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InnSuites Hospitality Trust Says Potential Reverse Merger Remains Under Review
InnSuites Hospitality Trust (IHT) said Thursday it continues to evaluate opportunities to increase shareholder equity, including a potential reverse merger, as part of its diversification strategy.The company said its two hotels generated combined revenue of about $2.9 million during the first four months of fiscal 2027.Separately, InnSuites said it amended its fiscal 2026 Form 10-K to correct the audit opinion date and the classification of a mortgage note maturing in December 2029.The company said it also holds an investment in UniGen Power and has maintained uninterrupted annual dividend payments.Shares of the company were up nearly 17% in Thursday's premarket trading.
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