Genesis Holdings, Inc. (OTCID: GNIS) CEO Oscar Brito released a letter to shareholders on July 13, 2026, outlining the company's turnaround efforts and future growth strategy. Brito emphasized that the company's balance sheet has been restructured, converting legacy convertible debt into preferred equity, resulting in positive stockholders' equity of approximately $901,550 as of June 30, 2026, compared to a deficit at the end of last year. This $3.0 million swing was achieved by capitalizing legacy debt, eliminating conversion discounts and dilutive mechanics that had burdened shareholders.
With the balance sheet fixed, Brito said the company is now focusing on growth initiatives. Key among them is the partnership with Aurami Capital and Miami Real Investment (MRI) under the Travaleo platform. The company expects to have two funds in the market by the end of August. The first is a direct offering with Aurami Capital targeting $30 million focused on branded luxury real estate, supported by roadshows in Latin America. The second involves advanced conversations with a Mexico-based wealth management firm managing $5 billion in assets for a potential fund, though no definitive agreement is in place.
Brito also outlined plans to relaunch MetroCrowd, a platform for traditional real estate segments like single-family homes and multifamily properties, through acquisitions of mid-sized property management firms. These firms would serve as the operating arm for MetroCrowd, similar to how Aurami Capital operates for the luxury platform. No definitive agreements have been signed yet.
The CEO stated that these steps are building toward a national securities exchange listing, as a cleaner capital structure and demonstrated execution on fund launches position Genesis to access more cost-effective capital. Brito acknowledged the work ahead but expressed confidence in the company's foundation.
For more information, visit Travaleo, Aurami Capital, and Miami Real Investment.
