SINGAPORE, April 09, 2025 — (NYSE American: GNS) – Genius Group, a leading education group focused on AI and Bitcoin, announced that a substantial majority (97.5%) of shareholders approved a share repurchase program.
Following the shareholder approval on April 7, 2025, the Board of Directors has authorized management to proceed with the buyback. The timing will be determined by management. The buyback covers up to the maximum 20% of the company’s shares allowed under Singapore law for approval at an Extraordinary General Meeting (EGM), and will adhere to all applicable Singaporean, federal securities laws, and NYSE regulations.
The company has previously stated its inability to issue shares under its employee share compensation plan due to a Preliminary Injunction (PI) from the United States District Court Southern District of New York (SDNY), in effect since March 13, 2025. This restriction prevents compliance with Singapore employment laws.
To comply with Singapore law, the Board has approved cash payments in place of share issuances for affected employees. These employees are permitted to voluntarily reinvest these payments into company shares through open market purchases, subject to securities laws.
CEO Roger Hamilton stated, “While a US court prevents us from selling shares, there is no restriction on buying them. The overwhelming shareholder vote for a buyback shows support for our efforts to protect Genius Group and its shareholders from the excessive operational restrictions imposed by the court.”
“We will continue to inform the court, through all available channels, about the fraud being perpetrated on both the court and the company. This fraud has led to the current block on our ability to raise capital, compensate employees, fund growth, or acquire Bitcoin.”
About Genius Group
Genius Group (NYSE: GNS) is a Bitcoin-first business delivering AI powered, education and acceleration solutions for the future of work. Genius Group serves 5.4 million users in over 100 countries through its Genius City model and online digital marketplace of AI training, AI tools and AI talent. It provides personalized, entrepreneurial AI pathways combining human talent with AI skills and AI solutions at the individual, enterprise and government level. To learn more, please visit .
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Forward-Looking Statements
This press release contains forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are identifiable by terms like “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or similar expressions. Such statements are subject to inherent risks, trends, and uncertainties, many of which are difficult to predict and may cause actual results to differ significantly from projected or suggested outcomes. Readers should not rely excessively on these statements and should consider the listed factors along with the “Risk Factors” in the Company’s Annual Reports on Form 20-F, as supplemented or amended by the Company’s Reports of a Foreign Private Issuer on Form 6-K. The company is not obligated to update or revise forward-looking statements due to new information, subsequent events, or other reasons. No information in this press release should be interpreted as an indicator of the company’s future revenues, operating results, or stock price.
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