aurami Capital and Miami Real Investment (MRI) through the Travaleo platform. The company expects to have two funds actively in the market by the end of August. The first is a direct offering alongside Aurami Capital targeting approximately $30 million, focused on branded luxury real estate, supported by roadshows across Latin America starting in Mexico.
The second potential fund involves advanced conversations with a Mexico-based wealth management firm managing approximately $5 billion in assets. Brito noted there is no assurance of a definitive agreement but expressed confidence that the company’s platform is positioned to give investors structured access to branded luxury real estate.
In the next phase, Genesis plans to relaunch MetroCrowd, a platform for traditional real estate segments such as single-family homes, multifamily properties, and commercial debt. The company is actively seeking to acquire profitable, mid-sized property management firms to serve as the operational backbone for MetroCrowd, similar to how Aurami Capital operates alongside the luxury platform. Brito cautioned that no definitive agreements have been signed and there is no assurance of completing any particular transaction.
Brito also highlighted a goal of achieving a national securities exchange listing, which would be supported by the cleaner capital structure, demonstrated fund launch capability, and a growing base of operating businesses. ‘We have more work ahead of us than behind us. But for the first time since we took over this Company, I can say with confidence that the foundation is in place,’ he said.
The letter includes forward-looking statements regarding the anticipated timing, size, and completion of fund launches, potential relationships, and acquisitions, noting that actual results may differ materially due to risks and uncertainties.
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