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.