{"url_path":"/sec/iht/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-06-22","source_url":"https://www.sec.gov/Archives/edgar/data/82473/0001493152-26-029438-index.html","accession_number":"0001493152-26-029438","cik":"0000082473","ticker":"IHT","issuer_name":"INNSUITES HOSPITALITY TRUST","edgar_url":"https://www.sec.gov/Archives/edgar/data/82473/0001493152-26-029438-index.html","primary_entity_key":"0000082473","primary_entity_name":"INNSUITES HOSPITALITY TRUST"},"word_count":337,"has_tables":true,"body_markdown":"ITEM\n2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS\n\n \n\nHolders\nof the Trust’s Shares of Beneficial Interest are entitled to receive dividends when and if declared by the Board of Trustees of\nthe Trust out of funds legally available. The holders of Shares of Beneficial Interest, upon any liquidation, dissolution or winding-down\nof the Trust, are entitled to share ratably in any assets remaining after payment in full of all liabilities of the Trust. The Shares\nof Beneficial Interest possess ordinary voting rights, each share entitling the holder thereof to one vote. Holders of Shares of Beneficial\nInterest do not have cumulative voting rights in the election of Trustees and do not have preemptive rights.\n\n \n\nFor\nthe three months ended April 30, 2026 and 2025, the Trust repurchased 3,747 and 18,456 Shares of Beneficial Interest at an average price\nof $1.11 and $1.38 per share, respectively. The average price paid includes brokerage commissions. The Trust intends to continue repurchasing\nShares of Beneficial Interest in compliance with applicable legal and NYSE AMERICAN requirements. The Trust’s management continues\nto believe the Trust share price does not recognize the Trust’s full value and/or full potential, due to depreciated book values\nsignificantly below market value, continued strengthening of hotel operations and cost controls, with potential additional room rate\nincreases and occupancy increases, the substantial potential of the UniGen efficient clean energy investment, and the redevelopment of\nIBC Hotels for independent hotels, including its five-year option to purchase at cost, if successful. During the three months ended April\n30, 2026, the Trust acquired 3,747 Shares of Beneficial Interest in open market transactions. During Fiscal Year 2026 (February 1, 2025 to\nJanuary 31, 2026), the Trust repurchased 265,087 IHT Shares at an average price of $1.72 per share.\n\n \n\nOther\nRecent Pronouncements\n\n \n\nOther\nrecent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force) and the SEC did not or are not believed\nby management to have a material impact on the Company’s present or future consolidated financial statements.\n\n \n\n42"}