Formation of Greenlite Holdings, Inc. as Securities Offering Issuer

Salt Lake City, UT — (October 1, 2025) — Greenlite Holdings, LLC (“Greenlite”) today announced the formation of Greenlite Holdings, Inc., a Delaware C‑corporation that will serve as the issuer for the company’s upcoming Regulation A securities offering. The transition from a limited liability company to a C‑corporation supports Greenlite’s long‑term growth plans by enabling the issuance of multiple classes of stock and accommodating an unlimited number of investors.

A C‑corporation structure is often chosen by companies preparing for an initial public offering or seeking substantial equity capital because public offerings require the flexibility to issue common stock and adhere to strict regulatory standards. Unlike S corporations, which are limited to 100 shareholders and exclude non‑U.S. investors, C‑corporations can have an unlimited number of shareholders and attract venture capital and institutional investors. The C‑corporation framework also allows for multiple classes of stock, which can provide different rights and preferences to investors. Additionally, the formalized governance structure of a C‑corporation, including a board of directors and regular shareholder meetings, helps boost investor confidence by offering a clear, organized way of overseeing the business.

“The formation of Greenlite Holdings, Inc. is a significant milestone in our corporate evolution,” said Jonathan Lewis, founder and CEO. “This new structure lays the groundwork for our Regulation A offering, enhances our corporate governance and opens the door to a broader base of investors.”

The company plans to headquarter Greenlite Holdings, Inc. in Oklahoma City and is currently searching for an appropriate office location for its new corporate base.

Greenlite Holdings, Inc. will be the entity issuing shares to investors under the upcoming Regulation A offering. In parallel, Greenlite Holdings, LLC will continue managing the existing portfolio until all assets are disposed of through planned dispositions; once those sales are completed, the LLC will wind down operations. The LLC is not expected to become a subsidiary of the new corporation.

About Greenlite Holdings

Greenlite Holdings is a multifamily real estate investment firm founded in 2013 in Phoenix, Arizona, and now headquartered in Salt Lake City, Utah. The company specializes in transforming underperforming multifamily properties into high‑performing assets through disciplined underwriting, hands‑on management and strategic capital improvements. Greenlite is preparing Regulation A and Regulation D securities offerings and has recently formed Greenlite Holdings, Inc. to serve as the issuer for its public offering. The corporation plans to base its headquarters in Oklahoma City once suitable office space is secured.

^{This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offering of securities will be made only by means of formal offering documents, which should be reviewed carefully before any investment decision. Past performance is not necessarily indicative of future results. Forward‑looking statements are subject to risks and uncertainties; actual results may differ materially. Greenlite undertakes no obligation to update any forward‑looking statements.}