The S-3 prospectus includes the details as it relates to shares of IHT Common Stock that may be offered and issued from time to time. The amount of gross proceeds received will depend upon the number of shares issued, and the market price of the Common Stock at the time of such sales.
It is expected that the net proceeds from the sale of shares of Common Stock will be used for general corporate purposes, including repayment of outstanding indebtedness, and the repurchase of our outstanding equity securities. Further diversification may include additional
The Common Stock of IHT was first listed in 1971, on the
IHT plans to announce soon, a Dividend Declaration payable on or around
IHT hotel operations are maintaining their solid start in the current 2025 Fiscal Year (
For more information, visit www.innsuitestrust.com and www.innsuites.com.
Forward-Looking Statements
With the exception of historical information, matters discussed in this news release may include “forward-looking statements” within the meaning of the federal securities laws. All statements regarding IHT’s review and exploration of potential strategic, operational, and structural alternative diversification investments, and expected associated costs and benefits, as well as statements related to continuation of its 54 years of uninterrupted payment of annual dividends, are forward-looking. Actual developments and business decisions may differ materially from those expressed or implied by such forward-looking statements. Important factors, among others, that could cause IHT’s actual results and future actions to differ materially from those described in forward-looking statements include the uncertain outcome, impact, effects and results of IHT’s success in finding potential qualified purchasers in S-3 issued stock, for its hospitality real estate, or a reverse merger partner. Continuation of growth of hospitality revenues and/or profit growth, timely collection of receivables, the success of and timing of the
FOR FURTHER INFORMATION:
602-944-1500
email: mberg@innsuites.com
INNSUITES HOSPITALITY CENTRE
1730 E. NORTHERN AVENUE, #122
Phone: 602-944-1500
Source:
2024 GlobeNewswire, Inc., source