InnSuites completes $3M debt-to-equity conversion

InnSuites Hospitality Trust (IHT) completed a $3 million debt-to-equity conversion on August 19, 2025, increasing its total equity to $2,078,079, surpassing the NYSE American minimum requirement of $2 million. The transaction eliminated $3 million in debt from the company's balance sheet, and investors can access detailed financial metrics through InvestingPro.

The company submitted a compliance plan to NYSE American on July 24, with an 18-month cure period to regain compliance. IHT reported record hotel revenue for July, totaling $600,293, and exceeded $4 million in total hotel revenues for the first half of fiscal 2026. Shareholders re-elected Steven S. Robson to the board of trustees and approved BCRG as independent auditors during the annual meeting on August 12.

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