Genius Group files a Prospectus Supplement for a rights offering, allocating proceeds to its Bitcoin Treasury strategy.
Quiver AI Summary
Genius Group Limited has filed a Prospectus Supplement for its rights offering, with all net proceeds earmarked for acquiring Bitcoin to enhance its Bitcoin Treasury. The company plans to host an investor call on January 22, 2025, at 6:00 PM Eastern Time, led by CEO Roger Hamilton, to discuss details of the rights offering, the Bitcoin Treasury Strategy, and its outlook for 2025. The call will be accessible via a live webcast, and additional resources including an investor guide, recent presentations, and FAQs are also provided. Genius Group operates as a Bitcoin-first education group, leveraging AI to serve 5.4 million users across over 100 countries with innovative education solutions.
Potential Positives
- Genius Group is conducting a rights offering, which allows existing shareholders to purchase additional shares, demonstrating confidence in its business model.
- 100% of the net proceeds from the rights offering will be used to buy Bitcoin for the company's Bitcoin Treasury, potentially strengthening its investment strategy.
- The company is proactive in engaging with shareholders by providing guides and hosting an investor call to discuss the offering and its Bitcoin Treasury Strategy.
- Genius Group serves a large user base of 5.4 million across over 100 countries, highlighting its global reach and impact in the AI-powered education sector.
Potential Negatives
- The company's focus on utilizing 100% of net proceeds from the rights offering to buy Bitcoin may raise concerns about its financial stability and risk management strategies, especially in a volatile cryptocurrency market.
- The forward-looking statements highlighted in the release indicate significant uncertainty about the company's future performance, which may deter potential investors looking for stability.
- The emphasis on a Bitcoin-first strategy could alienate traditional investors who may prefer a more diversified approach to asset management.
FAQ
What is the purpose of Genius Group's rights offering?
The rights offering aims to raise funds, with 100% of net proceeds designated for purchasing Bitcoin for the Company's Bitcoin Treasury.
When will the investor call be held?
The investor call will take place on January 22, 2025, at 6.00 PM Eastern Time.
Who will host the investor call?
The investor call will be hosted by Genius Group's CEO, Roger Hamilton.
Where can I view the Prospectus Supplement?
The Prospectus Supplement can be viewed through the link provided in the press release.
What services does Genius Group provide?
Genius Group offers AI-powered education and acceleration solutions, focusing on personalized, entrepreneurial AI pathways for various users.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GNS Hedge Fund Activity
We have seen 1 institutional investors add shares of $GNS stock to their portfolio, and 1 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- XTX TOPCO LTD added 11,352 shares (+532.0%) to their portfolio in Q3 2024, for an estimated $10,307
- MORGAN STANLEY removed 6,081 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $5,521
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SINGAPORE, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered, Bitcoin-first education group has filed its Prospectus Supplement for its recently announced rights offering, with 100% of net proceeds going towards buying Bitcoin for its Bitcoin Treasury.
The Prospectus Supplement can be viewed at this link .
The Company has provided a guide for shareholders on the rights offering, together with links to the company’s recent Investor Call, Investor Presentation and FAQs which can be viewed here .
The Company will conduct an investor call and webcast to discuss the rights issue, together with the Company’s Bitcoin Treasury Strategy and 2025 outlook. The call will take place on Wednesday, January 22, 2025, at 6.00pm Eastern Time and will be hosted by the Company’s CEO, Roger Hamilton.
The live webcast of the call, and subsequent replay, will be available at this link .
A link to the script, investor deck and recording will be available after the live webcast at https://ir.geniusgroup.net/
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 www.geniusgroup.net .
For more information, please visit https://www.geniusgroup.net/
Forward-Looking Statements
Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will”, “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company's Annual Reports on Form 20-F, as may be supplemented or amended by the Company's Reports of a Foreign Private Issuer on Form 6-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. No information in this press release should be construed as any indication whatsoever of the Company’s future revenues, results of operations, or stock price. This communication is not an offer to sell or the solicitation of an offer to buy any securities. Any such offer can only be made by means of a prospectus. The prospectus is available at https://ir.geniusgroup.net/sec-filings/all-sec-filings##document-716-0001493152-25-003099-2 or by contacting the contact set forth below.
Contacts
MZ Group - MZ North America
(949) 259-4987
[email protected]
www.mzgroup.us