SINGAPORE, Feb. 12, 2025 — (NYSE American: GNS) Genius Group, an AI-driven, Bitcoin-focused education company, announced its Board of Directors has scheduled an Extraordinary General Meeting (EGM). The purpose is to gain shareholder approval for a share buyback program (up to 20% of issued shares) and the creation of new ordinary and preferred share classes.
Due to the current share price being below the exercise price of its previously announced rights offering, the Board has cancelled that offering. The Company intends to continue expanding its Bitcoin Treasury using existing reserves and other funding sources.
All exercised rights will expire worthless, and subscription payments from those who exercised their rights will be promptly refunded by the Subscription Agent without interest or penalties.
Genius Group CEO, Roger Hamilton, commented that the Company’s market capitalization is only half the value of its Bitcoin Treasury and 30% of its net asset value. He stated the Board is dedicated to enhancing shareholder value and adapting to market conditions.
Hamilton added that the Company has a robust growth plan for 2025 and anticipates that support from long-term shareholders at the EGM will facilitate value creation relative to asset and treasury growth.
The EGM will include votes on:
- Authorizing the Board to repurchase up to 20% of issued shares if the share price falls significantly below the value of the Bitcoin Treasury and net asset value.
- Amending the Company’s Constitution to allow the issuance of a new class of preferred shares with dividend payments; specific terms will be determined later.
- Amending the Company’s Constitution to allow the issuance of a new class of ordinary shares carrying 10 votes per share; specific terms will be determined later.
The record date for the EGM is February 24, 2025.
About Genius Group
Genius Group (NYSE: GNS) is a Bitcoin-first company providing AI-powered education and acceleration solutions for the future workforce. Serving 5.4 million users across 100+ countries, Genius Group utilizes its Genius City model and an online digital marketplace offering AI training, tools, and talent. It delivers personalized entrepreneurial AI pathways combining human capabilities with AI skills and solutions at individual, enterprise, and governmental levels.
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Forward-Looking StatementsÂ
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, often including words like “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or similar terms, are subject to risks and uncertainties. Actual results may differ materially. Readers should not place undue reliance on these forward-looking statements and should consider the risk factors detailed in the Company’s Annual Reports on Form 20-F and Reports of a Foreign Private Issuer on Form 6-K. The Company does not undertake to update forward-looking statements. No information herein should be interpreted as a prediction of future revenues, results, or stock price.
Contacts
MZ Group – MZ North America
(949) 259-4987
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