Metrospaces Sells Tech Assets to Genesis in $1M Stock Deal

Metrospaces, Inc. (OTC: MSPC), a pioneering PropTech company specializing in AI-based property management and real estate tokenization, has announced a transformative agreement with Genesis Holdings, Inc. (OTC: GNIS) through a signed Letter of Intent. The landmark deal involves Metrospaces selling two of its most valuable technology assets - MetroCrowd, their blockchain-based real estate tokenization platform, and MetroHouse, their AI-powered property management software - to Genesis Holdings. In exchange, Metrospaces will receive $1 million in convertible preferred stock from Genesis, creating what the company describes as "the first true value-based path to rebuilding the company." This strategic move represents a significant restructuring for Metrospaces, allowing the company to unlock value from assets that had remained undeveloped due to previous financial constraints.

The transaction establishes a powerful operational partnership between the two publicly traded companies, with Genesis positioned to immediately activate and relaunch both MetroCrowd and MetroHouse platforms in the coming weeks. Adding to the strategic alignment, Metrospaces CEO Oscar Brito will assume the CEO role at Genesis Holdings once the transaction closes, ensuring full transparency and operational synergy across both organizations. This leadership consolidation creates what the companies describe as "operational clarity, cost efficiency, and a united front" in executing their shared missions. Meanwhile, Metrospaces retains its flagship hospitality platform Abode Stays, which focuses on premium short-term residences across Europe and the Americas, positioning the company for what it calls a "full relaunch" with renewed access to funding and a clear business strategy.

The announcement, distributed through NEWMEDIAWIRE, represents a pivotal moment for both companies and their stakeholders. For Metrospaces shareholders, this deal offers a tangible path forward after what the company acknowledges has been "not been an easy journey." The transaction structure allows Metrospaces to maintain exposure to the growth potential of MetroCrowd and MetroHouse through its equity position in Genesis while focusing its operational resources on Abode Stays. Both companies are currently refreshing their digital presence, with new websites and continued engagement through their respective X (formerly Twitter) accounts at @Metrospaces and @regnisnyc, ensuring stakeholders can follow the progress of these exciting developments in the PropTech space.